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.
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
Category
Consolidated Reporting
Country
United States of America
Craig Pearson
United States of America
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
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
Wondering how Private Wealth Systems compares to other companies?
We also reviewed some other Consolidated Reporting Providers
