The family's records should not be training anyone's model.
A family office holds trust instruments, estate plans, deal files, personal records, and correspondence the family would never want outside the office. There is often no regulator forcing the question, which is exactly why it goes unasked. The risk is staff using consumer tools on family material because nobody told them not to.
A written policy governing how staff may and may not use AI with family material. A tool matrix. A data handling standard organized by sensitivity, from routine administration through the documents that must never leave the office. Training for staff and advisers.
For most family offices this is the natural endpoint. A private system on hardware the family owns, answering questions from the family's own records, with no data leaving the premises and the family's own administrator holding the keys.
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