A Family Office is an organization dedicated to managing the funds and investments of high wealth families. These services have increased in recent years, and require the professionalization of long term money management.
There are two categories of family office, the single and the multifamily office. The former are created by the business/family group themselves, and are composed of family members and financial advisors as consultants.
Sometimes, the Group investment holding company is used, or another company created for this purpose. The multifamily office have two or three investment executives with extensive market experience, and a back office structure composed of five to ten people. Generally they provide investment advice to families. They are responsible for operations and manage relationships with banks or stock-brokers.
SONDA has developed an IT solution for this niche, consolidating products that already operate in the market today, with the aim of providing support to Family Offices in the management of their portfolios. This service includes Investment Portfolio Management through Software as a Service (SaaS), which presents all the information of value required by administrators to manage the portfolio, including a daily unit valuation.