"Natural language models (LLM) are going to democratize investment data even more" notes Sue McDermott on The Risclarity WealthTech Podcast.
Sue McDermott, Partnership Program Director at Addepar, discusses with Mark Wickersham the impact that alternative investment automation is having on the industry and how AI will help democratize alternatives for advisors.
From alternative investment data management to AI-driven document processing, firms are adopting new technologies to improve efficiency and unlock new insights.
Key Trends Impacting Family Offices:
✅ Expansion Beyond Core Platforms: More firms are moving beyond basic GL and portfolio management tools to incorporate CRM, document management, and trust & estate planning solutions.
✅ Automating Alternative Investment Data: Manual data entry is being replaced by advanced automation, significantly reducing time spent on statement processing.
✅ AI & Natural Language Processing: AI is helping family members ask complex investment questions and get real-time answers—without relying on staff.
✅ Unlocking Unstructured Data: AI is transforming the way firms handle subscription agreements, trust documents, and estate planning—reducing reliance on legal teams for manual reviews.
Resources
About Susan McDermott
Susan McDermott is the Program Director on the Partnership team at Addepar. Sue focuses on partners that offer a range of family office services. Sue has spent the majority of her career in the investment and wealth management fields and has extensive experience in technology and operations management.
About Addepar
Addepar is a global technology and data company that helps investment professionals provide the most informed, precise guidance for their clients. Addepar's open platform integrates with more than 100 software, data and service partners to deliver a complete solution for a wide range of firms and use cases.
To learn more about how Risclarity integrates with Addepar, please see our partner page.
Disclaimer
Information provided is for educational purposes only. Opinions expressed and estimates or projections given are as of the date of the presentation and Risclarity has no obligation to update or provide notice of inaccuracy or change. Addepar is an independent company and is not affiliated with Risclarity.
