Hopewell Capital Corporation (“HCC”), established in the mid-1990s, is approaching its 30th anniversary. From its inception, the entire Hopewell group has embraced a philosophy it calls “happy money.” It’s a belief that drives them to create mutually beneficial, long-term partnerships where all parties thrive. As HCC’s assets under management expanded across multiple asset classes, it became increasingly difficult to track them all using manual methods. This case study delves into how MyFO helped them gain a consolidated view of all assets to support better capital allocation and preservation decisions.

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The challenge

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Operating as the Manager for the Principal’s holdings, Hopewell Capital has evolved over nearly thirty years to manage a diverse portfolio that includes real estate, venture capital, private equity, and public market investments. While real estate remains the firm’s cornerstone, it has increasingly focused on higher-growth allocations like venture capital and private equity.

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As Hopewell Capital’s investment universe has expanded, the complexity of managing it has grown as well. This has led to several operational challenges:

• Fragmented systems: HCC used Excel spreadsheets, Word tables, and Outlook diary reminders to track its investments.
• Limited visibility: Decision-makers lacked a consolidated view of the family’s full holdings, making capital allocation more difficult.
• Manual bottlenecks: Updating cost bases, valuations, and classifications depended heavily on individual staff members, creating operational risks.

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Like many family offices reaching a certain stage of maturity, HCC recognised that the tools that had served them well for decades could no longer continue with them into the future.

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Searching for a solution

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HCC decided to look for a technology partner due to a desire to centralise and future-proof the family office’s investment infrastructure. Furthermore, it set out a straightforward criteria:

• Centralisation: It needed to consolidate diverse asset classes into one system.
• Categorisation: It needed assets categorised properly and visible for decision-making.
• Cost: It needed a solution that would deliver value at a reasonable cost.

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Before choosing MyFO, HCC considered another solution, but it had a six-figure price tag. So, instead, the firm turned to MyFO, a platform which came highly recommended in the industry. This word-of-mouth endorsement, combined with an accessible price point and a strong impression made by MyFO’s founder and team, ultimately sealed the deal.

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A smooth transition

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HCC’s accounting team oversaw much of the initial setup. That ensured that institutional knowledge was transferred into the system. Today, the office has completed the transfer of cost bases and is actively adding valuations and working through classifications.

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While the transition has temporarily increased workloads, there is a clear roadmap: once migration is complete, HCC expects significant efficiency gains and sharper decision-making capabilities.

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The impact

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MyFO is already making an impact, even though the firm is still in transition:

• Transparency: For the first time, HCC is building a consolidated, real-time view of the Principal’s investments.
• Confidence in decision-making: Leadership has greater clarity on allocations, allowing more precise capital deployment.
• Future efficiency: Once migration is fully completed, workflows are expected to become far leaner, freeing up time for strategic focus.

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HCC’s leadership acknowledges that implementation naturally involves challenges, but the overall experience has been positive. The MyFO team is responsive, and their product roadmap aligns with HCC’s needs. Furthermore, HCC feels that there is a sense of growing alongside the platform.

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Lessons learned

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For other family offices considering a similar journey, Hopewell Capital offers three key lessons:

• Expect a transition period: There will be additional work upfront as systems are migrated. The long-term payoff comes once the full dataset is centralised.
• Involve the right people: Having a dedicated project leader or team member managing migration ensures continuity and reduces disruption.
• Think long-term: The benefits of a centralised platform are not immediate but compound over time, just like the investments it helps manage.

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To sum it all up

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Looking ahead, Hopewell Capital aims to continue centralising all investment data within MyFO. In addition, it plans to take advantage of some of the upcoming features on the platform.

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HCC, and the work it does for its Principal, embodies a familiar family office story as it enters its fourth decade. Starting with one asset class, it is growing into many, and reaching a point where operational technology must catch up to its investment ambitions. Therefore, with MyFO by its side, Hopewell Capital feels confident that it has a partner aligned with its values, growth trajectory, and philosophy of “happy money.”

Read the full casestudy on andSimple.ca

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