Private Wealth Systems

Private Wealth Systems’ award-winning innovation has transformed consolidated investment reporting for global family offices and UHNWIs.

UHNWIs, family offices and private banks rely on Private Wealth Systems to transform how they aggregate investment data, validate data accuracy, report on multi-asset class portfolio performance and evolve complex investment portfolios over time.

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Simple ("Promoter") is not a current client of a Private Wealth Systems. Promoter will receive cash compensation for referrals to Private Wealth Systems. Click here to read the full disclaimer.

What sets Private Wealth Systems apart?

"Our platform has proven to deliver a level of data accuracy, speed, and personalization that remains unmatched. We have eliminated the friction of information for complex investment portfolios."
Craig Pearson

Product

Get an overview of what this software does.

Main tasks

  • Accounting
  • Consolidated reporting
  • Portfolio management
  • Data aggregation
  • Risk management
  • Impact/ESG reporting

Top features

  • Data aggregation – our direct bank feeds captures 3x more data than other providers.
  • Data validation – we perform daily reconciliation and correct bank data errors.
  • Performance calculation – in side by side comparisons with other systems we have proven double-digit accuracy in performance and analytics.
  • Custom reporting – our award winning data model empowers each user to personalize their data any way they want.
  • Digital portal – wealth owners can customize their own mobile dashboards to have total power over their wealth.

Assets supported

  • Private equity
  • Bankable assets
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewellery)

Compliance

  • GDPR

Whitelabel

  • Yes

Type Of Software

  • SaaS
  • Serviced software

Security

  • Multi factor authentication
  • Application scanning
  • Network scanning
  • Encryption at-rest and in-transit
  • Data leakage prevention (DLP)
  • User level access controls
  • Annual audits by global banks

Ecosystem

  • Microsoft

Integrations

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

Mobile App

  • Yes

Type of data

  • Transaction level data

Accuracy

  • We run our transaction and position ledger in parallel to each custodian and manager daily to ensure the industry’s highest level of data accuracy.
  • We correct bank errors, and enrich the data across pricing, accounting, and corporate actions.
  • We have successfully passed transaction level audits by top auditing firms.
  • In side by side comparisons we have shown that other systems generate double-digit errors.

Custodians

  • 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.

Cost structure

  • Flat fee

Average cost p.a.

  • $60k full version
  • $25k light version
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Key Company Info

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

Employees

  • 11-50

Founded

  • 2014

Ownership

  • Owned by management
  • Clients are also owners

Incorporated

  • United States of America

Locations

  • Charlotte
  • New York
  • Salt Lake City

Top markets

  • Switzerland
  • United States of America
  • United Kingdom
  • Saudi Arabia
  • Australia

Total AUM

  • $200 billion

Avg. AUM per client

  • $223 million

Focus

  • Single-family offices

Serves also

  • Multi-family offices
  • Banks
  • Individual wealth owners
  • Fund managers

Number

  • 650+ UHNWIs and family offices

Goldman Sachs
JP Morgan
KPMG
E&Y

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Media

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Private Wealth Systems Reviews

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What client's say about Private Wealth System?

"Thank you for getting back to me so quickly. That is exactly what we received on the investor statements - our current reporting system is off by 230 bps. Good to know you can get it right."

Support & Services

Learn what support and services you can expect

Support options

General contact mail or phone
Dedicated contact.

Pricing of support

Free support

Onboarding

Client go-live ranges from 30 days to 3 months.

Customisation

Each user can customize data sets.
Grouping any combinations of entities, accounts, and holdings together.
Report structures, view, analyze, and report anyway you want.
Classifications

Bespoke development

Building new reports and calculations. For example we built partnership accounting to support the IRS Lender Rule.

Added services

Data entry
Software development

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FAQs

FAQs about Private Wealth Systems

Q
What is Private Wealth Systems?
A

Private Wealth Systems provide portfolio management solutions.

Q
What does Private Wealth Systems do?
A

Private Wealth Systems provides cloud-based portfolio management and reporting solutions catered towards sophisticated family offices, UHNW investors, and private banks.

Q
How does Private Wealth Systems work?
A

Private Wealth Systems' proprietary software boasts the following key features:
1. Investment data aggregation across multiple data sources.
2. Real-time data reconciliation and validation.
3. Insightful, interactive, and customisable reporting dashboards.

Disclaimer

1. Simple (”Promoter”) is not a current client of Private Wealth Systems.

2. The Promoter and Private Wealth Systems have entered into a separate written agreement (the “Agreement”), pursuant to which the Promoter refers potential investment advisory clients to Private Wealth Systems. The Promoter will receive a fee for each introduction it makes to Private Wealth Systems.

3. You are not paying any fee directly to Promoter for referral services, and Private Wealth Systems has not increased its fees to any firm to facilitate its payment of compensation to Promoter.

4. The Promoter has an incentive to solicit or refer you to Private Wealth Systems, or to indicate its approval, support, or recommendation of Private Wealth Systems or any of its directors, officers, principals, or employees, because the Promoter receives a fee for every introduction it makes to Private Wealth Systems.