Private Client Resources Named Most Innovative Provider Serving Private Banks

WILTON, Conn., Feb. 15, 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, was named "Most Innovative Private Bank Provider" in Private Asset Management (PAM) magazine's 2012 awards, which identified leading investment professionals, wealth advisors and service providers operating within the private asset management industry.

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PCR 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.

"This award reflects our never-ending pursuit of being best-in-class, helping private banks and other wealth management firms remove the obstacles of managing and operating client reporting, technology, data aggregation and integrated systems," said Robert Fiore, President and CEO of PCR. "We are honored to be recognized as an innovator."

PCR increased assets on their system by more than 220 percent in 2011, fueled by new client acquisitions and the continued success of its existing clients.

"Over 70% of wealth management businesses are running in-house aggregation and client reporting using software, spreadsheets and people. This is neither efficient nor scalable, and it's a distraction to growing an advisory business. Private banks, family offices and advisors seek to spend most, if not all, of their effort growing assets. PCR provides the services and continual innovation that is allowing private wealth managers to exit secondary businesses like aggregation and client reporting and instead focus on their core business."

PCR's Palette Platform™ delivers robust capabilities, including high-quality aggregated data, premium reporting, CRM, billing and more, while allowing users to access only those capabilities they want and need to support their business. The result is a completely pre-integrated and customizable platform that is used throughout the wealth management industry.

The 2012 PAM Awards were hosted by Private Asset Management (www.pammagazine.com) 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 on February 7, 2012.

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.

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.

 

SOURCE Private Client Resources