• Managing a large number of real estate;
• Reading extensive analytics; 
• Monitoring investment performance;
• Submission of financial documentation to government agencies;
• Timely payment of all taxes, etc.

That is why they need a variety of specialized services that would make their life easier. As the experience of managing the affairs of wealthy families shows, the most effective option is management from a single center. This role has been taken on by family offices, which coordinate many aspects of the lives of affluent families. 

What Is the Purpose of Family Offices?

Family offices are created to provide comprehensive assistance to wealthy families to the extent that clients need it. Sometimes, it is enough to give professional advice on some legal, financial, or other issues, and sometimes, family offices need to take full responsibility for some issues, for example, managing an estate. With the help of family offices, wealthy families free up time for personal activities, open up new perspectives, and gain a sense of security that all family matters are carefully managed.

Certuity Company is a well-known high-net-worth family office https://certuity.com/family-office/ in the USA, whose experience is based on managing the affairs of many affluent families. The Certuity team emphasizes the need for a holistic yet personalized approach to each family. Only in this way can a family office contribute to the development of family well-being and the implementation of the plans of all family members.

Types of Family Offices

When choosing a family office to entrust your finances and other affairs to, you will encounter different types of companies. Some are focused only on serving one family, while others have many clients. At first glance, it may seem that Single-Family Office (SFO) is better and more prestigious. But later, you will see that the Multi-Family Office (MFO) has many more opportunities, contacts, and experience, which makes it easier to cope with all your tasks. In addition, SFO is an operationally expensive option and will require significant expenses from your family. On the other hand, an MFO will perform all the same functions but for a significantly lower fee. Therefore, you need to determine in a family meeting what your priorities are and which partner you prefer to manage your affairs.

Comparison of Single-Family Office and Multi-Family Office

In addition to these two main types, you may encounter others that are less common. In particular, Denise Kenyon-Rouvinez and Jung Park, who study trends in the development of family offices, add the following types:

• IFO — institutional family office 
• PFO — professional family office 
• CFO — commercial family office 
• EFO — embedded family office 
• VFO — virtual family office 

What Services Does a Family Office Provide?

The range of services that Multi-Family Office offers its clients depends on their requests. The standard list of services includes wealth management, financial planning, investment strategy development, consolidated reporting, estate planning, etc. But this list can be expanded to include other services that the family needs. For example, Certuity Company offers its clients philanthropy coordination, preparing the next generation to manage family affairs, and much more. 

Management and Coordination of Financial Affairs

This group of tasks includes many issues related to financial planning, allocating investments, monitoring their execution, etc. A family office provides access to multiple investment opportunities, monitors promising projects, studies their reliability, etc.

Reporting and Tax Payment

Preparation of financial reports is a very painstaking and responsible job. The slightest mistakes can lead to severe punishment. Therefore, the help of professionals on these issues is extremely important.

Estate Planning

Correct transfer of inheritance is vital not only for preserving all family assets, peace, and harmony in the family. Since significant assets are being transferred, it is necessary to develop the optimal plan on how to do it in terms of paid commissions. This way, you can increase the share of the fortune that goes to the heirs and reduce the share of related payments.

Family Wealth Education

For younger generations to become reliable successors to the family business, they must undergo comprehensive training. The family office will teach them about strategic planning, sound investment management, fair distribution of assets in the family, and many other issues that they will deal with in the future.

Philanthropy Coordination

Many wealthy families are engaged in charitable activities. However, to spend finances effectively, it is necessary to control funds allocated for philanthropic projects. Otherwise, they may go into the pockets of scammers who will only imitate the activity. The family office assists with the planning, organization, and execution of charitable projects so that the family’s philanthropic goals are achieved.

You can approach a family office with a different range of tasks. The team that will serve your family will be formed based on your goals and needs. Even if you are not going to completely transfer the management of investments to an MFO but simply need advice, specialists of the company will be happy to help you. When you know that you can rely on a team of professionals, you will feel more confident and gain peace of mind. Your property, investment projects, and numerous assets will be under the reliable management of an experienced team trusted by many other wealthy families.

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How Does AI Software Differ from Conventional One?

The evolution of AI technologies since 1956 has reached a stage where society and various industries can greatly benefit from their use. If before the beginning of the 2010s, AI needed further help and support from developers, now it never ceases to amaze with its capabilities. It’s like when a small child suddenly starts talking, and the parents are surprised at how much the kid learned during this time. What is the difference between AI-based software and traditional software that makes it a separate branch of computer science?

Comparative Table of AI and Traditional Software

The Director of the Institute for Internet Governance in Oxford, Nick Bostrom, very wittily noted the difference between traditional software and AI. In his book on Superintelligence, he wrote that everything that amazes and impresses us, we tend to call AI. When we get used to certain possibilities, we call it software, no longer experiencing the same delight.

To summarize, the main factor that made the breakthrough possible was the improvement of AI’s ability to learn from experience. It is this quality that opens up endless possibilities for its further development since it can endlessly adjust to new inputs. Varying the data that AI operates changes its conclusions and decisions, which means humanity has received a universal tool that can be adapted to perform different tasks.

What Is Needed to Develop AI Software

To create AI software with unique characteristics that can significantly expand the capabilities of your business, you need a special team of developers. Because to develop AI software many technologies and powerful capabilities are needed:

• Cloud Computing
• Advanced Algorithms
• Natural Language Processing (NLP)
• The Internet of Things (IoT)
• Big Data & Analytics
• Application Programming Interfaces (APIs)
• Graphical Processing Units
• Computer Vision

Capitalize on AI Advancements with CHI Software 

All these technologies and much more is the area of expertise of the CHI Software development team. Formed back in 2006, when successes in the development of AI were not yet so obvious, the company acquired a huge baggage over the 17 years of its active involvement in various projects:

• Extensive experience in developing AI-based applications for various industries;
• A friendly team of talents from different countries, which currently numbers more than 800 professionals;
• Many awards and certificates, including ISO Certification;
• Reliable partners ready to participate in joint projects;
• An ever-growing network of grateful clients;
• Many original ideas that are waiting for the right moment to be implemented;
• Offices in various countries around the world, including Ukraine, the USA, Poland, Spain, Japan, and the Republic of Cyprus.

If you want to build AI software for your company with real experts in this field, pay attention to the unique projects of CHI Software, which have provided invaluable assistance for various industries.

4 Key Steps to Build AI Application

If you want to replicate human thinking with AI, you will need a great team of developers, a lot of data related to your company’s activities, powerful computing resources that are provided by the AI software development provider, and much more that the developer will take care of. The entire process of creating AI software will consist of 4 key stages, differing in the main task that will need to be solved during its implementation.

1. Preliminary Stage: determining the purpose of creating AI software and the tools that will be used, researching existing projects, etc. At this stage, the composition of the team and the tasks of each of its members are planned as well.
2. Field Stage. This is the main stage during which model learning is carried out based on correctly prepared data. To build AI application that will meet your business objectives, engineers need to select the necessary raw data, upload it, correctly annotate it, etc. After this, they begin to train ML models using various effective techniques.
3. Evaluation Stage. Before deploying the model, developers need to understand whether it is possible to stop training it at this stage or whether to launch another cycle. To do this, a Minimum Viable Product (MVP) is created, which is assessed by the customer in terms of meeting their expectations. After this, further product improvements are made, and the final version of the software is prepared.
4. Final Stage. Launching AI software does not mean that it will remain unchanged for the entire duration of its operation. Since the developer takes responsibility for further support of the AI software, its performance can subsequently be optimized, as well as functionality expanded as necessary.

Following these stages, CHI Software has helped many companies improve their business and become leaders in their industries. Take advantage of the edge that AI software provides businesses, and you will open up even more amazing horizons.

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Software development involves the process of creating software that solves a particular problem. In the case of working with news servers, a special tool may be required to work with these servers conveniently and efficiently.

Creating a tool to work with news servers starts with defining the requirements and functionality. For example, the tool may provide the following basic functions:

Server connectivity: the tool should provide the ability to connect to the selected news server. This can be done using network APIs or libraries that support the NNTP protocol.

Viewing newsgroups: the user must be able to view the available newsgroups on the server. This can be implemented by querying the server and retrieving a list of groups.

View messages in newsgroups: the tool should allow the user to view messages in selected newsgroups. This can be accomplished by using NNTP protocol commands to request and receive messages.

Sending messages: the tool should provide the ability to send new messages to selected newsgroups. The user can enter the message text and select the group to post to.

Manage subscriptions: the tool may provide functions to manage the subscription list for newsgroups. For example, the user can subscribe to groups they are interested in or unsubscribe from groups they are no longer interested in.

Once the requirements have been defined, the development of the tool can begin. Various programming languages and development tools such as Python, Java, C++ or others can be used for this purpose.

The main task of the software developer is to efficiently implement the selected functions using the NNTP protocol. This may require knowledge about the NNTP protocol and its commands, as well as justifying requests and handling responses from the server.

An important aspect of developing such a tool is security. For example, user data must be protected from unauthorized access, and the connection to the server must be protected by an encryption protocol to prevent interception of messages.

Once the tool is finalized, testing should be done to ensure that the tool works and meets the requirements.

In summary, building a news server tool involves defining requirements, developing functionality, selecting a programming language and tools, implementing features, providing security, and testing. Creating such a tool can simplify and improve the user experience with news servers.

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SMTP (Simple Mail Transfer Protocol) is the standard protocol for sending e-mail. It is used to transfer messages from the sender to the recipient’s mail server. SMTP provides a delivery guarantee and also supports simple sender authentication.

POP3 (Post Office Protocol version 3) is a protocol that allows the recipient to retrieve messages from a server and store them on their device. POP3 is often used when you want to download messages from a server and store them locally, rather than leaving everything on the server.

IMAP4 (Internet Message Access Protocol version 4) is a protocol that allows the recipient to retrieve messages from the server, and manage them directly on the server. It allows you to synchronize your mailbox across multiple devices and stores all messages on the server.

NNTP (Network News Transfer Protocol) is a protocol that is used to read and publish messages to newsgroups. NNTP provides a decentralized way to access news servers and maintains synchronization with all connected servers.

Choosing the most appropriate protocol for programming depends on your specific situation and project requirements.

If your application provides the ability to send emails, SMTP is the best choice. It provides delivery assurance and simple sender authentication.

If your application requires downloading messages from a server and storing them locally, POP3 may be a better option. In this case, users will be able to access messages even without an internet connection.

IMAP4 is suitable when you need to synchronize your mailbox across multiple devices. It also provides the ability to manage messages directly on the server.

NNTP is useful if your application needs access to newsgroups and requires a decentralized way to read and publish messages.

Ultimately, the choice of protocol depends on the specific project and its requirements. It’s important to consider functionality, the types of operations required to accomplish tasks, and user needs. This will help determine the most appropriate approach for your programming needs.

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Before we start developing the program, we need to prepare the environment. To do this, we will need a programming language (such as Python), access to the Internet, and a library to work with the SMTP protocol.

To work with the SMTP protocol, we can use the standard Python smtplib library. If you are using another programming language, make sure you have the appropriate library to handle SMTP.

Before we can start sending emails, we need to connect to an SMTP server. Usually email providers provide information about the SMTP server and the port to connect to.

In order to send emails through the SMTP server, we need to authenticate. This is done using credentials (usually an email address and password). It is important to pay attention to security when storing and transmitting credentials.

Creating and sending the email
Now we are ready to create and send an email. To do this we will need the recipient’s address, subject line, text and possibly attachments.

Once all emails have been sent, it is important to close the connection to the SMTP server.

Creating a program to send emails using the SMTP protocol may seem like a daunting task, but libraries and code samples make it much easier. It is important to keep authentication and security in mind when working with credentials. We hope that this tutorial will help you successfully implement email sending functionality in your future projects.

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IMAP4 (Internet Message Access Protocol, version 4) is a protocol for receiving and managing e-mail messages on a remote server. It allows a client to access messages stored on the server and perform various operations on them, such as reading, writing, moving, and deleting.

There are several important aspects to consider when developing a messaging system via IMAP4:

Choice of programming language: IMAP4 can be implemented in various programming languages such as Java, Python, C++ and others. The choice of language depends on the project requirements and developer preferences.

Security: IMAP4 supports various authentication and encryption methods such as SSL/TLS. When developing a messaging system via IMAP4, it is important to ensure the security of data transmission by using appropriate protocols and encryption methods.

Connection management: IMAP4 supports the option of establishing a permanent connection to the server or using a temporary connection for each transaction. Depending on the project requirements and server performance, the appropriate connection management method should be selected.

Caching: IMAP4 offers the ability to cache messages on the client side. This improves performance when dealing with large amounts of data. When designing an IMAP4 messaging system, you should consider the caching capability and optimize this process.

Folder and message management: IMAP4 allows the client to create, rename and delete folders and perform various operations on messages. It is important to provide the ability to manage folders and messages in IMAP4 messaging so that users can organize their mail efficiently.

Error handling: IMAP4 returns error codes when operations are performed. When designing an IMAP4 messaging system, it is important to provide error handling to ensure stable and reliable operation of the application.

Testing: Testing the IMAP4 messaging system is an important part of development. Testing should be done on different server and client configurations to ensure that the system is stable and error free.

In conclusion, IMAP4 messaging system development is a complex and multifaceted process. Choosing the right programming language, security, connection management, caching, folder and message management, error handling and testing are all aspects to consider when developing an IMAP4 messaging system.

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SMTP services provide businesses with a number of benefits. First of all, they offer a reliable and scalable solution for sending large volumes of email. SMTP services are designed to handle large volumes of traffic and ensure that emails are delivered to recipients quickly and reliably.

Here are some of the key benefits of using SMTP services:

• Improved email delivery. SMTP services are designed to optimize email delivery speeds, which means more of your emails will reach recipients.
• Cost-effective: SMTP services can be more cost-effective than using an internal email server because you only pay for the number of emails you send and don’t have to worry about maintenance or hardware costs.
• Advanced Tracking and Reporting: Many SMTP services offer advanced tracking and reporting features, allowing you to see who opened your emails, which links were clicked, and other important metrics.
• Enhanced security: SMTP services often have advanced security features such as encryption and two-factor authentication to protect your emails from cyber threats.
• Automation capabilities: Many SMTP services offer automation capabilities, allowing you to set up automated email campaigns or trigger emails based on specific events or actions. Integration with other tools: SMTP services often integrate with other marketing tools, such as CRM software and marketing automation platforms, making it easier to manage your email campaigns and track their performance.
• In addition, SMTP services offer a number of features that can help businesses optimize their email campaigns. For example, many SMTP services offer tracking and analytics tools that allow businesses to monitor the success of their campaigns and make data-driven decisions about how to improve them.

SMTP services can also help companies ensure that their emails are delivered to the inbox, rather than being marked as spam or sent to the junk folder. By following best practices and using advanced delivery tools, SMTP services can help businesses improve their email deliverability rates and maximize the impact of their campaigns.

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Create a draft of the user interface/design
The good news is that you don’t need a very unique or customized design to create an SMS messaging app. Instead, it’s better to focus on the technological advantages it has and the data security; but you still need to develop the design and user interface. Focus on clarity and intuitiveness.

Use an off-the-shelf API
How can you build an extensive SMS application cheaper? In this situation, using an API can be a successful strategy. An application programming interface, or API, is a ready-made piece of code that can be used to build an app, reducing development costs and time.

Basic functions of building
It is enough to develop a feature that allows users to create an SMS and send it to many different people to build the structure of a bulk SMS service. As a core capability, you should test it thoroughly in the next step.

Keep improving your program
After making sure that your bulk SMS software is working properly, keep improving it by following the advice of your users or staff.

How to make money with a bulk SMS service app

There are three ways to make money with bulk SMS services.
Subscription: The easiest and most effective way to make money with a bulk SMS app is through a software-as-a-service model. Create a variety of membership plans based on the features your app offers or the number of SMS users can send with it.

Sharing APIs: If you’ve fully customized your bulk SMS software, you can also create an API and sell it to business owners who want to build SMS sending apps. Besides, this strategy goes hand in hand with the one mentioned earlier.

For internal use: Finally, you can run your SMS marketing campaigns internally using your software instead of paying for a subscription to a third-party program. In addition, a custom program gives you the ability to add any advanced features your company needs at any time and customize it as closely as possible to your unique use case.

The popularity and usefulness of SMS marketing will not diminish. Give your customers the opportunity to take advantage of the bulk SMS program you’ve created, as many companies are finding this option to be beneficial and cost-effective all at once. To assist you in creating the best SMS service, our technical staff will gladly provide the best development methods.

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The MailSystem library is very easy to use and includes support for several important email-related features. It includes support for SMTP, POP3, IMAP4, NNTP, MIME, S/MIME, OpenPGP, DNS, vCard, vCalendar, Anti-Spam (Bayesian, RBL, DomainKeys), Queueing, Mail Merge, and much more. It also provides support for a mail queue system, as well as support for individual requests of all types,

The MailSystem library is very easy to use and includes support for several important email-related functions. It includes support for SMTP, POP3, IMAP4, NNTP, MIME, S/MIME, OpenPGP, DNS, vCard, vCalendar, Anti-Spam (Bayesian, RBL, DomainKeys), Queueing, Mail Merge and much more. It also provides support for a mail queue system, as well as support for individual requests of all types.

There are several important features related to Simple Mail Transfer Protocol and Post Office Protocol 3, such as support for message counting, mailbox size display, downloading the entire message or just the header, secure authentication, embedding images, sounds or videos, sending emails directly without an SMTP server, using HTML and text emails, improved caching performance, and much more.

The MailSystem.NET library includes functions for creating and sending email messages using C# .NET code. The library contains many features and provides several important ways to send email messages, such as sending an email message with an attachment, sending emails to multiple users, sending messages asynchronously, sending encrypted email messages, sending emails to multiple recipients, sending with multiple bodies, sending emails with or without an SMTP server, and much more.

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1. Cost-effective : Bulk SMS services are very cost-effective compared to traditional advertising methods such as print, radio, or television advertising.
2. High open rates: SMS messages have a high open rate, with over 90% of messages being read within 3 minutes of receipt.
3. Personalized messages: Bulk SMS services allow businesses to send personalized messages to their customers, which can help build stronger relationships with them.
4. Wide reach: With bulk SMS, companies can reach a large number of customers in a short period of time, making it a very effective marketing tool.
5. Instant delivery: SMS messages are delivered instantly, which means that companies can communicate with their customers in real time.
6. Easy to track: Bulk SMS services provide detailed analytics and tracking tools that allow businesses to measure the effectiveness of their SMS campaigns.
7. Opt-in/opt-out: Bulk SMS services allow customers to opt-in or opt-out of receiving messages, ensuring that companies only send messages to customers who are interested in their products or services.
8. Customizability: Bulk SMS services are customizable, allowing businesses to tailor their messages to specific customer groups based on demographics, location, and other factors.

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