The Story So Far
A Quick Snapshot
Private Wealth Systems is a global financial technology company that remains focused on its founding mission to eliminate the structural inefficiencies of legacy and modern technologies in order to improve the preservation and growth of complex investment portfolios.
Our team’s experience has enabled us to design a platform that is truly best in class in each of the major categories of; account aggregation, data reconciliation, portfolio accounting, performance calculation, client reporting, and investor portal.
“Private Wealth Systems’ unique advantage is they combine the best of the COO, which is focused on data quality, and the CIO, who is focused on investment analysis and decision making. No other provider has this combination within their founding team.”
Head of Custody, global private bank
The platform is designed to improve upon the structural challenges of other platforms to set a new standard of accuracy and comprehensiveness of a multi-asset, multi-bank, multi-currency investment accounting system, the interactivity of a portfolio management system, and the flexibility, engagement and personalization of a reporting system – capturing, correcting, calculating and presenting every component of every transaction across every financial and non-financial instrument in any currency regardless of ownership structure, and delivering true intelligence to those who are best able to control their financial destiny, and do so with unmatched efficiency, speed, accuracy, and personal privacy.
Think of us as a technology platform that provides the personalized precision of a family office solution with the scalability and security of a global enterprise banking platform. We are committed to providing information that is tax-level accurate, comprehensive enough to support every financial instrument and investment vehicle, timely enough to be relevant and actionable, and personalized to reflect the unique sophisticated views of each individual.
When the Odds Are One in a Million, Be That One.
Craig Pearson, CEO
Worldwide Business, Interview
I am motivated by my children and a deep desire to make a lasting positive impact on people’s lives. Individual wealth can have such a profound impact on improving our world. Whether you want to fund a school in Ghana, build a health clinic in Guizhou or finance a new startup that will become the next Apple or Amazon, you need to engage and be an active participant in how your wealth is managed. I hope our platform can help individuals engage at an elevated level of knowledge, align their wealth with their personal values, and make an impact that they can be proud of in order to create their own unique legacy.
CRAIG PEARSON, CEO
Philosophy
Our philosophy is that the individual wealth owner, and their trusted advisors, should have total transparency regardless of financial complexity. A twenty year old with ten thousand in savings has plenty of FinTech tools available to gain oversight over their money. Yet someone with $10 million to $100 billion has literally no means of actionable independent oversight over their advisors and investments, placing their family legacy at risk.
High net worth investors should have the information they want, when they want, in the format they want, on the device they want, in order to be an active participant in managing their wealth. Where the majority of other software platforms focus on the institution, Private Wealth Systems focuses on the high net worth individual who remains unserved by other systems because of their level of financial complexity. By providing digital, personalized, one touch access to all of the financial information within a complex investment portfolio, we will fundamentally shift greater control back into the hands of the high net worth individual enabling them to have a better understanding of their wealth and how it’s managed. In turn, access to this level of data will also empower advisors to provide better guidance and a better experience to their clients, further cementing the investor-advisor relationship.
Two-Thirds of 1995’s Billionaires No Longer Qualify For This Status.
UBS/PWC BILLIONAIRES REPORT
PAST
Everyone’s past informs their future. We’ve been called “simply the best.” Being the best, leading an industry, takes decades of experience. Our team has unmatched experiences working with ultra high net worth wealth. From pioneers who designed and developed three of the top family office accounting and reporting platforms to our founder who lived through his father losing multi-generational legacy wealth because of a lack of oversight and control over his family’s advisors and investments, our team has a personal mission to transform the investor-advisor relationship to preserve and grow family wealth.
The seed that eventually grew into the idea and motivation behind Private Wealth began long ago with a personal connection. My father inherited multi-generational wealth, and like many third-generation family members, he never engaged in the management of his wealth. He entrusted his wealth, blindly, to his advisors. Like many advisors my father’s bankers took concentrated risk chasing the hope of generating excess returns. Sadly, without having a tool to provide centralized oversight my father and his bankers did not understand the extent of the collective risk and ultimately his wealth was lost. I am a living example of the proverb shirtsleeves-to-shirtsleeves in three generations. My father is a proud man from a strong successful family, but his failing was a lack of engagement in his wealth. I don’t want anyone to experience what I experienced as a teenager. I built this platform for people like my father, his advisors, and candidly even for younger generations to engage in the conversation around their family’s wealth.
PRESENT
Today, we are leading the industry – pioneers, in every sense of the word – bringing much needed positive disruption to the private wealth industry worldwide.
We are honored to be working with, and trusted by, several of the world’s leading family offices, ultra-high net worth individuals (UHNWI), private banks, and accounting firms. We take our mission of delivering speed, power, and control to the most sophisticated families around the world within the most secure and trusted digital destination.
The CIO of one family office shared, “The Private Wealth Systems platform has helped the family begin to communicate and engage one another about the family’s wealth, across several generations, in a way they haven’t done before due to the limitations of their previous system.”
A rapidly-growing wealth management firm shared, “The Private Wealth Systems platform will enable us to scale more effectively because of the significant operational and regulatory efficiencies gained from not having to use spreadsheets for manual reporting.”
Another family office did not know they had direct exposure to seven emerging currencies until they enrolled onto our platform.
A third family office used our platform to discover that they had over 400 holdings in a single account, and 10% of those holdings had market values under $500, highlighting the fact that the account is not being managed efficiently.
FUTURE
THE DIGITAL INFRASTRUCTURE POWERING PRIVATE WEALTH
Our premise is that global finance is at an inflection point and that traditional banking and investment management organizations of the future will be comprised of ultra-high net worth individuals and consortiums of wealth owners, and not the banking and investment houses we think of today. We already have ultra-high net worth individuals and family office clients who act as both consumer and service provider, a trend that no doubt will grow stronger during these unprecedented times. Wealth owners need to have control as to who they lend money to, borrow from, invest in, with the freedom to create new forms of financial products that will transform how financial services are created, delivered and managed.
Our aim is not just to offer the single best investment reporting platform, but to design truly transformative technologies and tools that will reshape the dynamics of the market and change how financial services are delivered, consumed, and managed. Recently a senior executive in operations at a global private bank said we have created the first meaningful innovation in the private wealth industry in the past 40 years – we are creating a new paradigm in global finance by shifting the power of information and action from the heavily concentrated pool of financial services companies back into the hands of the millions of wealth owners, eliminating the destructive nature of friction caused by silo-based information and ill-informed action.
What we are building is much more than just a consolidated wealth reporting platform.
