Technology

As families expand, so does family office complexity, driven by more members, goals and technologies. Family office leaders and advisors say this evolution requires clear purpose, disciplined processes and new talent. Generational transitions, they note, can catalyze renewal, re-engagement and modernization across family office structures.

Research indicates that family enterprises are forging ahead with the use of artificial intelligence tools — though family office operations teams are more cautious in their adoption.

Family offices are grappling with rising complexity as data from sources, like alternative investments and legacy records, create challenges in reporting, compliance and technology integration. To manage, it will take a mix of frequent audits, updated systems and specialized talent.

Technology can make a family office run more smoothly — or it can be a source of frustration. We asked family members to tell us about a technology challenge their family office has faced.

Family offices are interested in artificial intelligence for two main reasons: as an investment (or something that may affect their current investments), and as a tool for their own operations. The recently released “Global Family Office Report 2025” from UBS found that a majority of global respondents expect to use AI in the next five years for several functions, from financial reporting to content creation.