Both firms are at the center of changes in how information on investments and wealth is reported to clients such as high net worth individuals and family offices.
A pair of high-profile firms providing data and information to the wealth management sector are forming a new partnership.
Private Client Resources has partnered with FundCount to offer a managed data solution within the FundCount platform. FundCount offers accounting, investment analysis and reporting software for a range of customers.
PCR’s TotalWealthStream™ platform will be integrated with FundCount’s general ledger capability.
“By seamlessly integrating with PCR’s TotalWealthStream, clients can easily access hard-to-collect data from a centralized platform to streamline accounting and reporting,” Mike Slemmer, chief operating officer, Americas of FundCount, said.
The deal means FundCount is working with a firm that says that more than $250 billion of assets are delivered to its various platforms. In the case of FundCount, organizations such as multi-family offices, private equity houses and others with assets of more than $125 billion use its reporting systems.
Senior figures from both firms spoke at a Family Wealth Report conference held earlier this year in New York to discuss wealth technology issues.