Family Office with MyPrivate
MyPrivate offers a Competitive Value Proposition to those aiming for Robust and High-Quality Family Management Practices. The highly efficient business processes support transaction processing, document management, payment and reconciliation reduce the barrier towards bringing this activity back into the Family, creating important advantages.
Enhancing Family Office Intelligence with AI
Personalized insights for informed decision-making and lasting legacy.
Integrating OpenAI technology enables MyPrivate Family Office to support a wide range of client needs—from analyzing household financial ratios and estimating wine cellar values to interpreting health measurements and crafting mission statements based on family values.
These AI-driven capabilities help families gain faster insights, make more informed decisions, and navigate complex topics with clarity. Importantly, OpenAI does not use client data to train its models, ensuring confidentiality and data privacy remain uncompromised.
Increased Privacy
Even with the strictest policies and procedures offered by a Family Office, some people simply do not feel comfortable having an outside party with a 360° view on their Family Affairs.
MyPrivate provides segmented reporting briefs and analytical insights, meaning that Professional Advice can be solicited by providing only the necessary documentation required for that purpose.
Less Fraud Sensitive
By processing invoices and payments inhouse, exposure to fraud is greatly reduced.
Moreover, the capability to easily manage many different accounts facilitates the use of dedicated accounts with low credit limits and cash balances that are at high risk, such as those used for ATM operations, credit card payments and online shopping.
Broader Coverage
Multiple critical areas that are normally not covered by a Family Office, such as medical history or nutrition planning, are integrated into the software, meaning that over the years a true Family History Book is built up.
More Inclusive
Divergences exist in all families between its members in terms of knowledge, capabilities and areas of interest. MyPrivate promotes an inclusive approach, where each family member can pick one or more topics of his/her choice, explore in depth the subject and develop optimal solutions. These topics are as varied as finance, insurance, retirement, personal development, social responsibility and many more.
