Institutional-grade performance reporting, delivered as a finished product.
For years, the wealth management industry has focused on solving the investment data problem. Firms needed better ways to bring together information held across custodians, managers and systems to create a reliable view of the portfolio. That challenge has only become more complicated as alternative investments and real assets have become a larger part of sophisticated portfolios.
At PCR, bringing this information together has been our focus for decades. We aggregate investment data from custodians, managers, fund administrators, statements and other sources, then parse, reconcile and verify it so our clients have data they can trust. But as portfolios have evolved, so have firms’ needs. Bringing the data together is essential, but firms also need the ability to see that information in context, analyze it and communicate it effectively.
That is why we have significantly expanded PCR’s reporting capabilities. PCR now offers a full-suite reporting solution: data aggregation, reconciliation, an institutional-grade performance engine and finished client reporting, delivered together by one team.
As portfolios become more complex, understanding performance requires more than calculating a single return. Investment teams need to see how the portfolio is performing across asset classes, accounts and entities, understand what is driving the results and evaluate performance in the context of the broader investment strategy.
PCR brings that institutional level of analysis to wealth reporting. The platform calculates daily time-weighted returns and IRR, with performance available gross and net of fees and at the composite, account, entity and household levels. Public and private investments can each be measured using the methodology appropriate to the asset, while remaining part of a consistent view of performance across the portfolio. This is particularly important when private investments measured by IRR sit alongside public holdings measured on a time-weighted basis.
Performance can also be evaluated against market indices, custom benchmarks and the investment policy statement, giving investment teams greater context around results. Attribution, look-through to underlying holdings, risk metrics and P&L explanations help answer the next level of questions: what contributed to performance, where exposure sits and how individual investments, managers and strategies are affecting the portfolio.
For investment committees, that analysis can extend into governance reporting, including policy allocation, target versus actual allocation, drift monitoring and compliance. Reports and dashboards can then be configured around the accounts, entities and structures each stakeholder needs to see, with customized branding, permissions, workflows and scheduled delivery.
Many reporting solutions provide the technology and leave the client’s team responsible for everything that comes next. Data still needs to be reviewed, exceptions resolved, performance checked and reports validated before they are ready for clients or investment committees.
PCR takes responsibility for that process. Our team reconciles the underlying information, reviews performance results, resolves exceptions and performs quality-checks before the final package is released. By the time a report reaches a client or investment committee, the numbers have already been reviewed and validated. What clients receive is institutional-grade reporting that is ready to use, rather than another platform their team has to manage.
Institutional-grade reporting also needs to reflect how different firms understand and evaluate their portfolios. An advisor preparing for a client meeting may need a concise overview of the entire portfolio. An investment team may want to dig deeper into performance or asset allocation. A family office may need to understand how investments are distributed across multiple entities, while a trust company may need reporting that reflects complex ownership structures. Each may be looking at the same underlying portfolio, but through a different lens.
The complexity goes beyond how information is presented. Portfolios data often spans multiple custodians, managers, entities and investment types, with different histories, classifications and reporting requirements. Bringing that information into a consistent framework is what makes deeper analysis possible. Investment teams need to be able to compare managers, evaluate performance across asset classes and strategies, and understand results across entities and accounts without losing the detail or context behind the underlying investments.
For me, this is where reporting is headed. Institutional-grade reporting should give investment teams the ability to move from a portfolio-level result to the managers, strategies, asset classes and individual investments driving performance, while measuring those results against the objectives they were intended to achieve.
What we have built at PCR brings institutional-grade performance analytics and finished reporting together in one offering. Clients can analyze performance with the depth and rigor they expect, while receiving reports that have already been reviewed, validated and prepared for delivery. It is a significant step forward in our reporting capabilities and, more importantly, in how we help clients turn complex portfolio data into information they can understand, evaluate and communicate.