Technology

PCR Integrates Data Aggregation Services With Private Wealth Systems

Tom Burroughes Group Editor August 20, 2019

PCR Integrates Data Aggregation Services With Private Wealth Systems

The move will accelerate a push into markets for the Americas and EMEA, the organizations said.

Private Client Resources and Private Wealth Systems have partnered so that PCR's global data aggregation services are integrated with PWS’ portfolio accounting and investment reporting platform for family offices, private banks, and global asset managers. 

The pact will drive expansion through the Americas and Europe, the Middle East and Africa.

The partnership combines PCR's electronic aggregation offering with PWS’ investment reporting platform.

"Over the past twenty years we have long respected PCR's business serving family offices and private banks around the world. Their system has proven to generate operational efficiencies in capturing data from multiple sources, especially physical statements and private investments. Leveraging PCR's capabilities will free our team to focus on our core accounting, analytics and reporting capabilities – rather than creating data feeds and processing statements", Craig Pearson, CEO of Private Wealth Systems, said. 

Both firms recently announced international expansion initiatives in Europe and the partnership will accelerate the availability of their services in the region, they said.

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes