Implementation of Consolidated Wealth

Implementation of Consolidated
Wealth Reporting for Family Offices

Get a complete picture of all assets and liabilities with Unified Reporting

This intensive 3-day training course is designed to equip family office professionals with the knowledge and skills needed to implement consolidated business intelligence (BI) reporting systems. With a focus on handling diverse asset types and integrating them into a unified reporting platform, this course provides practical insights and tools to streamline the aggregation and analysis of asset values across multiple entities. Participants will learn the key steps in setting up a BI reporting system that enhances decision-making and transparency within family offices.

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Price

$800

Instructor

Patrick Ng

Duration

3 Days

Lesson

7 modules

Language

English

Level

Advanced

Day 1: Strategic Foundations & Requirements Definition

Morning

Module 1: Context Setting & Fundamentals (3 hours)

Understand the unique challenges of BI reporting for family offices with diverse asset portfolios
Recognize the strategic value of consolidation and reporting for decision-making and risk management
Identify key roles and responsibilities in the project governance structure

Afternoon

Module 2: Requirement Gathering & Stakeholder Analysis (3 hours)

Conduct comprehensive stakeholder analysis to elicit requirements
Define business goals, KPIs, and reporting formats needed for strategic decision-making
Understand compliance, regulatory, and confidentiality considerations unique to family offices

Day 2: Technical Architecture & Tool Selection

Morning

Module 3: Data Architecture & Integration Strategy (3 hours)

Understand data integration approaches (ETL, ELT, APIs, data virtualization)
Map out data flow from source systems (portfolio management systems, bank custodians, real estate valuation services) into the BI platform
Establish data governance standards (data quality, master data management, metadata management)

Afternoon

Module 4: Selecting the Right BI Tools & Platforms (3 hours)

Evaluate BI platforms based on usability, security, integration capabilities, and advanced analytics features
Align tool selection with family office scale, budget, and complexity of assets
Consider future-proofing: Scalability, cloud/hybrid infrastructures, and ongoing support

Day 3: Implementation Planning, Change Management & Governance

Morning

Module 5: Project Planning & Execution Strategies (3 hours)

Develop a comprehensive project plan outlining scope, timelines, resource allocation, and budget management
Identify key milestones, success criteria, and risk management strategies
Incorporate agile and/or hybrid project management methodologies suitable for rapid refinement as family office needs evolve

Afternoon

Module 6: Change Management, Training & Governance (3 hours)

Outline a change management approach to ensure adoption by family office staff, including training needs analysis and user enablement strategies
Define ongoing governance frameworks for data stewardship, platform updates, and compliance monitoring
Develop a post-implementation support and maintenance roadmap

Module 7: Review, Action Planning & Next Steps (1 hour)

Consolidate learning, revisit course objectives, and ensure all questions are addressed
Each participant outlines a personal action plan for next steps in their family office environment
Gather feedback to improve future training sessions

By the end of this course, participants will be able to:

Understand the end-to-end lifecycle of implementing a consolidated BI reporting solution tailored for high-net-worth family offices.
Identify and map stakeholder needs, data sources, and functional requirements essential for a unified reporting platform.
Evaluate and select the right BI tools, data integration methods, and system architectures to accommodate a variety of asset classes.
Plan and execute implementation strategies, ensuring data quality, security, governance, and regulatory compliance.
Develop a post-implementation roadmap for continuous improvement, platform scalability, and long-term solution maintenance.

Patrick Ng

Project Manager

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