Private Client Resources Recognized By Industry As 'Best Reporting Solution'

WILTON, Conn., Feb. 26, 2014 /PRNewswire/ -- Private Client Resources (PCR), a leading outsourcing provider of private wealth reporting and integrated technology, has been awarded "Best Reporting Solution" by Private Asset Management (PAM) magazine. Advent Software, Equipos and InvestEdge, among others, were finalists in the "Best Reporting Solution" category.

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This is the third year in a row that PCR has received a prestigious PAM Award. In both 2012 and 2013, PCR received the "Most Innovative Private Bank Provider" award.

When Robert Fiore, President and CEO of Private Client Resources, was asked why he believes PCR was selected as the 'Best Reporting Solution', he said, "Clients want an exceptional experience. They want on-demand, timely customized reports and dashboard tools that provide them with the greatest insight and actionable information. A private wealth manager does not want to enter statements and prepare reports. They prefer a reporting solution where this work is done for them—enabling them to work more closely with their clients."

Fiore continued, "This need, however, cannot be solved by software alone. It requires a solution set that includes specialized personnel, precision, and integrated technologies and processes. Most importantly, highly effective reporting requires flawless data. This is why the outsourcing of reporting and aggregation is a growing trend that will eventually replace most in-house solutions, similar to the way outsourced payroll services have usurped in-house solutions."

The 2014 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. Award winners are 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, nominees and winners may be found online. The winners of this year's PAM Awards were announced at a dinner and presentation ceremony on Monday, February 24, at 583 Park Avenue in New York City.

About PCR
Private Client Resources is a leading outsourcing specialist of private wealth reporting solutions serving Registered Investment Advisors, Family Offices and Private Banks. PCR provides full service capabilities, including high-quality aggregated data for both traditional and alternative investments, premium client reporting with full multi-currency, secure document management, integrated research and other capabilities.

Headquartered in Wilton, Conn., PCR is a value-driven service partner committed to positioning its clients for sustained growth.

For more information, please contact Kathleen Dunne at (203) 210-0051 or [email protected], 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