US-based wealth data aggregation services provider Private Client Resources (PCR) has teamed up with fintech and advisory firm GRMA.
GRMA, also headquartered in the US, is known for offering curated data and reporting on a SaaS basis.
The company serves asset managers, family offices, endowments, foundations as well as fund administrators, among others.
Under the agreement, GRMA’s SaaS-based technology and risk management expertise will be integrated with the data aggregation functions of PCR.
GRMA founder and managing director Samuel Won said: “Many firms and institutions today are struggling with aggregating disparate investment data and producing comprehensive and meaningful reporting and analysis for their holdings, performance attribution and risk management for their entire investment portfolio of liquid and illiquid investments.
“We are excited about closing this significant gap that exists in the marketplace by collaborating to roll out this compelling offering.”
The combined offering will support data capture and outsourced reporting for multi-asset class portfolios.
Users of the service will get a holistic view of portfolio exposures along with market, credit and liquidity risk.
At the same time, the combined proposition will facilitate “full performance attribution and benchmarking for equities, fixed income, hedge funds, private equity, real estate, and real asset investments”.
PCR CEO Robert Miller said: “We are excited to be partnering with GRMA to offer their clients a complete aggregation and normalisation solution that delivers pure and actionable data from every asset class and instrument type directly into their management platform.”
Last year, PCR secured a major investment from private equity firm Public Pension Capital (PPC).