At a glance
- Offices are using the tools to summarize complex topics, research investment opportunities, compare legal agreements and draft communications and legal materials.
- Public tools can create a false sense of privacy, and information entered may be retained, the report said.
- For trustees, the policy question is which tools are approved and who answers for their use.
Many family offices are using public AI applications before deciding who may use them, FO Pro — The Family Office Professional — reported on Nov. 4.
Offices are using the tools to summarize complex topics, research investment opportunities, compare legal agreements and draft communications and legal materials. The same offices hold trust documents, estate plans, tax records, investment strategies and family governance materials.
Public tools can create a false sense of privacy, and information entered may be retained, the report said.
For trustees, the policy question is which tools are approved and who answers for their use.
Reported by the Governance & Succession desk from FO Pro — The Family Office Professional. Published . Corrections