V-Rooms has launched the Family Office Vaults solution to address concerns about cyber security and the exchange of sensitive personal and financial information for the families of ultra high-net-worth individuals.

Wealthy families need an encrypted system through which they may carefully exchange confidential information with their extended family members, attorneys, CPAs, insurance agents, investment consultants and others.

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Administrators of Family Office Vaults are able to provide granular access to documents such as bank statements, deeds, registrations, health records, contracts and other sensitive information only to those approved parties inside and outside the family.

V-Rooms founder and CEO Dan Bradbary said: "Recognizing the growth and concerns of family offices over the past few years, we are pleased to offer a secure document sharing platform that addresses these concerns. We are in our 10th year of providing our solution for financial, legal and corporate professionals and look forward to extending our solution to family office professionals."

In essence, a Family Office Vault is a document repository that is an important part of a family’s information and knowledge initiatives.

In today’s world of global competition, it is essential that a family gets its information management strategy right and is able to exchange necessary information on a worldwide basis.

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In addition, features are available to control who can upload, view, print or download different files and groups of data files, even with the ability to Undo access to files previously downloaded.

Documents stored in Family Office Vaults can be accessed over the Internet 24 hours a day, 7 days a week, with access to documents, folders or libraries controlled on a per-user basis.