Bringing you live news and features since 2006 

PCR announces partnership with HWA

RELATED TOPICS​

Private Client Resources (PCR), the provider of data aggregation to UHNW families, Trust Companies, Private Banks, and Investment Advisors, has announced a partnership with HWA International, Inc, 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 customized 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 centralized, 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 organizations of all sizes.”

TotalWealthStream combines data from over 400 custodians with alternative transactions curated from the investor communications of almost 2,000 managers. Unlike most aggregators focused on data feeds, TotalWealthStream surfaces data in a client dedicated extensible data warehouse, which includes the normalized view of account and hierarchy definitions, security master, holdings, transactions, tax-lots, cashflows and performance with T+1 processing. This data can be easily augmented with both client-provided data and third-party reference data.
 

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by