Automate your family office
Schedule DemoAfter the passing of the family patriarch, the Tan family set up their family office but faced various challenges with multi-jurisdictional assets and bank accounts. After a few years of going through the probate process in various countries, the second generation decided that they required a clear and centralized data management information system to move forward with their legacy planning and portfolio management.
Asora, focused on family offices, understood their goals and helped them to move all the various data from multiple data sources into a single source of truth. This allowed the family members to have on-demand access to key information across the stakeholders, portfolios and assets across the globe.
The family didn’t have a single tool to have a concise and consolidated view of their wealth, as the current assets were held in various entities and bank accounts across the globe.
Key information was usually consolidated into a spreadsheet but pooling data from across different sources was laborious, which made it hard for the next generation principals to get the transparency and simplicity they needed to move ahead with their investment objectives.
As a multi-generational family, they also needed a digital system everyone could rely on.
The challenges:
• No consolidated, timely view of net worth across liquid and illiquid assets and across geographies
• Manual data aggregation and reconciliation in Excel
• Limited visibility into private credit and deals
• No unified dashboard for all family members to see the same data
MAIN CRITERIA FOR SELECTION
The family wanted to get a reliable information management system inplace without adding complexity.
They did not require fancy portfolio management systems but an accurate and simple overview of the wealth stakeholders so they could quickly divide roles and responsibilities for investment management.
Their goal was to create a data driven approach which supports decision making and collaboration:
• Consolidated oversight of all assets, entities, and accounts
• Net worth tracking with filtering by provider, asset class, and other dimensions
• Dedicated deal pipeline for tracking new investments
• Mobile access for on-the-go portfolio visibility
• Quick setup with minimal effort
• Simple, intuitive interface suitable for all generations
Many platforms felt overly complex or technical for the older family members, but Asora offered the right balance of clarity, agility, and independence, which was purpose-built for family offices like theirs.
Manual data entry reduced by more than 75% after full implementation
Direct data feed with multi-jurisdiction bank accounts set up in ≤12 weeks
After reviewing several options, the family chose Asora for its ability to aggregate data seamlessly, provide intuitive reporting, and scale as their wealth evolves.
Key reasons for selection:
• Single source of truth: Live bank and custodian connections with timely updates
• Net worth tracking: Clear visibility on the overall asset allocation by asset class,provider, and currency
• Wealth map: Visual clarity on ownership across family members and entities
• Ease of use: Modern interface on desktop and mobile
• Responsive support: Dedicated on-boarding assistant with regular platform updates
KEY RESULTS
• Implementation and on-boarding happened within 2 weeks of signing the agreement
• Dedicated on-boarding manager to transpose existing data sources into Asora for initial view within 4 weeks
• Direct data feed with multi jurisdiction bank accounts tested and completed within 12 weeks
• Manual data entry reduced by more than 75% after full implementation
Asora now sits at the center of the family’s financial management. Family members access the same, up-to-date data, reducing duplication and keeping decisions aligned.
• The family uses the Wealth Map to bring structure to how assetsare organized after the probate process
• With the Net Worth View and Deal Pipeline, the principals can instantly see where capital is held, who owns what, and how much liquidity is available for future investments.
• Mobile access makes it easy to track progress anywhere.
What once required multiple spreadsheets now happens automatically; saving time, improving accuracy, and giving the family confidence in every decision.
• Start with structure: Choose a digital platform early so your data and processes scale with your wealth.
• Get organized early: A clear framework for tracking ownership and cash positions leads to faster, better-informed decisions.
• Keep it simple: Use a platform intuitive enough for both principals and family members.
• Build for growth: Select technology that evolves with your reporting and investment needs.
Asora gives the Tan Family Office a strong foundation for the future. Decisions are faster, oversight is clearer, and governance is more transparent.
The platform grows with them; new features are added regularly, and the family’s feedback helps shape future developments.
The family now enjoys the peace of mind that comes from knowing everyone sees the same picture; always up to date, always in one place.
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