Private Client Resources (PCR), a provider of wealth data aggregation and reporting for family offices, RIAs and private banks, has teamed up with premier securities class action claims recovery specialist Chicago Clearing.
Under the arrangement, Chicago Clearing’s securities class action information services will be integrated into PCR's data aggregation services.
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The integration will help ultra-high-net-worth families to identify claims and recover funds from securities class action settlements.
PCR president and CEO Robert Fiore said: "PCR has spent more than a decade helping advisors better counsel their clients through a unique aggregation of marketable and illiquid data sources enriched to the level of analytics-ready quality. We are extremely excited about our partnership with Chicago Clearing and the opportunity to enrich this data further—returning important economic value to clients."
The alliance will automate a proprietary CCC discovery process, which detects recovery opportunities in the data streams of PCR's clients and alerts advisors of actions to be taken.
“The advisor can then delegate the entire claims process to CCC, from the initial class action filing through distribution of payments to clients. The advisor can track and monitor all of its clients' claims and distributions through CCC's online portal,” PCR said.
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By GlobalDataChicago Clearing CEO and founder James Tharin said: “This relationship will further our mission to recover the funds owed to all harmed investors while helping money managers fulfill their fiduciary responsibility. PCR's clients can now rely on Chicago Clearing Corporation's considerable experience, expertise, and dedication to manage all of their class action settlement claims forever."
