A quick insight from Forbes into how sophisticated family offices are generating significant investment success by leveraging some of the latest Internet-based technologies and processes including crowdsourcing.
Sophisticated single-family offices and private investment companies are generating significant investment success by leveraging their connections and expertise as well as using some of the latest Internet-based technology and processes such as crowdsourcing. A core responsibility of most single-family offices and private investment companies is to manage the wealth of an individual or family. While many of these firms are substandard, there are those that are producing exceptional results. Some of them are brilliantly beginning to employ technology such as telepresence and cognitive computing to become more effective. In the same way, many of them are looking to capitalize on viable financial technology to produce superior investment returns. One example of this is crowdsourcing.