Private Client Resources
Private Client Resources provides financial aggregation services, combining custodial and alternative investment data into a unified platform, serving over 300 firms and processing over $500 billion in assets.
Services
Private Client Resources (PCR) offers financial aggregation services designed for digital investment solutions. The company integrates custodial and alternative investment data into a unified technology and operations platform, targeting over 3,000 institutions and managers. Their service portfolio includes solutions for alternative investments, custodial accounts, held-away client data, data warehousing, and partner integrations. PCR provides critical investment data solutions to global private banks, investment advisors, regional banks, trust advisors, and other financial entities, ensuring seamless consolidated investment reporting applications.
Products
PCR delivers a diverse range of products for investment data management. Key offerings include a data warehouse solution that aggregates data into a secure, normalized view, accessible through reporting and integration tools. They also offer STP-ALTS, a technology-enabled managed service for alternative investment aggregation. Their solutions automate the processing of statements, capital calls, notices, and tax documents for alternative investments, leveraging NLP/OCR technology combined with human oversight for document classification and data extraction. The company also provides daily or real-time data delivery options for enhanced transparency into manager-reported estimates and valuations.
Client Base
PCR serves over 300 firms and maintains more than 150,000 investment accounts, managing an impressive $500 billion in assets. Their client base includes a wide array of financial institutions such as global private banks, investment advisors, regional banks, trust advisors, asset managers, allocators, multi-family/single-family offices, endowments & foundations, accountants and attorneys, wealth tech providers, hedge fund platforms, and fund administrators. By offering a single vendor solution for consolidated investment reporting, PCR ensures that these clients can manage their investments effectively.
History
With over 20 years of experience in financial data aggregation and management, Private Client Resources has established itself as a leading provider in the industry. The acquisition of the European data aggregation firm Check6 has expanded PCR's global capabilities, allowing them to serve a wider array of clients. The company operates out of offices in Wilton, Connecticut, USA, and Breda, The Netherlands, extending their reach and influence in the financial services market both domestically and internationally.
Technology and Innovation
PCR employs state-of-the-art technologies to deliver high-quality financial data services. Their use of NLP/OCR technology combined with human oversight for document classification and data extraction ensures data accuracy. PCR also applies over 90 quality controls to maintain data integrity. Additionally, they offer robust integration capabilities with over 20 vendor systems and provide custom extracts/APIs for data delivery. The company's digital consent technology further streamlines the letter of authorization process for data sharing, ensuring compliance with global privacy regulations.