CHARLOTTE, N.C., Nov. 1, 2018 /PRNewswire/ -- Private Wealth Systems, Inc. – an innovator in delivering financial intelligence and oversight to family offices across the globe, has announced Tapestry, a leading provider of lifestyle management services for non-financial assets of ultra-high-net-worth individuals, will be the first partner in its new family office digital ecosystem.

This partnership brings together the two leaders in the family office industry to empower ultra-high net worth individuals and their trusted advisors with actionable intelligence across their entire balance sheet, supporting financial and non-financial holdings, in order to improve the management of their total wealth.

"We are excited to introduce Tapestry Associates as our first partner given their incredible depth of knowledge and expertise in working with the world's largest family offices to help improve the acquisition, management, and divestiture of sophisticated, non-financial assets.", said Craig Pearson, CEO Private Wealth Systems. "Our new family office ecosystem is predicated on our mission to empower ultra-high net worth individuals with the information and access they need to take an active role in managing all facets of their wealth—from financial to non-financial assets such as art, personal real estate, and collectibles. Over the coming weeks we will announce additional partners that have unique depth of experience in providing solutions that improve the day-to-day aspects of families with sophisticated wealth."

Integrating technology with industry expertise across the entire ultra-high net worth spectrum benefits global family offices and their advisors in ways no single firm could. Now individuals with sophisticated wealth have a single digital destination that will support their evolving financial needs regardless of asset type, global jurisdiction or ownership structure.

"Our full-service lifestyle management offering is a natural complement to Private Wealth Systems' Financial Intelligence Platform to help ultra high net worth individuals with the information and services they need to make informed decisions about their wealth. Often times ultra-high net worth families have more of their wealth invested in non-financial assets, so it's imperative that non-financial assets are managed with the same level of discipline and professionalism as financial holdings", said Anne Lyons, CEO of Tapestry Associates. "We are thrilled to be the first partner in Private Wealth Systems new family office ecosystem."

"This collaboration among the industry's most forward-thinking firms is the first step toward creating a consortium of highly specialized services with unmatched industry knowledge to support all aspects of an ultra-high net worth individual's life; from investment intelligence and accounting to lifestyle management and administration." said Pearson. "This is another step towards our company's mission to eliminate the friction of siloed information across our industry."