WILTON, Conn., Feb. 14, 2013 /PRNewswire/ -- Private Client Resources (PCR), a leading outsourcing provider of private wealth reporting and integrated technology, and a major competitor of both Advent Software and Envestnet, has been named "Most Innovative Private Bank Provider" by Private Asset Management (PAM) magazine. The annual awards identify leading investment professionals, wealth advisors and service providers operating within the private asset management industry.
This is the second year in a row that PCR has received the prestigious "Most Innovative Private Bank Provider" award from PAM magazine. This year, the firm was nominated for awards in seven different categories. PCR, along with all of the other nominees, was selected by an independent panel of industry experts, based on key criteria and performance indicators, including financial progress and stability, growth in clients and internal hires, client satisfaction and industry innovation. A complete list of this year's award categories and nominees may be found online.
"Innovation is required to change marketplaces. This is how orthodoxies get replaced and competitive advantages are gained," says Robert Fiore, President and CEO of PCR. "Aggregation and private wealth reporting have reached a tipping point, with innovation fueling the way. When you look at today's private wealth businesses you find that more of them are turning to outsourced specialists like PCR—and for compelling reasons."
The 2013 PAM Awards were hosted by Private Asset Management, with winners selected from leading firms in the wealth management and advisory community based on their work with the high-net-worth community. The winners of this year's PAM Awards were announced at a dinner and presentation ceremony on Tuesday, February 12, at Cipriani in New York City.
Private Client Resources is an award-winning private wealth reporting solutions provider serving RIA Firms, Family Offices and Private Banks. PCR's services and proprietary Palette Platform™ system deliver a broad range of capabilities and customized solutions, including high-quality aggregated data for both traditional and alternative investments, premium client reporting with full multi-currency, interactive dashboards, document management, research, risk analytics, CRM integration and invoicing.
Headquartered in Wilton, Conn., PCR is a value-driven service partner committed to positioning its clients for sustained growth.
For more information, please call (203) 762-9006 or visit www.pcrinsight.com.
About the PAM Awards
The PAM Awards are awarded annually by Private Asset Management, a financial services industry trade publication. The PAM Awards invites firms to compete for awards in several categories by providing answers regarding their business model, services offered, growth in client count and assets managed, countries of operation, service innovation, and performance. In addition, The PAM Awards permits firms to provide additional information of their choosing in support of their candidacy. A panel of independent industry experts selects the nominees and winners based on a number of qualitative and quantitative performance indicators. The PAM Awards do not release statistics on the number of firms competing. Nomination or receipt of a PAM Award is not necessarily indicative of any particular client's experience or a guarantee that the firm will perform in the future as it did during the period evaluated by The PAM Awards.
For more information on Private Asset Management (PAM) Magazine, please visit www.pammagazine.com.
SOURCE Private Client Resources