PCR Partners With Alternatives Investment Reporting Firm

Tom Burroughes

20 March 2018

Private Client Resources, a business pulling together data for clients such as private banks and ultra-high net worth families, has partnered with Dynamo Software, which provides investment management and reporting solutions for sectors such as hedge funds and private equity.

The partnership combines PCR’s data aggregation capabilities with Dynamo’s investor servicing, manager research, and performance measurement capabilities.

PCR says there is great potential in automating how illiquid assets held by ultra-high net worth families are consolidated into an easy-to-use way. The stakes are high, because half of UHNW holdings are in illiquid investments and at present, accounting and analysing such assets has to be done by hand, raising risks of mistakes.

“Dynamo serves some of the largest and most prominent institutional and ultra-high net worth investors in the world, representing over $3 Trillion in assets on the platform,” Krassen Draganov, founder and chief product officer of Dynamo, said “By combining PCR’s turnkey total wealth aggregation capabilities with our own data and workflow driven research and reporting solutions, Dynamo’s clients can save significant time and resources in getting the right information to the right people - quicker, easier and with less error,” Draganov said.

PCR chief executive Robert Miller recently told Family Wealth Report that it predicts its aggregated assets will double to around $500 billion in the next 18 months. The firm serves a total of about 2,500 families, collectively holding about $250 billion of assets, out of a potential North American total of 72,000 families with $13 trillion of wealth.