GenSpring's Pete Balderston Joins Private Client Resources Management Team

WILTON, Conn., July 16, 2013 /PRNewswire/ -- Private Client Resources (PCR), a leading outsourcing specialist of private wealth reporting and integrated technology, and a major competitor of both Advent Software and Envestnet, announced that Pete Balderston (former Head of Operations and Integration at GenSpring), has joined the firm as Senior Managing Director, where he will lead PCR's Data Service and Client Engagement teams.

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Mr. Balderston has more than 20 years of experience in wealth management and private banking services and products, including investment management, risk management, and credit and banking products. He joins the firm from GenSpring Family Offices, where he held the title of Managing Director, Operations and Integration. There he oversaw the selection and integration of technology solutions and the design and build out of the firm's operational processes to impart scale and uniformity across GenSpring's functional areas, including the integration of newly acquired partners. Before joining GenSpring in 2006, Pete held several senior positions at JP Morgan Private Bank from 1996 to 2005, including serving as Managing Director & COO of Credit & Banking Products since 2002. From 1983 to 1996, he held various positions at institutional and multi-family office firms.

"Pete is a recognized leader in the private client wealth arena and brings with him a depth of experience and knowledge to PCR," said Robert Fiore, President and CEO of PCR. "His expertise and proven leadership are a perfect match for the extraordinary growth PCR is experiencing and the opportunities we see ahead."

Mr. Fiore continued, "Pete is joining PCR at a pivotal juncture for our firm, as industry members are migrating away from the traditional in-house approach to their aggregation and private wealth reporting needs in favor of engaging a specialist provider such as PCR."

"I have followed PCR for many years and have always been impressed with their capabilities, which have evolved and advanced as rapidly as the wealth advisory model," said Mr. Balderston. "RIAs of all stripes and private banks face an ever-increasing competitive landscape, and PCR's turnkey reporting solution allows them to focus on their core asset gathering and management competencies while maintaining highly flexible, state-of-the-art reporting and MIS technology. I'm very excited to be joining PCR at such a critical inflection point in our industry."

About PCR
Private Client Resources is a leading outsourcing specialist of private wealth reporting solutions and integrated technology, serving RIA Firms, Family Offices and Private Banks. PCR's service offering is results-driven and includes innovative tools that deliver a broad range of capabilities and customized solutions, including high-quality aggregated data for both traditional and alternative investments, premium client reporting with full multi-currency, document management, research and risk analytics.

Headquartered in Wilton, Conn., PCR is a value-driven service partner committed to positioning its clients for sustained growth.

For more information, please call (203) 762-9006 or visit www.pcrinsight.com.

SOURCE Private Client Resources

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