NEW YORK February 12, 2018. PCR, the leading provider of total wealth data aggregation services to UHNW families, Trust Companies, Private Banks, and Investment Advisors, today announced a partnership with AltaReturn, the leading provider of back and front office solutions for the Private Equity and Family Office industries. The integrated solution will combine PCR’s data aggregation capabilities with AltaReturn’s accounting and reporting services to streamline the reconciliation and reporting function for both single and multi-family offices.
Automating the consolidation of information from the complex holdings of the ultra-high-net-worth (UHNW) has long been a challenge for family offices and their advisors. With 50% of UHNW holdings often in hard-to-aggregate illiquid investments, the systems that account for and analyze portfolios often rely on manual and error prone processes. The partnership will ensure AltaReturn clients will have the most accurate and complete data that will support their decision-making process on a daily basis.
“We are pleased to be partnering with AltaReturn to offer their clients a total wealth aggregation solution that delivers actionable data from every asset class and instrument type directly into their accounting platform,” said Robert Miller, CEO of PCR. “We very much admire AltaReturn and their differentiated approach to proactively addressing this accounting problem as well as their commitment to help clients streamline the engine of all good decision making – great data.”
“AltaReturn serves some of the largest and most prominent families in the country, represented by over $60B in assets on the platform,” said Rey Acosta, CEO of AltaReturn. “By developing this integration between PCR and our own accounting and reporting solutions, AltaReturn’s SFO/MFO clients can save significant time and resources in getting the right information to the right people - quicker, easier and with less error.”
The companies have completed significant integrations and its first joint customers are already enjoying the benefits of the partnership.
About Private Client Resources (PCR)
PCR provides institutions, advisors, family offices, pensions, foundations, OCIO’s and technology providers an easily implemented data-utility that streamlines how data on hard-to-aggregate client assets are managed. In doing so we are driving wealth management innovation allowing firms to invest in their next great idea - not collecting, normalizing and reconciling data. Our innovative privacy-technology is at the forefront of a new generation of data sharing. PCR aggregates hundreds of billions in assets for industry leading private banks and solution providers. For more information, visit or contact firstname.lastname@example.org.