Private Client Resources Continues Accelerated Growth in 2012

WILTON, Conn., Feb. 28, 2012 /PRNewswire/ -- Private Client Resources, LLC (PCR), the premier provider of private wealth aggregation and data-driven solutions for wealth managers, advisory firms and family offices, has announced the continued adoption of its open architecture services have increased assets on their system by more than 220 percent in 2011. The growth in assets is the result of both new client acquisitions and the continued success of PCR's existing client base, including private banks and RIA firms.

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PCR's exponential growth has been fueled by the evolving need among wealth advisors to outsource integrated data aggregation and client reporting. Multiple platforms running without integration can lead to inefficiencies and drain a firm's administrative, technology and financial resources. By integrating the industry's leading data aggregation, premium reporting, CRM, risk analytics and planning offerings into its platform, PCR is able to deliver a fully customizable solution to meet the unique needs of each client.

"Our driving focus is to provide wealth advisors the tools to grow their business," said Robert Fiore, President and CEO of PCR. "By removing the obstacles that can hinder their growth, such as the need to manage and operate client reporting, related technology operations, data aggregation and integrated systems, our clients are able to choose exactly what they need, allowing them to spend more time on client service and retention."

In 2011, PCR enhanced its service and solution offerings through strategic partnerships with Hidden Levers and Salentica, further strengthening Palette Platform's micro analysis and client relationship management offerings. These two partnerships assist PCR's clients in managing more complex client relationships, including multi-generational and multi-household relationships, while providing risk-management capabilities, including portfolio stress testing and scenario modeling, to reduce overall client portfolio volatility.

"The past year has seen an enormous amount of consolidation in the marketplace as other solution providers made acquisitions to fill the gaps in their own offerings," Fiore said. "We are proud of the ongoing relationships we have with private banks and our rapid growth in the RIA and family office market during this period, all of which has been driven by the increased efficiency and scalability of our platform. We will continue to deliver market-leading solutions that give wealth managers the transparency, oversight and governance that their clients demand."

PCR's Palette Platform delivers robust capabilities including high-quality aggregated data, premium reporting, CRM, billing and more. Palette Platform allows users to access only those capabilities they want and need to support their business, creating a totally customized and pre-integrated platform for many segments of the wealth management industry.

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 a leading solutions provider to Private Banks, Family Offices and RIA firms. The firm's private wealth aggregation and integrated reporting and systems, along with its custom solutions and services, deliver robust capabilities tailored to the needs of its clients. Wealth management professionals can enhance and grow client relationships through PCR's innovative Palette Platform™, a proprietary, next-generation solution that includes high-quality aggregated data, premium reporting, intelligent dashboards, CRM and billing.

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.

Contact: Jami Schlicher
JCPR
973-850-7309
[email protected]

SOURCE Private Client Resources