Private Client Resources (PCR) and HWA International Partner to Provide Trust Companies with an End-to-End Platform
Expanding data aggregation to serve the accounting needs of endowments & foundations, trust organizations, family offices and other private fiduciaries
NEW YORK, Jan. 31, 2018 /PRNewswire/ -- Private Client Resources (PCR), the leading provider of award-winning data aggregation to UHNW families, Trust Companies, Private Banks, and Investment Advisors, today announced a partnership with HWA International, Inc., a leading trust accounting, workflow and reporting solution. PCR and HWA will offer a vertically integrated managed data solution to new and existing clients, covering a full range of listed marketable securities and alternatives holdings coverage.
The partnership integrates PCRs TotalWealthStream™ with HWA's trust accounting applications to deliver timely, aggregated and fully reconciled custodial and held-away asset information that is understandable and customized for each client's portfolio, within the HWA platform.
"PCR leads the industry with its highly secure, data-as-a-service offering, providing fully normalized, reconciled and highly enriched information, down to the tax lot or tranche, which HWA's trust and private fiduciary clients demand," said Robert Miller, CEO of PCR. "Our unique outsourced data aggregation platform complements HWA's robust transaction-based trust accounting capabilities, and the combined benefits will prove very attractive to existing and new clients."
Harry Sullivan, President of HWA, said, "HWA is focused on delivering a centralized, comprehensive solution that allows firms to operate securely and reliably in order to meet stringent fiduciary responsibilities. A key tenant of this focus is secure and correct data consolidation. By seamlessly integrating our transaction-based trust accounting software, TrustNet (TNET), with the accurate data provided by PCR's TotalWealthStream™ clients will have access to a unique and desirable trust software solution for organizations of all sizes."
TotalWealthStream combines data from over 400 custodians with alternative transactions curated from the investor communications of almost 2,000 managers. Unlike most aggregators focused on data feeds, TotalWealthStream surfaces data in a client dedicated extensible data warehouse, which includes the normalized view of account and hierarchy definitions, security master, holdings, transactions, tax-lots, cashflows and performance with T+1 processing. This data can be easily augmented with both client-provided data and third-party reference data.
About Private Client Resources (PCR)
PCR, founded by family offices in 2000, powers the interactions between ultra-high-net-worth advisors and their clients. The Company delivers data aggregation, integration, reporting, mobile and analytics solutions which efficiently deliver a total wealth view critical to providing great advice. The solutions cater to the unique needs of UHNW clients including the consolidation of extensive hard-to-aggregate illiquid holdings, multi-generation wealth structures, complex ownership modeling and custom composite views of their data. PCR's award-winning managed services have long been recognized as the premium solution for over 1,400 UHNW advisors/clients because of their secure process of obtaining data that does not rely on controversial sharing of usernames/passwords, unmatched data quality and service commitment that goes beyond just technology.
For more information visit www.pcrinsights.com.
About HWA International, Inc.
Founded in 1974, HWA International develops comprehensive, versatile software for efficient portfolio management and trust operations. HWA offers trust organizations, family offices and other private fiduciaries maximum freedom via three primary solutions, each of which supports a wide degree of tailoring for front and back office duties. TNET (a transaction-based product), TRUSTprocessor (a general ledger-based product), and TAMS (a slimmer version of TNET) are licensable solutions for a full range of fiduciary operations. HWA's server-based architecture gives clients the freedom to control and protect their data as they choose. HWA offers their clients the option to be different than their competitors, which gives them the option to be better. The software is scalable and expandable to over 250 users based on the client's needs.
For more information on HWA, visit www.hwainternational.com.
Media Contacts:
Rosalia Scampoli
PCR
212-404-2395
[email protected]
Cyndi Detty
HWA International
(800) 328-8661
[email protected]
SOURCE Private Client Resources
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