Vendor Management & Coordination
When a family needs their attorney, CPA, and wealth advisor to coordinate on tax strategy, they face a nightmare:
No clear log of who owns what responsibility
No visibility into what's due when
Advisors don't talk to each other; the family becomes the hub
No way to track if advisors are delivering value
Property managers, household staff, and vendors operate in information silos
Every advisor coordination issue requires phone calls and emails
Knowledge walks out the door when key people leave
The Real Cost:
1
Family offices spend 20-40% of working hours on manual tasks
2
Advisor coordination failures lead to missed deadlines, tax inefficiency, relationship breakdowns
3
Staff turnover is the #2 operational concern (after cybersecurity) because operations are chaotic