In his latest newsletter at Modus, Michael Thrasher highlighted a report released by RBC and Campden Wealth which said that "Family offices say their top operational risks are the volume of their manual processes and their overreliance on spreadsheets."

Furthermore, Thrasher reports,"[w]hile there appears to be an uptick in the adoption of better technology, especially performance reporting and aggregation software, many family offices continue to operate with a combination of manual and automated systems because financial data can vary considerably."

Remapping the Modern Wealth-Tech Ecosystem

On our blog, we've written extensively about how these disparate systems and varied data remain a foundational operational challenge for family offices and RIAs.

We think there's a new way to look at the problem: put money movement at the center of firms' operational focus and their technology stack.

With a complete understanding of where clients' money is going to and from, firms can much more efficiently serve their clients.

To that end, we thought it was necessary to redraw the wealth-tech map -- but with Atomic Insight's vision for money movement at the center of the tech stack. Take a look and let us know what you think.