Family offices

Outsourcing family office operations

Empaxis clients - family offices

Focus efforts to grow and preserve family wealth

Empaxis was born out of a multibillion-dollar multifamily office and has a deep understanding of the unique reporting requirements and market challenges your business faces.

We also understand that your firm’s continued commitment to growing client wealth from one generation to the next requires a more sophisticated approach that can often put stress on your back-office resources.

Benefits of outsourcing: Lower your operating costs & avoid reporting errors

Family offices serving those of high- and ultra-high-net worth often make the same operational mistakes, including:

  • “Experimenting” with new hires
  • Attempting to implement new technology
  • Running the portfolio accounting software on their own
  • Doing manual work that results in numerous errors
  • Hiring family members to handle work beyond their capabilities
Empaxis India office - investment operations outsourcing

Avoid the challenges above by outsourcing, where you'll benefit from:

Lower operating costs

With operations outsourcing, family offices are paying strictly for labor costs; they’re not having to pay for benefits, perks, sick-leave or vacation days associated with in-house hires. Family office reconciliation and other reporting requirements can be run at lower costs than if they were to be done in-house.

Access to expertise

Outsourcing provides family offices a low-cost way to have experts who understand portfolio accounting and the software to run the reports. These firms should have mature processes in place for report generation, data accuracy, quality controls and protecting personal information.

For a family office to try and set everything up on their own can be ineffective and a waste of resources; outsourcing firms may help prevent those situations.


Outsourcing makes it easier for family offices to ramp up or down their operations. When things get busier or slower, the services provider adjusts staffing needs accordingly, as they already have the trained backups to perform the work and can be used and set aside at any time.

Outsourcing your family office’s operations can help you in other ways too, including less overall operational complexity for the organization, access to the latest technology, more time to focus on core competencies and increased reporting quality.

Empaxis investment operations statistic
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Empaxis outsourcing services for family office operations

At Empaxis, we focus on operations so you don’t have to. We believe your efforts should be on activities that will grow and preserve family wealth, and your operational costs should be minimized and your efficiency maximized.

We offer a fully customizable and highly cost-effective back-office accounting and reporting services that will ensure operational objectives are met. Services include:

  • Daily account reconciliation (transactions, positions, cost basis)
  • Customized consolidated reporting
  • GIPS compliant pre-tax/after-tax performance reporting
  • Cost basis updates
  • Private equity and alternative statement downloads and processing
  • Network hosting
  • Ability to work with data from any source

Let’s have a conversation

Want to learn more? Curious to see if there are opportunities to automate and cut your costs? Whether you’re ready to get started or simply exploring options for operations as a service, let’s chat. There’s no charge to you.

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