SOURCE: PCR Insights

PCR Insights

December 15, 2016 09:00 ET

PCR Promotes Board Vice Chairman Bob Miller to CEO and Unveils New Strategy

Re-organization, mass-distribution program, and new branding designed to bring unique UHNW data services to thousands of wealthy families.

WILTON, CT--(Marketwired - Dec 15, 2016) -  PCR, the provider of TotalWealthViewstm, the premier wealth data aggregation and reporting service for UHNW Advisors and Clients, is pleased to announce that Bob Miller has succeeded Rob Fiore as CEO. Mr. Miller was formerly the founder and CEO of CorrectNet and a pioneer in ultra-secure client reporting solutions for the top global institutional wealth managers.

Mr. Miller joined PCR as its Vice Chairman and Strategic Advisor last year to help bring the company's recent technology investments to market. During this period, PCR crystalized its value proposition, introduced disruptive non-basis point pricing, and launched a distributor program that is now enabling software and other technology providers to re-sell the company's unique UHNW services.

"My mandate from our owners is crystal clear. First, make sure the 1,200 families we currently serve benefit from the innovations we are now bringing to market -- they helped build our business and we are committed to their continued success. Next, capitalize on our unique capabilities and recent investments to grow the business in new ways from our current $125B to $500B in assets aggregated," said Mr. Miller. 

The company also announced executive team promotions. Adam Carta, formerly Senior Director of Operations, was promoted to COO with responsibilities over every aspect of the delivery platform. Bill Hiza, formerly manager of the financial analyst team, was promoted to Sr. VP Client Experience. Bill Lichtwald, a 20 year FinTech enterprise sales veteran, has been moved to Sr. VP Head of Sales.

Josh Fidler, Chairman of PCR said, "Bob has the full support of the board, investors and management in this transition. I am personally looking forward to our partnership growing PCR and taking the company to the next level on technology. Bob shares our passion for PCR's business, as well as possessing an enormous practical experience and insight into how we can capitalize on our strengths and better serve our clients."

Mr. Miller added, "We address the needs of the almost 72,000 North American UHNW families different than many of the new comers - primarily the software providers. We were founded by wealthy families that felt they could not get a complete and accurate picture of their wealth. As the industry evolved and many UHNW advisors connected with this need, our business grew to include major private banks, registered investment advisors and MFO's. PCR clients value that we deliver more than technology. We understand the critical nature of client interactions and provide the people and processes to make sure data is right and communications are accurate."

PCR also announced a Partnership Program which enables software vendors and other providers to automate the integration of PCR data solutions into their platforms on a white-labeled basis at discounted prices. The company expects to announce at least three new partnerships over the next month, illustrating their commitment to make TotalWealthViews available to UHNW clients through multiple channels. In addition, PCR unveiled a brand refresh, logo, website and new marketing materials.

About Private Client Resources
PCR, founded by Family Offices in 2000, powers the interactions between ultra-high-net-worth advisors and their clients. The company delivers data aggregation, integration, reporting and analytics solutions which efficiently deliver a total wealth view critical to providing great advice. The solutions cater to the unique needs of UHNW clients including the consolidation of extensive hard-to-aggregate illiquid holdings, multi-generation wealth structures, complex ownership modeling and custom composite views of their data. PCR's award-winning managed services have long been recognized as the premium solution for UHNW advisors/clients because of their secure process of obtaining data that does not rely on controversial sharing of usernames/passwords, unmatched data quality and service commitment that goes beyond just technology.

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