The Back Office Challenges Family Wealth Firms Face (and what they can do about it)

The Back Office Challenges Family Wealth Firms Face (and what they can do
about it): Featuring Rick Higgins, Founder and CEO, and Carl Knecht, President and CTO of Risclarity.

In this episode, we dive deep into the family office back office on The Risclarity
WealthTech Podcast. Based on a combined experience of over 75 years in the industry, Rick Higgins, Carl Knecht, and Mark Wickersham discuss the challenges firms face and the technology and best practices they need. Specific topics include:

• Why APIs are so important for connecting your technology
• The challenges of consolidated client reporting
• Challenges in converting investment information into financial information in a
  scalable and consistent manner
• Challenges of data aggregation and why your investment data doesn’t match the
  statement
• Why organizations struggle to make changes to their technology
• Common client bill payment mistakes

Resources

• Episode Transcript
• Advantages of Best of Breed Technology - Video
• New Technology Trends in Family Wealth - Video

About Rick Higgins
Rick Higgins is the Founder and CEO of Risclarity. Rick brings decades of experience to provide leadership and innovation in financial reporting for wealth managers and family offices. Having dedicated his career to innovation in family wealth technology, Rick is widely known for his ability to connect with people, overcome challenges, and offer reporting expertise. 

About Carl Knecht
Carl Knecht is President and CTO of Risclarity. Carl Knecht has been a leader in the
Financial Technology space for more than 25 years. Starting in the early days of the
mass adoption of the Internet, Carl co-founded one of the first technology firms focused on providing wealth managers and family offices reporting and productivity tools to support their family’s wealth.

The Risclarity WealthTech Podcast
The WealthTech Podcast is a monthly interview series hosted by Mark Wickersham.
Each month, we present a conversation with various industry leaders that focuses on the challenges family wealth firms face with technology, people, and processes.

Listen and subscribe to The Risclarity WealthTech Podcast on your podcast platform of choice:

• Apple Podcast
• Spotify
• Amazon

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.