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Private Wealth SystemsPrivate Wealth SystemsPrivate Wealth SystemsPrivate Wealth Systems
  • Solutions
    • Account Aggregation
    • Data Management
    • General Ledger Accounting
    • Performance Calculation
    • Portfolio Management
    • Client Reporting & Portal
  • Who We Serve
    • UHNW Wealth Owners
    • Chief Investment Officers
    • Accountants
    • Data Operations
    • Wealth Advisors
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  • Contact Us

The World's Only Vertically Integrated Platform for Managing Complex Wealth

from aggregation and accounting to portfolio management and client reporting

Account Aggregation
Transaction Level Account Aggregation
Data Operations
Reconciliation and Data Management
Investment Accounting
General Ledger Accounting
Performance Calculation
Security Level Performance Calculation
Portfolio Managment
Multi-Asset Portfolio Management
clientreporting_purple
Client Reporting & Portal

How Does it Work?

Private Wealth Systems consolidated investment reporting and financial intelligence platform is comprised of a set of integrated proprietary modules that were each built to solve the structural problems that continue to plague legacy software systems and the global investment management industry; data, scale, security.

Proven: Better Data

A multi-billion, multi-national family office hired KPMG to perform a transaction level audit of their data on Private Wealth Systems.  The audit proved that our platform systematically matched back to each original source system of record across custodians, managers, currencies and asset classes.  Let us prove what our difference means to you.

Account Aggregation - 3x More Data

While other systems are limited by the data they support, generating errors and omissions, Private Wealth Systems’ proprietary electronic data interfaces to major custodian banks around the world support 3x more data elements than other leading systems, delivering more data, that is more accurate, faster, at a lower total cost so your analysis, advice and decision making is based on the best data, regardless of custodian, asset class or global jurisdiction.

we maintain direct data interfaces into custodians and banks across the americas and europe to control data quality and security

We have built our own direct data feeds to custodial platforms including; Goldman Sachs, Pershing, JP Morgan, Morgan Stanley, Citi, Charles Schwab, Fidelity, TD Ameritrade, UBS, Stifel, US Bank, Bank of New York, Bessemer, and countless others so that we can customize the mapping and normalization to each custodial data source to support the most comprehensive and accurate set of data.  Other aggregators with single classification rules will omit important data leading to errors in analytics and performance.  For example, one of the largest aggregators only supports 18 transaction codes to major global custodians – our system supports over 190 codes – data matters.

Trade Date vs. Settlement Date

While most systems process settlement date data, driving errors in liquidity analysis, risk exposure, market value, and performance Private Wealth Systems processes data on a trade date basis.

total aggregation supporting every asset class and currency

We capture every transaction in its native asset class and currency for greater accuracy and faster processing for better decision making.  From tax lot purchases and sales, capital calls, redistribution of capital, and accrued interest purchased to drawn downs, fees, interest pay down, and principal payments on loans, our system is the most comprehensive multi-asset, multi-bank, multi-currency aggregation platform.

true multi-currency aggregation to support the most complex global wealth.

As a transaction-based aggregation engine, our platform captures the trade, settlement, and base currency on every event to ensure the highest level of accuracy.  Our multi-currency module supports 16 decimal points to eliminate the rounding errors that other systems produce.  Users can select a reporting currency at run-time to analyze currency effect on their investments and balance sheet.

integrating your full balance sheet - we support private investments and non-financial assets.

In order to integrate the full balance sheet our system supports private investments including; private equity, hedge funds, venture capital, direct investment, real estate, private debt, loans, art, and collectibles.  Our logic based transaction codes process every component of a capital statement to correctly adjust cost, cash, value, income, expense, and performance with a single entry, ensuring the highest level of data accuracy and operating efficiency across the industry.

no screen-scraping - direct data connections ensure personal privacy

Our proprietary direct interfaces into major custodial banks delivers the most consistent and secure exchange of data on an automated nightly basis.  We receive transaction, position, cash, price, and account files via secure file transport protocols (SFTP) nightly.  Since we are not a household-based system like other platforms we do not receive or require personal identifying information (PII) such as name, tax ID or address ensuring a greater level of data privacy.

Other systems only support unitized securities, forcing phantom price and shares for private investments resulting in increased operating costs and data errors.

Private Wealth Systems supports both unitized and non-unitized securities to eliminate phantom price and shares and ensure data accuracy with operational scale.

Data Operations - Proven Accuracy

Because data accuracy and operating efficiency are two of the greatest challenges in private finance, and remains an issue for every legacy investment software system, we created a technology and service that goes beyond any other system and truly solves the structural issue to provide the industry’s highest level of data accuracy, comprehensiveness, and trust with the greatest level of operating efficiency to serve the global market.

beyond cash and shares - we reconcile on 2x - 4x more data elements to ensure the industry's best data

Private Wealth Systems daily reconciliation goes beyond the industry standard as we reconcile on cash, shares, market value, performance, accruals, flows, and cost, to ensure the highest level of trust.  Industry Examples: one technology focused reporting system had an end-of-day price that was 18 months old resulting in material errors in market value and performance.  Another reporting platform had price swings greater than 100% in a 3 day period generating serious errors in value and investment performance calculations.

custodian bank feeds have error rates up to 18% daily - we capture and correct those errors

Private Wealth Systems maintains a separate investment accounting ledger based on each transaction to match against each custodian and manager system of record on a daily basis.  Any discrepancies between our ledger and the bank are researched and resolved so the data you see is the most current and the most accurate.  Private Wealth Systems is designed to capture and correct custodian errors before you see them to avoid operational burden, eliminate reporting latency, and support better decision making

Examples –

  1. a custodian adjusted the cost of a client holding by $22 million in error.
  2. a global custodian mis-applied the currency exchange rate on a Yen/Dollar trade.
  3. a custodian in EMEA mis-priced 3 out of 5 currency forward contracts for a single account.

we have a multi-tiered entry and reconciliation process for private investments

Private Wealth Systems captures, reconciles, and calculates all transactions that occur in private investments, from commitments, contributions, manager fees, and redistribution of capital to assigned market values, principal draw downs, and recalled capital to ensure all changes in cash, cost, value and performance are the most current and the most accurate.  Any adjustments can be made and recalculated in real time, including estimated values with date and time stamps as well as ‘as-of’ transactions.  Industry example, custodians will receive intra-month cash flows for private investments but won’t update market value until after month-end, providing several weeks of inaccurate value and performance.  We eliminate this lag and error.

we built a proprietary accrual calculator because custodial feeds don’t support accruals

Private Wealth Systems is the only reporting platform with a proprietary accrual calculator that systematically supports all 13 day count basis, ensuring the most accurate total market value and performance calculation for all fixed income, equities, and loans across all global jurisdictions on a daily basis.  Because accruals are part of total market value and changes in total market value is how you calculate daily time weighted returns, if your system doesn’t calculate accruals, correctly, daily then you will have errors in value/exposure and performance returns.

we combine cash movement with the underlying transaction to drive meaningful operating efficiency

Our system automatically associates the cash with the security under a single transaction ID to eliminate orphan cash or securities.  For example with a cancel – correct order our system allows you to make the correction using a single entry as opposed to searching for the security separately from searching for the cash transaction, generating meaningful efficiencies and scale.

We apply corporate action events globally on the effective date

We use third party corporate action feeds to notify our team of splits, spin-offs, dividends, and other corporate action events.  We adjust corporate actions for a security globally across all custodians on the effective date of the events.  Other systems will rely on notifications from each custodian which causes delays and errors in performance and analytics.

Private Wealth Systems Enters EMEA with Key Client Win

General Ledger and Partnership Accounting

Private Wealth Systems unique data model, which won an innovation award in 2019, offers the advantage of having the data integrity of a general ledger accounting system with the flexibility and control of a reporting system so you can structure, group, classify, and format your data any way you want for better and faster analysis and reporting for improved decision making regardless of instrument type, global jurisdiction or complex ownership structure.

our partnership accounting automatically adjusts partner level ownership based on flows

Private Wealth Systems automatically adjusts cost, market value, and ownership percentages based on contributions and distributions from the partnership or nested ownership structure.  You can analyze and report at the partnership, partner or holding level.

view wash sales across managers, entities, and accounts, eliminating the risk of substantial IRS penalties

Private Wealth Systems captures every transaction for every security allowing you to see tax-lot level realized and unrealized gains and losses across all of your accounts, entities, and managers to see any potential wash sale violations before they happen.  We also support dual listed securities for transparency across global stock exchanges.

our logic-based transaction codes drive hyper efficiency and operating scale for private investments

Private Wealth Systems’ proprietary logic-based transaction codes, built on the foundation of machine learning, allow you to easily adjust cost, cash, market value, and recalculate performance for private investments with a single transaction code, driving meaningful operating scale.

we apply corporate actions globally on the effective date to eliminate errors in exposure, performance, and accounting gain / loss.

Unlike other systems that rely on single custodian application of corporate action events, Private Wealth Systems applies corporate action adjustments globally on their effective date.  For example if you own 1,000 shares of U.S. based IBM across 4 custodians and IBM spins off NewCo in the U.K. effective today Private Wealth Systems will adjust your cost, quantity, and market value for IBM, NewCo, U.S. Dollars, and Pound Sterling today across all custodians so you have immediate understanding of your exposure, performance and investment gains across all custodians, countries, and currencies.

as a true multi currency platform we support multiple base currencies for the same portfolio

Private Wealth Systems supports multiple base currencies and normalize all cost, value, flows, and performance across reporting currencies.  As a global investment accounting system that supports every component of every transaction in every asset class and currency we capture the exchange rates for trade/local, settlement, and base currencies for each transaction supporting all 16 decimal points to avoid generating rounding errors.

we support tax lot relief methods at the account and transaction level to provide accurate realized gain / loss analysis

Private Wealth Systems supports multiple tax lot relief methods including; FIFO, LIFO, High Cost, Average Cost, Pro Rata, Specific Lot, and other methods.  Our system supports the tax lot relief method for the account as well as for each individual transaction to ensure the most accurate realized gain / loss reporting.

Perfomance Calculation

Private Wealth Systems goes beyond other performance calculation engines to provide the highest level of data accuracy and integrity, which has been proven in side by side comparisons with third party systems.  Our platform provides true daily time weighted returns (DTW) and internal rate of return (IRR) across; tax-lots, contributions, securities, accounts, managers, asset classes, sectors, currencies, countries, and custom groupings. Our proprietary accrual calculator ensures accruals are calculated correctly each day based on instrument and jurisdiction for the most accurate total market value and thus the most accurate performance. Our IRR calculation takes fewer iterations than Microsoft Excel and has proven to be more accurate.  When basis points matters Private Wealth Systems delivers data you can trust.

Fastest Growing Tech Companies | Private Wealth Systems

Multi-Asset Portfolio Management

Private Wealth Systems supports every asset class, from equities, fixed income, and derivatives to private equity, hedge funds, and currencies, providing instant access and analysis of drivers of risk, volatility, return, income, expense, gains, and losses.  Our industry-first data model allows each stakeholder to classify and structure their data any way they want for faster and more personalized analysis and decision making.

reduce your technology costs with a single platform that supports the most complex investments portfolios and balance sheets

Private Wealth Systems is a single multi-asset, multi-custodial, multi-currency portfolio management and accounting system that supports every asset class, from equities, fixed income, and derivatives, to private equity, hedge funds, real estate, to give immediate analysis by portfolio, entity, partnership, asset class, sector, country, currency, security or any custom grouping

increase personalized engagement with custom classifications for each stakeholder

Private Wealth Systems delivers unprecedented control by empowering you to create custom attributes at the individual holding level under any account.  This means two members of the same family can have opposing views on a security and our system supports those views for personalized analysis, reporting, and management.  Of equal importance this is accomplished with a single security master to ensure the integrity and accuracy of the data.  Is Apple socially responsible?  Is Amazon retail or technology?  Only you can answer what is right for you.

view and analyze your net hedged exposure regardless of asset class or currency

Private Wealth Systems portfolio manager allows you to associate a derivative instrument(s) with its underlying position to see gross and net hedged exposure for better risk management.

world benchmarks

You can associate a standard or custom blended benchmark at the holding, account, sector, asset class, country, portfolio, theme or strategy.  We save benchmark weighting each night to maintain the integrity of historical time series analysis.

manage even the most complex entity structures quickly and easily

You can easily create and view portfolios across complex entity structures.  Our platform maintains a complete time series tracking all changes in ownership over time.

No Fixed Hierarchy - True Flexibility

  • Partnership Investment Fund – …
    • Partner One (30%) – …
      • Public Investments – …
        • Asset Class – …
          • Cash – …
          • Equity – …
            • Manager – …
            • Theme/Strategy – …
            • Market Capitalization – …
            • Style – …
            • Sector – …
            • Investment – …
            • Tax Lot – …
          • Fixed Income – …
            • Treasuries – …
            • Government – …
            • Agency – …
            • Corporate – …
              • Rating – …
              • Duration – …
              • Manager – …
              • Company – …
              • Tax Lot – …
            • International – …
          • Preferred/Hybrid – …
          • Options/Forwards – …
          • Structured Products – …
          • Custom Groupings – …
      • Private Investments – …
        • Private Equity – …
          • Venture Capital – …
          • Real Estate – …
            • Commercial – …
            • Residential – …
            • Industrial – …
              • Region – …
              • Class – …
              • Property Name – …
              • Contribution 1 – …
            • Core – …
            • Core Plus – …
          • Growth Capital – …
            • Sector – …
            • Country – …
            • Investment – …
            • Contribution – …
          • Mezzanine Financing – …
          • Leveraged Buyout – …
          • Special Situations – …
          • Fund of Funds – …
          • Direct Investments – …
        • Hedge Funds – …
          • Long/Short Equity – …
          • Market Neutral – …
          • Convertible Arbitrage – …
          • Distressed Investing – …
          • Special Situation – …
          • Long Only – …
          • Short Only – …
          • Risk Arbitrage – …
          • Global Macro – …
          • Fixed Income Arbitrage – …
        • Direct Investments – …
      • Personal Assets – …
        • Art – …
        • Residence – …
        • Collectibles – …
      • Loans/Notes – …
    • Partner Two (15%) – …
    • Partner Three (25%) – …
    • Partner Four (30%) – …

Client Reporting

our award-winning reports have been called the most visually engaging and design-forward in the industry.  We view design as a way to communicate complex information in the most intuitive way.  Design alone does not meet the industry need which is why our proprietary report builder allows each individual to see the information they want, structured, and formatted the way they want for personalized engagement.

our data model empowers you to see the information you want grouped the way you want

Private Wealth Systems is table-based and does not have fixed hierarchies for reporting.  This allows you infinite flexibility in creating report groups that consist of any combination of accounts, entities, and holdings so each user can see the information they want, structured the way they want, classified the way they want.

faster reporting - quickly run any report with stored performance, benchmark weightings, and classifications

Private Wealth Systems calculates and stores performance, benchmark weightings, and security classifications each night to ensure the fastest response times in the industry for generating reports.  Our system also runs intra-day calculations every ten minutes to ensure any incremental changes or updates are captured and processed to maintain the highest level of data accuracy.

eliminate hard coded report structures with the industry's most flexible data model

Private Wealth Systems award winning report model is unique because it dynamically builds reports based on attributes and levels, not on pre-defined hierarchies and classifications that are fixed and rigid, allowing for real-time personalized configurations for securities, accounts, entities, portfolios, managers or any custom grouping for each individual stakeholder delivering truly personalized engagement at mass-scale.

personalize data for each stakeholder without creating multiple security masters

Private Wealth Systems data model is a true industry-first, allowing for mass personalization with global scale.  Users can create custom classifications at the individual holding level under different accounts with associated ownership IDs which allows us to maintain a single security master but with individualized classifications for each stakeholder.  Other systems require multiple custom security masters which generate consistent errors.

access to a full report library or customize any report

Our report library includes templates for allocation, performance, gains / losses, derivatives, balance sheet, and dashboards.  You can select from a pre-defined report or customize any report to see the information you want.

Client Portal

our secure, point-click client portal is designed to provide simple, context-based navigation so wealth owners and advisors can easily gain oversight over the most complex global wealth.

personalized configuration for individual experiences

Your portal is designed for you so you can see the information you want, when you want, grouped, structured, and classified for you.

the first personal financial management (PFM) tool for ultra high net worth investors

our portal supports the most complex wealth, from complex entity structures and sophisticated financial instruments to multiple manager analysis and global allocations, you will have the key performance indicators (KPIs) you need to gain control.

data security and privacy is our strength

In our industry data privacy is a matter of life safety.  Our cyber and operational security controls have been audited and approved by several of the largest financial services companies in the americas and europe.  From multi-factor authentication, encryption at rest and transit, and continuous application scanning to data leakage prevention, network scanning, and private network infrastructure we maintain one of the highest levels of investment in data privacy throughout the industry.

our client portal is part of our core platform so all enhancements made to our platform are available in our portal

Private Wealth Systems portal is the same code base as our accounting, portfolio management, and client reporting platform.  This allows users to immediately benefit from new features and updates made to other parts of the platform, and supports far more data than other systems that require integration with third party systems.

Ready to get started?

CONTACT US

Private Wealth Systems is a global financial technology company that is solving the financial industry’s structural challenges of data, scale, and security in order for those who manage complex investment portfolios to have the information they need to make the most informed decisions. The Company’s private cloud suite of multi-asset, multi-manager investment software includes account aggregation, data reconciliation, performance calculation and client reporting that supports even the most complex global balance sheets.

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Recent Posts

  • Scaling Financial-Reporting Accuracy in the Age of High-Dimensional Big Data February 5, 2021
  • Private Wealth Systems Adds $100 Billion in Family Office Assets to its Consolidated Investment Reporting Platform February 5, 2021
  • Top Reasons Why Your Data Is Failing You April 10, 2020

Contact Us

106 Langtree Village Road, Suite 301
Mooresville, NC 28117

Email
info@privatewealthsystems.com

Phone
+1 (980) 500-3000

©Private Wealth Systems 2021. All Rights Reserved | Privacy Policy
  • Solutions
    • Account Aggregation
    • Data Management
    • General Ledger Accounting
    • Performance Calculation
    • Portfolio Management
    • Client Reporting & Portal
  • Who We Serve
    • UHNW Wealth Owners
    • Chief Investment Officers
    • Accountants
    • Wealth Advisors
    • Data Operations
  • News & Resources
  • About Us
  • Contact Us
  • Watch a Demo
  • Careers
Private Wealth Systems

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