Asseta retweeted
The End of the Spreadsheet Premium for Family Offices
A fantastic Thought Leadership piece by @palmiter_dean, CEO of @AssetaAI
link below
Asseta retweeted
Few industries are scaling faster than the family office sector 🚀
And competition is heating up for those companies serving UHNW families
@AssetaAI has just raised $4.2M in seed funding
They're helping FOs ditch Excel and legacy software and build financial infrastructure the industry has been missing
They're also sponsoring Friday's newsletter!
We are pleased to share that Asseta AI has raised 4.2 million dollars in Seed funding, co-led by @nyca and @motive_partners.
This investment strengthens our mission to modernize family office financial infrastructure.
Family offices manage more than 7 trillion dollars, yet most rely on spreadsheets and legacy systems that create delays, errors, and fragmented data. The industry needs a purpose-built foundation.
Asseta delivers exactly that.
The Intelligent Family Office Suite™ provides true multi-entity accounting, dimensional reporting, and integrated governance in one connected system.
More than 10 billion dollars in assets are now managed on Asseta, and ARR has grown more than 1,500 percent year over year. This funding accelerates new modules, deeper automation, and expanded support for our clients.
Thank you to our customers, partners, and investors for your trust!
We are building the future of family office infrastructure, and we are only getting started.
Read more about our announcement here: asseta.ai/resources/asseta-a…
Asseta retweeted
I wrote about a very interesting fintech focused on building a niche product. @AssetaAI, an accounting software platform designed specifically for family offices, has raised $4.2M in seed funding. Nyca Partners and Motive Ventures co-led the financing.
Read all about its fundraise in my latest @twifintech article linked in the comments.
Asseta retweeted
Why does generational wealth disappear?
It's an outcome that repeats time and time again
Families build, prosper, and disperse
So how to avoid the cycle?
Dean Palmiter @palmiter_dean from @AssetaAI shares his perspective on why wealth guided by purpose endures
Read the latest thought leadership piece here:
mrfamilyoffice.com/p/how-pur…
Asseta retweeted
Thanks to @assetaai for supporting today's newsletter (The Brutal Cost of Running a Family Office)
"The right tech stack avoids operational bottlenecks, although overbuying software can drain budgets."
How do you go about deciding on a suitable software solution?
42%Online research
21%External advisors
32%Peer recommendation
5%As many demos as possible
19 votes • Final results
Asseta retweeted
If you're a Family Office, it's time to buy a new jet!
Why? Because the "Big Beautiful Bill" that just passed can make it essentially free.
Sounds too good to be true? It's not.
It's a strategic tax play for family offices. 👉
Asseta retweeted
Family Offices by numbers 🧵
> avergage number of family office staff
> average cost of family offices
> average total compensation, CEO, CIO, CFO
Asseta retweeted
The quality of your financial data determines the quality of your business decisions.
Clean books = Clear thinking.
Asseta retweeted
Today's newsletter is a July 4th Family Office smorgasbord
✨an interview with the Family Office Sherpa ✨ family office jos ✨ finding $10 trillion unicorns ✨ Anushka Gupta on investing for family office clients ✨ book recommendations ✨ podcasts: family office purpose, structure and design ✨ how are family offices using AI✨
8,000+ family office people read it every week
It's free for you, kindly sponsored by @AssetaAI
Asseta retweeted
The next frontier for luxury diversification isn't something you can physically hold in your hand.
It's not even something you can put on your wrist!
According to @BNYWealth - it's all about capturing value from our attention economy.
Asseta retweeted
Mo Money Mo Problems
That can be the reality for next-gen heirs
But AI is changing things. It's improving financial wellness for inheritors
Dean Palmiter of @AssetaAI has written for the MrFO newsletter:
Financial Wellness for Next-Gen Heirs
What if AI could empower next-gen heirs to manage the challenges that come with major inheritances?
🔗 below
Asseta retweeted
Does a sub-$300M family office make sense
Ask me a few years ago and the answer would be an unequivocal no
But things are changing
AI is changing the game
While many knowledge workers are desperately clinging to the belief that they are uniquely safe from AI, the experience at family offices suggests that disruption is already happening
Agentic AI is democratizing family offices
JP Morgan reported that the average cost of running a family office is $3.2M
That's usually way too much if AUM are below $300M
But agentic AI brings a new type of lean, tech-enabled family office
Agentic AI goes beyond static prompts
it learns
it adapts
it proactively manages complex workflows
It can significantly reduce manual labor and operational overhead
Will it completely upend the family office model?
Asseta retweeted
12 noon ET: Friday's Mr Family Office Newsletter
• How to solve family office accounting challenges
• The 10 wealthiest families in the US
• 6 Alternative investment themes for family offices
• Podcasts: family offices and AI
• 5 Family office jobs
Asseta retweeted
→ the typical cost to run a family office
→ the typical size of family office teams
JP Morgan Family Office Report
Asseta retweeted
📈 Family offices are revolutionalizing finance
✨ The great wealth transfer is unlocking a world of opportunity
🗣️ Follow along to join the conversation
✉️ I send two weekly emails to thousands of people:
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