The Family Office AI Divide: Clean Data Decides Who Wins | Ethan Bonar, CFO Family

Ethan Bonar, Founder and CEO of CFO Family, joins host Mark Wickersham to explain why family offices must own and clean their data before they adopt AI. Mark and Ethan discuss data sovereignty, vendor due diligence, and the future of family office technology. In this episode, Ethan and Mark explain why about half of family offices still rely on Excel and the key-man risk that creates. They discuss why family data should stay portable, exportable, and owned by the family. They also cover how AI changes vendor selection, why AI adoption is a governance decision, and why family offices will split into two groups over the next 12 to 18 months. What you will learn Why data ownership and a written vendor exit plan come first Three due diligence questions to ask any AI vendor The most common mistakes firms make when they adopt AI The three layers of a modular family office: governance, data, and advisory team Why clean data decides which firms benefit from AI 📢 Connect with Us: 🔗 Ethan Bonar: https://www.linkedin.com/in/ethanbonar/ 🔗CFO Family: https://cfofamily.com/ 🔗 Mark Wickersham:  https://www.linkedin.com/in/markwickersham/   🔗 WealthTech Podcast:  https://www.thewealthtechpodcast.com/ About The WealthTech Podcast: The WealthTech Podcast is bi-monthly family office technology and best practices focused podcast hosted by family office technology expert Mark Wickersham. Mark interviews the movers and shakers in the family office and wealth management industries sharing their years of experience and insights into the topics that are important to the industry. The podcast is produced by Brad Oliver. The WealthTech Podcast is brought to you by the generous support of Asseta AI.  About Asseta AI Asseta AI is The Intelligent Family Office Suite™, a purpose-built accounting and bill pay platform designed for family offices managing complex, multi-entity wealth. Asseta AI brings modern architecture and intuitive design to a market long underserved by traditional enterprise systems. To learn more please visit www.asseta.ai Disclaimer The information provided on The WealthTech Podcast is for informational and educational purposes only and should not be construed as financial, legal, or investment advice. All opinions expressed by guests and hosts are their own and do not reflect the views of their employers, affiliated organizations, or sponsors.  The WealthTech Podcast makes no representations as...