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IT Services and Solutions for Family Offices

In financial IT since 2005, ScienceSoft provides full-cycle technology consulting, software engineering, and support services to family offices. We create secure and compliant solutions that help family offices improve service efficiency, increase the accuracy of wealth planning, and deliver top-notch experiences for ultra-high-net-worth (UHNW) families while keeping IT costs under control.

IT Services and Solutions for Family Offices
IT Services and Solutions for Family Offices

Custom Software Solutions for Family Offices

ScienceSoft engineers multi-functional systems covering the whole spectrum of private wealth management processes, as well as specialized solutions that automate particular operational areas. Here are some of the family office solutions we deliver:

Core private wealth management solutions

Financial planning and analysis software

Software that automates financial modeling and long-term outcome assessment across tailored cash flow, estate, investment, ownership transfer, and tax scenarios. Family officers can also model the impact of regulatory and market events.

Software used to automatically aggregate wealth data across multiple custodians, reconcile holdings, and evaluate the performance of UHNWs’ complex asset structures. It can provide analytics-supported deal sourcing and portfolio optimization.

Private banking management solutions

Software aimed to automate the servicing of UHNWs’ banking relationships, including transaction monitoring, cash reconciliation, and document management across domestic and foreign bank accounts.

Investment management software

Solutions meant to automate investment research, deal due diligence workflows, order management, and investment performance analytics. They are used by family offices responsible for UHNWs’ investment activities.

Succession management solutions

Software that automates cross-generation inheritance modeling, succession strategy planning, and transfer of wealth (private property, business assets, etc.). It can support automated trust governance.

Philanthropy management tools

Solutions that support data-driven search of compliant and tax-efficient philanthropic opportunities. They automate donation scheduling, charitable fund distribution and tracking, and impact reporting.

Tax management software

Software used to consolidate tax-relevant wealth data, automate calculations for estimated liabilities, generate regulatory-ready tax filings, and identify opportunities for tax optimization across jurisdictions.

Fund management software

Solutions that automate asset performance tracking and fund accounting for family offices managing UHNWs’ pooled alternative investments and fund structures (e.g., private equity or venture capital funds).

Real estate management solutions

Software that offers automated rental income forecasting, lease tracking, property-level accounting, and maintenance scheduling for family offices administering UHNWs’ residential and commercial real estate.

Lifestyle management tools

Solutions meant to automate the handling of UHNW clients’ personal affairs, such as planning travel logistics, scheduling events, managing art collections, hiring domestic staff, and organizing personal security.

A centralized digital workspace to manage interactions with UHNW families, process and store wealth management documents, and track family financial goals, deal flows, portfolio performance, and service fees.

Software that automates the creation and distribution of client reports (consolidated cash flow reports, portfolio performance snapshots, asset transfer plans, fee summaries, region-compliant tax forms, etc.).

Wealth data management tools

Solutions that automate the aggregation, orchestration, quality assurance, enrichment, and maintenance of disparate data relevant to private wealth management activities.

Data analytics systems

Solutions that let family offices automate the calculation, forecasting, and reporting of chosen metrics across sales, finance, client experience, and risk management areas.

Data security solutions

Specialized tools that automate wealth data encryption, access control, user behavior analytics, and suspicious activity detection to protect sensitive financial and personal information managed by family offices.

Compliance management solutions

Software used for real-time monitoring of the wealth operations’ compliance with the family office’s internal policies and required legal frameworks, including local regulations (e.g., SEC for the US, SAMA for the KSA).

AI-native automation solutions

According to the 2024 Family Office Software & Technology research by Simple, 100% of the US family offices either currently use artificial intelligence (AI) or plan to use it soon. With decades of experience in implementing AI for investments, ScienceSoft helps family offices engineer secure AI solutions that enable intelligent analytics beyond simple email drafting.

AI-powered financial analytics systems

Solutions that apply advanced machine learning (ML) algorithms for high-precision diagnostic and predictive analytics. They can include intelligent prescriptive analytics for AI-assisted wealth planning and optimization.

LLM-supported financial research tools

Solutions that leverage large language models (LLMs) to capture massive volumes of financial data, retrieve and summarize insights relevant to the user’s query, and present them in a requested report format.

Intelligent document processing solutions

Software that relies on intelligent image analysis and robotic process automation (RPA) to automatically extract, reconcile, and structure data from multi-format wealth management documents.

Generative AI assistants

Smart chatbots that can instantly process textual and voice inquiries of the family office professionals and communicate the requested information in regular human language.

IT Services for Family Offices

Technology and business consulting

Software engineering

Software modernization

Managed IT services

Security and compliance services

Technology and business consulting

Software engineering

Software modernization

Managed IT services

Security and compliance services

Need a Trustworthy IT Partner for Your Family Office?

Tell ScienceSoft about your business goals and obstacles, and our consultants will share practical advice or propose a range of effective solutions. We are ready to sign an NDA before discussing sensitive details.

Our Clients Say

Our collaboration was a true partnership. The team was open, attentive to our requirements, and accurate in addressing them. The delivered solution is exactly what we needed.

Star Star Star Star Star

The DMS developed by ScienceSoft helped us ensure document integrity and security and accelerate document-related business processes. We are satisfied with the project results.

ScienceSoft turned out to be an excellent match. Within just two weeks, their Tier 1 support agents seamlessly integrated into our processes and became an invaluable asset to our team.