Live seminars by FOTechHub in collaboration with the Larry Kraus Family Office Tech-NEW-logy Institute.In this episode, Shaun Parkin - Founder, Hall Road Investments - interviews:

Private Wealth Systems - offering financial reporting and data aggregation for family offices - represented by Charlie Brown, Director of Sales.

Arqa AI - providers of AI-based tools for investment management and risk assessment in family offices - represented by Haik Sahakyan, Co-Founder & CEO.

Episode page:⁠ Tech-NEW-logy Institute: Shaun Parkin Interviews Private Wealth Systems & Arqa AI | FOTechHub⁠

Join our virtual family office tech & ops annual conference, 19-20 November:⁠FOTechHub Second Annual Tech & Ops Conference (ringcentral.com)⁠

Show Summary:

00:00 – Introductions

04:16 – Sean’s opening remarks

05:55 – Haik & Arqa AI: focus on automating data entry and aggregation (capital calls, k1s, custodial statements, etc)

07:26 – Charlie & PWS: data consolidation, reconciliation and analytics

08:22 – Data challenges, complexities of onboarding tech, automating data handling, master investment book of record

12:06 – Data accuracy and efficiency, errors in custodial feeds

16:38 – Resource limitations in family offices, power users and outsourced back office

24:00 – Client feedback on ai tools: not just for data extraction but also portfolio rebalancing; document management

30:04 – Arqa and PWS in the ecosystem

Arqa: focus on investment and operational workflowsPWS: data management platform integrating with other systems

39:11 – Global client demand

47:58 – Pricing models and ranges

52:59 – Data security and privacy

58:19 – Closing remarks