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A prominent UK entrepreneur manages assets through a modern, AI-powered platform while many families still rely on spreadsheets and filing cabinets. This technology gap isn't just about efficiency-it's about fundamental wealth preservation.

According to data shared by Bobby Console- Verma, CEO and co-founder of 1fs Wealth, 89% of wealth owners remain stressed about their wealth regardless of their net worth level. The culprit? They're drowning in disconnected spreadsheets, filing cabinets, and multiple logins to various platforms-none of which communicate with each other.

The Three-Pillar Problem

Console-Verma, an investment banking professional with extensive credit derivatives and private equity experience and who co-managed a PE fund before founding 1fs Wealth in 2020, identifies three fundamental challenges plaguing modern family offices:

1. The Visibility Vacuum: "Family offices are managing globally distributed assets-from Bordeaux vineyards to Singapore real estate to PE funds in Silicon Valley-yet nobody has a real-time, holistic view," Console-Verma explains. "It's like flying a complex aircraft with instruments from different manufacturers that don't communicate."
2. The Collaboration Catastrophe: Multiple generations, advisors, and jurisdictions create a Tower of Babel effect. Next-generation family members feel excluded, trustees operate in silos, and wealth managers duplicate efforts-all because there's no unified platform for controlled, secure collaboration.
3. The Legacy Lost: Perhaps most critically, the wisdom behind wealth creation-the stories, strategies, and values-evaporates with each generational transfer. "We're seeing families lose not just assets but entire philosophies of wealth stewardship," notes Console-Verma.

Enter Digital Wealth Intelligence

1fs Wealth represents a fundamental reimagining of wealth management technology. Built from scratch starting in 2020, the platform approaches wealth as a living ecosystem requiring real-time intelligence, not just periodic snapshots.

The platform's credibility is evident in its client roster including a prominent entrepreneur, a highly respected private bank and a strategic partnership with Apex Group (managing $3.5 trillion in assets). These aren't organizations that choose technology lightly.

What Makes This Different: The Technical Revolution

AI That Actually Works: The platform has integrated OpenAI to enable natural language portfolio interrogation. Family members can ask, "What's my exposure to European real estate versus my target allocation?" and receive instant, visual answers with actionable insights. As Console-Verma demonstrated to me, you can even ask the platform to analyze bond portfolio debt coverage and suggest alternatives.

The 500-Year Family Legacy Vision: The Heritage module allows families to record pivotal moments, investment philosophies, and governance principles. Voice messages from founders, video explanations of major decisions, and family constitution documents create an intelligent archive. The platform even reminds families to update these documents annually, ensuring the legacy remains current and relevant.

Bank-Level Security, Modern Innovation: Built on Google Cloud's infrastructure with enterprise-grade encryption, the platform offers security that satisfies institutional requirements while maintaining the agility to integrate with emerging technologies. Multi-factor authentication, role-based access control, and complete data encryption at all levels ensure that sensitive information remains protected.

Real Numbers, Real Impact

• Setup Time: One day for full portfolio upload versus weeks for legacy platforms
• Asset Coverage: 24 standard asset classes plus unlimited custom assets
• Access: Available on PC, iPad, iPhone, and even Apple Watch
• Collaboration: Unlimited users with controlled, role-based access

The platform reports that families using the system see significant reduction in time spent on administrative tasks and-critically-increased next-generation engagement with family wealth.

The Apex Synergy: A Complete Ecosystem

The strategic partnership with Apex Group creates something unprecedented: a single ecosystem covering everything from SPV formation to fund administration to GP introductions via Apex Invest.

As Martin McNulty from Apex explains: "Finally, we can show a family office their whole world-tax, admin on funds, liquid investments, and everything else in one place. We can have your audit firm and law firm and everybody just kind of come into one stop where's everything is connected."

Beyond Legacy Systems: The Modern Advantage

Unlike platforms built 15 years ago with architecture that now shows its age, 1fs Wealth benefits from modern development approaches:

• Intuitive Design: Created for wealth owners, not just CFOs and accountants
• Transparent Pricing: No hidden add-ons or surprise costs
• Global Focus: Deep understanding of global wealth structures and regulations
• Next-Gen Features: Mobile-first design that engages younger family members

"We looked at existing solutions back in 2019 and 2020," Console-Verma explains. "They weren't what we were after. We wanted a very clean interface to view wealth and a collaborative model that you could use intuitively but also drill down and dissect assets through."

The Philosophy: Wealth Without Friction

"I categorize life into three elements," Console- Verma shares. "Health right at the top-you can't do anything without health. Then family and friends, and then wealth. When you're stressed about wealth, it feeds into your health in a negative way and affects your relationships." This philosophy resonates particularly with modern family offices facing unprecedented complexity. Between ESG mandates, cryptocurrency integration, multi-jurisdictional compliance, and next-generation expectations, the old tools simply don't suffice.

Real-World Implementation

Smart Alerts That Matter: The platform sends automated notifications via SMS, WhatsApp, and email for critical events:

• Insurance policy renewals
• Document expirations
• Risk tolerance breaches
• Investment opportunity deadlines

Intelligent Document Management: Every asset can have unlimited documents attached, all searchable and tagged with expiry dates. As Console- Verma demonstrated: "If there's a document that has an expiry date or requires renewal, the platform will provide you with an alert that this particular document needs to be renewed. It's particularly useful for insurance policies but can be used for a range of other documentation."

Controlled Collaboration: Family offices can grant specific access to advisors for relevant assets only. An advisor managing European real estate doesn't see the PE portfolio, maintaining privacy while enabling efficiency.

The Bottom Line: Evolution or Revolution

The family office landscape is at an inflection point. With 125,000 companies seeking new ownership annually in Germany alone (as reported in this HORIZONS), the complexity of wealth management is only increasing.

As one client noted during their transition: "We spent years using spreadsheets and multiple systems. This platform gave us in one day what we'd been trying to build for five years."

Experience It Yourself: Book Your Demonstration

See your entire portfolio visualized in real-time, experience AI-powered portfolio analysis, and explore the Heritage module for legacy planning.