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.
