The global membership organization of wealthy families and their advisors has created a role dedicated to advising family offices on the crucial issue of technology.

Family Office Exchange is adding technology consulting to its roster of services, recruiting Steven Draper to lead the effort.

New services include the review of the current technology environment in a family office, strategic alternatives for updating technology and software, and supervision of new system installation.

Draper, who has a strong background working with single and multi-family offices globally, has joined FOX as a senior technology consultant.

“Often in a family office, the software and systems are fragmented because of organic growth, limited human resources, and a lack of understanding about what is possible,” said Draper. “An office doesn’t have to throw their current systems out and start again, it just needs to take advice about the most sensible route to achieve best practice.”

FOX offers consulting services to family offices and advisors including long-term strategy, family office operations, and family governance projects and facilitation. It also offers the FOX Family Office Blueprint for creating new family offices, conducts wealth advisor selection reviews, and provides education and training modules.