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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.

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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