M and A
Deals Of The Day: The Latest In Wealth Management M&A - Private Client Resources

The latest M&A deals in wealth and asset management.
Private
Client Resources has finalised its purchase of the European
data aggregation firm Check6, a sign of how the
market for pulling information together in the wealth
management space is growing worldwide.
The companies have completed integration of their technologies
and are serving customers globally. Check6 employees will become
an integral component of the PCR service model delivering in
time-zone support, training and data operations. Check6 is based
in the Netherlands; PCR is based in the US.
“We are very excited to partner with the Check6 team in expanding
our European presence. They have done a great job connecting to
the major European institutions and provide instant fulsome
European data source coverage for the PCR network,” Bob Miller,
chief executive of PCR, said.
Sebastian Verkuilen, founder and CEO of Check6, said: “PCR was an
obvious partner for us to roll data aggregation services out
globally. The companies share a common vision of the importance
of data and a similar technological, privacy-first approach to
data aggregation. PCR has solved the core challenges to complex
aggregation including automated aggregation of alternative assets
and privacy management at scale. For Check6 stakeholders,
the opportunity to partner in developing a one-of-a-kind global
aggregation provider was too compelling to pass up.”
PCR serves institutions, advisors, family offices, pensions,
foundations and outsourced chief investment offices and tech
providers. It streamlines how data on hard-to-aggregate client
assets are managed. Check6 provides feed-based aggregation
services, and is used by a range of institutions, wealthy
families and advisors.