To operate a successful business effectively and efficiently, you need to have relevant and accurate information regarding the performance of the business. In this article, Founder and CEO of S.I. Williams Wealth Management, LLC, Sherilyn Casiano, discusses how the Dynamic Wealth Information Management Business Solution – DWIMBS – was born and how it addresses the real operational efficiency needs of the family office as a whole.
In previous articles, both in The European Financial Review and The European Business Review, I’ve shared some of my story and my core belief that information management is the key to effective wealth management and preservation. In this article, I’m going to talk about how having the right marriage of process and technology for information management, i.e., doing the right things at the right time in the right way, dramatically reduces the cost of operations and exponentially increases operational efficiency in any business and – in particular – in the family office.
But before I dive in, you may be wondering what qualifies me to speak about such matters, especially if you have missed my other articles for The European Financial Review and The European Business Review. My name is Sherilyn Casiano and I am the CEO of a multi-family office in New York City, catering exclusively to the complex needs of investment bankers and venture capitalists. Before that I was in charge of operations for the personal wealth group at KKR (Kohlberg Kravis Roberts & Co.). I also have been hired as a consultant on several occasions to help struggling family offices and estate planners sort out wealthy families’ finances.
For me, everything starts with information. To operate a successful business effectively and efficiently, you need to have relevant and accurate information regarding the performance of the business. To ensure that you have that information, you need a process to effectively collect, verify, and manage all the information that affects your business’s performance. This is especially true for the creation of an effective and efficient single family office. And if it’s not in place, forget about having an effective and efficient multi-family office.
About the Author
Sherilyn Casiano is the Founder and CEO of S.I. Williams Wealth Management, LLC, in New York City. She holds an MBA from Columbia University. She was a key member of KKR’s personal wealth group service for the New York general partners. She has headed her own multi-family office for 14 years. For further information about her Dynamic Wealth Management SystemTM and her family office software or for help with establishing your own dedicated family office, call (212) 886-9078. Look for her soon-to-be released book, Take Back Control, for a more complete guide to establishing your own family office.
