Episode 15
December 19th 2024
Show Summary
Erin Hulse interviews AltExchange - simplifies alternative investment reporting and data management for investors and advisors, and Fi-Tek Wealth - providers of integrated wealth management technology for family offices and financial institutions.
About the Moderator
Erin Hulse, Founder & CEO, Deviate Consulting
Erin is the founder of Deviate Consulting, a software consulting firm specializing in family offices. With a background in alternative investments and private wealth, Erin has held roles including investment accountant, hedge fund operations manager, software implementation manager, and business development director. Her current focus is on accounting and software consulting for single and multi-family offices.
About AltExchange
Represented by Kareem Hamady, CEO & Co-Founder
AltExchange provides innovative solutions for alternative investment reporting. Designed for investors, advisors, and fund managers, it simplifies the complexities of managing alternative investments by offering automated data aggregation, streamlined reporting, and enhanced transparency. On October 30, 2024 iCapital, a global fintech platform specializing in alternative investments, has announced a definitive agreement to acquire AltExchange to enhance its data management capabilities.
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About Kareem Hamady
Kareem is Co-Founder of AltExchange, a technology platform designed for High Net Worth (HNW) investors and Wealth Advisors (RIAs) to manage Alternative Investments. Formerly a Product Manager at Bloomberg and finance professional with Private Equity, Investment Banking and Consulting experience.
About Fi-Tek Wealth
Represented by Alan Perl, Director of Client Service and Business Development
Fi-Tek Wealth Solutions's proprietary technology platform, Rockit® Command, was purpose-built by the Rockefellers to manage one of the world's most complex multi-generational family offices. The integrated wealth solution consolidates technology-enabled services (operations and administration) for all wealth segments (HNW, UHNW, Family Offices, Trusts, RIA's and Funds) and further streamlines existing offerings (operations, fund administration, Cash/Tax/GAAP accounting, alternative asset servicing, performance and consolidated financial reporting).
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About Alan Perl
Alan is the Director of Client Service and Business Development at Fi-Tek Wealth Solutions and heads business development, client services, implementations, and client training on the Rockit®Command platform. He has over 20 years of financial services and technology deployment expertise in Trust, Large Institutions and Family Offices. Alan joined Fi-Tek Wealth Solutions’ predecessor firm, Rockit Solutions, in 2007 and throughout his tenure has held multiple front office roles within the firm.
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(03:48) Speaker introductions
(03:48) Speaker introductions
(05:15) RockIt Command Overview: developed by the Rockefellers for family office needs, and its evolution after Fi-Tek's acquisition in 2016
(05:15) RockIt Command Overview: developed by the Rockefellers for family office needs, and its evolution after Fi-Tek's acquisition in 2016
(09:18) Modularization and integration with Fi-Tek's wider wealth platform
(09:18) Modularization and integration with Fi-Tek's wider wealth platform
(12:19) Implementation challenges: collaboration and co-sourcing
(12:19) Implementation challenges: collaboration and co-sourcing
(17:26) Modularization trends and challenges with legacy general ledger systems in family office tech
(20:28) Data Integration for RIAs and family offices, including alternative investment support
(30:11) AltExchange: founding, interoperability, and leveraging AI
(33:55) AltExchange Differentiators
(41:59) iCapital Acquisition: insights into AltExchange’s integration with iCapital for post-investment reporting capabilities
(47:58) Pricing Models
(56:10) Future Roadmaps