Each month, The UHNW Institute identifies a specific industry theme to emphasize. Much of the content and programming we highlight and produce will focus on the chosen theme. All monthly themes can be found in the 2024 Programming Calendar here

The private wealth industry demand for products and services continues to grow, as does technology for family office operations and even lifestyle management.

Throughout April, we will explore the topic of FinTech, as The UHNW Institute partners with  Family Wealth Report (FWR) for the 2024 Family Office FinTech Forum on Thursday, April 18 from 1-6 pm at Citco in New York City. Institute members receive a complimentary benefit—free attendance—with this link to register,

The live, annual event serves as an industry’s forum to discuss best practice and see real-life examples of how to adopt and invest in technology by multi and single-family offices. The opening keynote, Operating a high-performing family office in 2024 by Raymond DiNunzio of TOS Advisors, sets the scene for the day, along with technology demos, brief presentations and a cocktail networking event to round out the evening. For the updated Agenda, and to learn more, visit the Family Wealth Report Family Office 2024 FinTech Forum.

To align with the Forum, The Institute has selected the following resources for members to explore this month to help deepen their knowledge and understanding of the dominating themes—AI, blockchain tech and big data—within the topic of FinTech, and a subset that appeals to family offices, WealthTech.


  1. Article The Role of Artificial Intelligence in the Future of Estate Planning

Possibilities and Challenges. Wealth Management.com

Imaan Moughal | May 22, 2023

Artificial intelligence (AI) and natural language processing (NLP) technologies have been buzzwords for several years, and their capabilities are continuing to grow. With the ability to analyze large sets of data and identify patterns, AI is transforming industries such as health care, finance and law. In the legal field, AI is changing the way legal drafting is done, with NPL technologies such as one you’ve likely heard of called ChatGPT now being used ubiquitously by lawyers.


  1. Article Applications of Machine Learning in Wealth Management

Journal of Investment Reporting by John M. Mulvey, PhD, Junhan Gu, Margaret Holen, PhD, and Yuqi Nie Journal of Investment Reporting

This paper provides a targeted review of machine learning methods that are impacting the field of wealth management. This is an area of great breadth and dynamic growth, and we focus on applications that in our experience are delivering benefits in practice to wealth management businesses by improving investment performance and enabling personalized services at scale. We highlight novel approaches to customized financial planning systems and deep learning algorithms with novel data sources linked to natural language processing concepts. We also discuss emerging challenges and opportunities that may shape the future path of this rapidly evolving area.


  1. White Paper  Is the Glass Half Full?

Greg Friedman, Greycourt & Co., Inc., 2023

This white paper puts forth the view that transformative technologies (e.g., artificial intelligence, quantum computing, clean energy, healthcare advancements) will have a greater impact on the market than investors realize. Examples throughout history demonstrate how advancements in technology have often disrupted economies in more favorable ways than first anticipated. Taking this into account, current market predictions may need to be more optimistic than many investors believe.


  1. Article Future of Financial Advice – More Co-Pilot than Autopilot

Abdul Abdirahman, John Lin, Zoey Tang, Family Wealth Report

This timely and accessible editorial demonstrates how generative artificial intelligence can save advisors’ time by handling repetitive and labor-intensive tasks. Using AI as a “co-pilot” frees up valuable time to foster deeper relationships with clients. A chart of various technology platforms advisors use in their daily work demonstrates one potential application. In a few seconds, generative AI can extrapolate meaningful data from disparate technology products, offering valuable insights. 


  1. Tools + Resources

&Simple, based in Europe, focuses on solutions and houses a useful database of family office software, health and lifestyle technology and more.


  1. Podcast Breaking Banks

The #1 global fintech radio show and podcast. Every week, Breaking Banks explores the personalities, startups, innovators and industry players driving disruption in financial services; from Incumbents to unicorns, and from the latest cutting edge technology to the people who are using it to help to create a more innovative, inclusive and healthy financial future.


We invite you to discuss this month’s theme, share recommended resources and join the conversation in our Community Forum on FinTech. If you have any questions about this month’s theme or are interested in joining The UHNW Institute, please contact us.