Private Wealth Systems, which officially launched last month, garnered $1 billion from new clients in March in a sign of heightened industry demand for the types of services it provides.

The recently-launched technology firm, Private Wealth Systems, said it added over $1 billion in net new assets last month.

Private Wealth Systems was co-founded by Craig Pearson (pictured) and Joanne Frawley and is based in the fintech hub of Charlotte, NC.

The firm is aimed at ultra high net worth families, family offices and private banks, but is also seeing demand from RIAs and high net worth individuals.

The launch of Private Wealth Systems came at a time of sustained and heightened industry focus on the topic of client wealth reporting as clients demand greater control over their wealth and, crucially, want error-free data wherever they are.

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