According to a recent survey from Citi Private Bank (Global Family Office Report 2023), 68% of families stated their top concern was “preserving the value of their assets”, which was a noticeable shift from last year where families stated their focus was on with 68% of families citing that as their top concern “preparing the next generation to be responsible wealth owners” to.
How Do UHNWI Perceive Risk? Read More »
In 2022, our reconciliation platform corrected over $283 million in errors from bank data feeds. This ensured our family office clients had peace of mind when analyzing and acting upon their financial data to protect their generational wealth. Research has shown bank data feeds can have daily error rates as high as 18%.
A Financial Firewall for Bank Data Errors Read More »
There is a growing realization among ultra-high net worth individuals and family offices that when it comes to managing and viewing complex, multi-asset class investment portfolios, the view is flawed. If you were asked today to pull together a single source of truth for all of your investments, including alternative investments like hedge funds, private
Imagine a Single Source of Truth for UHNW Investment Data Read More »
By Craig Pearson, CFA – CEO of Private Wealth Systems Portfolio reporting accuracy for family offices and ultra-high net worth (UHNW) individuals is a significant challenge. Family offices and wealth owners are often shocked when they learn the magnitude and consistency of data errors from custodial bank feeds, private investment manager statements, and even large,
Portfolio Reporting Accuracy in the Age of High-Dimensional Big Data Read More »
Q. We’d love to hear more about Private Wealth Systems and your role as co-founder and CEO? Private Wealth Systems is a global financial technology company that is focused on transforming how high net worth investors, and their trusted advisors, engage in the management of their wealth. High net worth investors control over $56 trillion
Q&A with Craig Pearson, Co-Founder & CEO at Private Wealth Systems 2016 Read More »
For decades client reporting was defined by its role as a back office burden with a singular purpose of meeting regulatory requirements. However, client reporting has evolved to become the most powerful communication medium that binds the investor/advisor relationship. This shift in purpose is driven by the most foundational element of the human condition, the
Re-Defining Client Reporting Read More »
Social investing has become a universal theme, yet the practical application remains as personal as the individual. Where one investor may demand the exclusion of fracking from all of their portfolios, another investor may want increased exposure. Climate control, human rights, adherence to religious guidelines, and over thirty other socially responsible themes all impact not
Socially Responsible Investing (SRI): Reshaping Private Wealth Management Read More »
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