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Private Wealth Systems

Private Wealth Systems

Category
Consolidated Reporting
HQ
United States of America

Private Wealth Systems provides the digital infrastructure that powers modern family offices across the world.

Private Wealth Systems is unique in how we capture, correct, calculate and present actionable information across every asset class (public, private, non-financial), every currency, supporting even the most complex nested ownership structures.

What sets Private Wealth Systems apart?

“We exist to solve the industry’s structural issues of data, scale, and security. We eliminate the information friction that destroys family wealth.”

Key Company Info

Have a look at the company, clients and references to learn whether this is a match for you.

Company

Facts about the company

Employees

11-50

Revenue

$4M

Founded

2014

Ownership
  • Owned by management
  • External investors
Incorporated

United States

Locations
  • Charlotte
  • Darien
Top 5 Markets
  • Switzerland
  • United States of America
  • United Kingdom
  • Saudi Arabia
  • Mexico
Avg. AUM per client

$200M

Clients

Facts about the clients

Focus

Single family offices

Serves also
  • Multi family offices
  • Financial advisors
  • Banks
  • UHNWIs
  • Fund managers
Number
  • 2 private banks
  • 2 accounting firms
  • 2 RIAs
  • 4 MFOs
  • 30 SFOs
  • 21 UHNWIs
References

Goldman Sachs
JP Morgan
KPMG
E&Y

Request References

What Private Wealth Systems clients say

n/a

Product

Get an overview of what this software does.

The basics

Basics about the product

Main tasks
  • Accounting
  • Consolidated Reporting
  • Compliance
  • Portfolio Management
  • Data Aggregation
  • Risk Management
  • Impact/ESG Reporting
Top features
  • Personalized attributes
  • Personalized Data Sets
  • Personalized Structures
  • Data Reconciliation
  • Performance Calculation
  • Account Aggregation
  • Custom Reporting
  • Portfolio Management
  • Partnership Accounting
Assets supported
  • Private equity
  • Bankable assets
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewellery)
Compliance
  • GDPR
  • MiFID II
Whitelabel

Yes

Download Detailed Feature List
Technology

Look under the hood

Type Of Software
  • SaaS
  • Serviced Software
Security
  • Multi-Factor Authentication
  • Monthly scanning of code base to ensure no backdoor entry
  • Continuous network scanning for intrusion detection/prevention
  • Data Leakage Prevention for internal users
  • Attack/Penetration testing on an on-going basis by several private banks
Ecosystem

Microsoft

Integrations

API that can connect with any third party system including CRM, bill pay

Mobile App

Yes

Reporting-specific features

They handle reporting like this

Type of data

Transaction level data

Accuracy
  • Feeds built to the major custodians around the world
  • Files from the banks via SFTP; transactions, positions, prices, security, etc
  • Intelligent automation to fix bank errors
  • Transaction based system that values daily
Custodians

Over 400

Time to new custodian

4 weeks

Multi-currency
  • Users can set multiple base currencies
  • We can separate holding level p&l from currency p&l based on transaction data
Pricing & Co

Learn about the commercials

Cost structure

Flat fee

Average cost p.a.
  • $75K full version
  • $25K light version

Support & Services

Learn what support and services you can expect

Support options

General contact mail or phone, Dedicated contact

Pricing of support

Free support, On use basis

Onboarding

Client go-live ranges from 30 days to 3 months

Customisation

Customize data in portfolios, Customize model/data structure, Customize security master classifications at the individual user level on the same global instance to ensure speed, accuracy

Bespoke development

Example: adding the ability to support the U.S. IRS Lender Rule to calculate waterfall, carry, partnership re-allocations.

Added services

Data entry, Software development

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