Private Client Resources (PCR), a provider of data aggregation to UHNW families, Trust Companies, Private Banks, and Investment Advisors, has partnered with HWA International, a trust accounting, workflow and reporting solution.
PCR and HWA will offer a vertically integrated managed data solution to new and existing clients, covering a full range of listed marketable securities and alternatives holdings coverage.
The partnership integrates PCRs TotalWealthStream with HWA’s trust accounting applications to deliver timely, aggregated and fully reconciled custodial and held-away asset information that is understandable and customised for each client’s portfolio, within the HWA platform.
“PCR leads the industry with its highly secure, data-as-a-service offering, providing fully normalised, reconciled and highly enriched information, down to the tax lot or tranche, which HWA’s trust and private fiduciary clients demand,” says Robert Miller, CEO of PCR. “Our unique outsourced data aggregation platform complements HWA’s robust transaction-based trust accounting capabilities, and the combined benefits will prove very attractive to existing and new clients.”
Harry Sullivan, President of HWA, says: “HWA is focused on delivering a centralised, comprehensive solution that allows firms to operate securely and reliably in order to meet stringent fiduciary responsibilities. A key tenant of this focus is secure and correct data consolidation. By seamlessly integrating our transaction-based trust accounting software, TrustNet (TNET), with the accurate data provided by PCR’s TotalWealthStream clients will have access to a unique and desirable trust software solution for organisations of all sizes.”