Private Wealth Systems Expands LatAm Presence

The vendor is winning clients for its consolidated investment reporting platform for account aggregation, data management, performance calculation, and investment reporting.

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Private Wealth Systems, Inc. (Charlotte, N.C.), a global financial technology company providing subscription-based financial software and data management services to family offices, private banks, institutional asset managers, and ultra-high net worth individuals (UHNWI) announced that it is expanding its Latin America presence with client wins, including a recent contract with a family office that has selected the vendor’s consolidated investment reporting platform for account aggregation, data management, performance calculation, and investment reporting.

Craig Pearson, CEO of Private Wealth Systems.

Private Wealth Systems provides a single, cloud-based, integrated consolidated portfolio management and investment reporting platform that captures, consolidates, reconciles, calculates, and presents actionable and highly-personalized insights with a view to driving better, more informed decision making. According to the vendor’s description, its offering is “designed by industry veterans to support the sophisticated needs of the global private wealth industry, Private Wealth Systems’ proprietary platform supports the most complex entity structures, and aggregates financial data across every bank, manager, account, currency and asset type—from marketable securities, structured products, currencies, and derivatives, through to alternative assets (private equity, hedge funds, real estate, direct investments) and physical assets such as art and collectibles.”

Growing Demand for Transparency and Active Oversight

“We are excited to see growing demand across all global jurisdictions as wealth owners and advisors demand greater transparency and active oversight of their complex wealth,” comments Craig Pearson, CEO of Private Wealth Systems. “As a team, we remain committed to our unique focus on solving the structural issues involved in data capture and processing of complex financial instruments across multiple custodians and currencies. Driving operational efficiencies while providing interactive reporting and control to managers and wealth owners is critical to improve how sophisticated wealth is managed.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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