Partnership Brings Together Best-of-Breed Data Aggregation Solution, and Institutional-Grade Portfolio and Client Management Platform for High-Net and Ultra-High-Net Worth Advisors and Multi-Family Offices
NEW YORK and TORONTO, Dec. 9, 2020 — Private Client Resources (PCR), the leading provider of total wealth data aggregation services to ultra-high-net worth families and institutions, and d1g1t, Inc., the first provider of an enterprise wealth management platform powered by institutional-grade analytics and risk management tools, today announced a new strategic partnership.
Under the terms of the agreement, PCR’s digital consent technology, global feeds and alternative investment data capabilities will be integrated into d1g1t’s leading wealth management platform, creating a best-of-breed data aggregation and institutional-grade portfolio and client management solution for high-net and ultra-high-net-worth advisors and multi-family offices.
Thanks to the partnership, firms will be able to normalize client data from multiple sources, including custodians, broker-dealers, funds and off-book assets in the U.S., Canada and Europe. Along with d1g1t’s institutional-grade analytics and risk management tools – which are the most advanced on the market, capable of evaluating a broad range of holdings, encompassing everything from liquid assets to private equity – this means advisors can offer clients deeper insights and the most complete picture of their wealth.
Bob Miller, CEO of PCR, said, “We are very excited to partner with d1g1t. Thanks to Dan and his leadership team, the firm has a clear vision for how advanced analytics, delivered through each stage of the advisor-client experience, can drive better results for their customers. Through our unique capabilities, we look forward to helping them take the next step in their business. A common belief weds all good partnerships, and the one between PCR and d1g1t is no different – we both believe that whoever masters the data will win.”
Dr. Dan Rosen, co-founder and CEO of d1g1t, Inc., said, “Our goal is to deliver to firms an unparalleled, end-to-end wealth management platform to run a modern advisory business, providing them all the client and portfolio information they need, at their fingertips, to elevate the client experience. PCR allows us to offer easy and smooth access to a continuous, reliable and accurate stream of investment data that allows advisors to focus on scaling the high-value, human services that set them apart in an increasingly automated and digital world. We are delighted to partner with them.”
As a result of this partnership, Toronto-based d1g1t can provide better support to U.S. and European-based wealth management firms – especially multi-family offices that cater to high-net and ultra-high-net-worth investors – while PCR will further expand its Canadian presence.
The move follows a growing thirst among wealthy families and institutional investors for investing in private equity funds, hedge funds and other complex investments that create added portfolio diversity and extra yield in an era of low-interest rates.
But because many firms have trouble providing a complete picture of a client’s wealth – relying mostly on manual processes that are error-prone and subject to key-person risk while also offering limited analytics and insight into their investments and goals – many firms have struggled to keep up with this trend. The combined PCR/d1g1t technology solution solves that problem.
Dr. Rosen continued, “We share the PCR vision that no asset class should be left behind – and believe that this applies equally to analytics as well as data aggregation.”
About Private Client Resources (PCR)
PCR provides institutions, advisors, family offices, pensions, foundations, OCIO’s and technology providers an easily implemented data-utility that streamlines how data on hard-to-aggregate client assets are managed. In doing so we are driving wealth management innovation allowing firms to invest in their next great idea – not collecting, normalizing and reconciling data. Our innovative privacy-technology is at the forefront of a new generation of data sharing. PCR aggregates hundreds of billions in assets for hundreds of global clients in the US, Europe and Canada.
For more information, visit www.pcrinsights.com
About d1g1t Inc.
d1g1t is the industry’s first enterprise wealth management platform powered by institutional-grade analytics and risk management tools that allows firms to elevate the quality of their advice and demonstrate its value to clients. Through a single integrated solution that covers the entire advisory lifecycle, d1g1t provides wealth management firms with a whole new set of capabilities they’ve never had before. Headquartered in Toronto, the company was founded and is led by an experienced financial technology team who have developed leading enterprise portfolio systems for many of the world’s banks, institutional asset managers, hedge funds and regulators.
Visit d1g1t.com to learn more. Follow us on LinkedIn.
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For full press release: https://www.prnewswire.com/news-releases/private-client-resources-pcr-and-d1g1t-form-strategic-alliance-to-deliver-integrated-solution-to-wealth-management-firms-with-worldwide-reach-301188980.html