WILTON, Conn., April 9, 2012 /PRNewswire/ -- Private Client Resources, LLC (PCR), the premier provider of private wealth aggregation and data-driven solutions for wealth managers, advisory firms, family offices and private banks, has announced the launch of an expanded version of the company's award-winning Palette Platform™ to meet the growing needs of advisors seeking partially outsourced service solutions. PCR's hybrid solution, unique to the marketplace, will give advisors full control over their manual data entry while providing privileged access to institutional-level aggregated electronic feeds and custom reporting.
"Making the jump to a fully outsourced data aggregation and reporting platform is a process that can be daunting for many advisors. Some are adverse to change, while others fear they will lose control of the culture, systems and processes they have developed internally. With our hybrid solution, advisors can leverage the benefits of both our software and service," said Robert Fiore, President and CEO of PCR. "By evaluating how each client currently manages their data and aggregation, PCR is able to develop a custom integration that is uniquely scaled to their needs."
PCR designed the hybrid solution as a made-to-measure service tailored to the needs and goals of the advisor. This expanded offering gives advisors many of the benefits of outsourcing, while allowing them to retain the control of certain internal operations and processes at their firm.
Advisors can now utilize PCR's premium services in one of two ways: 1. Full Outsourcing; 2. Complete Technology Package with Electronic Feed Aggregation (where the advisor manages its alternative investments). The hybrid solution provides PCR's proprietary institutional-level capabilities at a fraction of the cost of its full outsource solution and is competitively priced against software offerings. "You get award-winning technology combined with service at a price that rivals the cost of software alone," Mr. Fiore said.
"The hybrid solution is truly the best of both worlds. Some of our clients have requested the ability to manage certain assets, and whether the reason is cost, control, or they're simply not ready to completely outsource their data aggregation, PCR's hybrid solution will meet their distinct needs," said Fiore. "Advisors should not be faced with technology that is an all-or-nothing proposition, when the reality is that a certain level of software and service can seamlessly integrate with their existing processes. PCR is deeply committed to providing wealth advisors with the scalable solutions that complement their existing infrastructure and allow them to adopt what they need, how and when they need it."
This comprehensive solution delivers robust capabilities, including high-quality aggregated data, premium reporting, multi-currency, research, risk analytics, CRM integration, invoicing and more. Additionally, PCR offers unique expertise with alternative investments. PCR's Palette Platform allows users to access only those capabilities they need and want to support their business, creating a completely customized and pre-integrated platform for many segments of the wealth management industry. With PCR, advisors can deliver to their clients the highest level of reporting and service.
For more information about PCR, please contact Jami Schlicher at 973-850-7309 or [email protected].
About Private Client Resources:
Private Client Resources (PCR) is an award-winning solutions provider serving Private Banks, Family Offices and RIA firms. Headquartered in Wilton, Conn., PCR is a value-driven service partner committed to positioning clients for sustained growth. For more information, visit www.pcrinsight.com.
SOURCE Private Client Resources, LLC