Just a dozen years ago, the Crypto community was virtually unknown to the rest of the world. The number of these people has shrunk substantially, but it's still there. As far back as when its skepticism was called into question, speculation arose about its pseudonymous creator, and a possible ban was spotted, India has come a long way toward disclosing it in IT returns in April of 2022.

The oxford dictionary defines ‘Empathy’ as ‘the ability to understand another person’s feelings, experience, etc.’ In very simple terms, it is the awareness of the feelings and emotions of other people. Empathy forms a key element of Emotional Intelligence – the link between self and others – because that’s how we, as individuals, understand what others are experiencing as if we were feeling it ourselves. To cite an example, a friend goes through a personal loss, and we empathize with her by understanding her need to cancel our upcoming plans, taking time for her personal affairs. In another case, we might feel equally excited for a friend who’s just announced she’s been promoted at work.

Introduction Technological advancements in wealth management have come a long way since time immemorial, transforming the industry into assisting clients in meeting their needs with dire accuracy. Family Offices are bound to deal with the apprehension of keeping sensitive data of their clients private and dodge the normalized trend of making information public in the era of the internet. Since software applications can now provide clients with individualized wealth management advice through recent breakthroughs in big data, machine learning, and artificial intelligence, it can be challenging for family offices to vindicate themselves while laying parallel to the realm of technology. For instance, it's no discovery that providing wealth management services to a family involves the administration of funds and investments. Yet furthermore, it is crucial to consider the factors behind the kind and level of technology that previous generations might have used while managing wealth. This is an essential practice to consider for family offices so that the degree of technological change is not entirely beyond the understanding of their clients. Moreover, through this practice, the clients know the path being chosen to supervise their funds. Let us take a look at how technology has played, plays, and will continue to play an imperial role in the wealth management industry.