All Press Releases for May 14, 2015

Craig Pearson Honored for Excellence in Technology

Mr. Pearson is recognized for his role in revolutionizing the private wealth industry



In Mr. Pearson's opinion, knowledge empowers individuals and their advisors to make more informed decisions.

    CHARLOTTE, NC, May 14, 2015 /24-7PressRelease/ -- Craig Pearson, CFA, co-founder and CEO of Private Wealth Systems, Inc., has been recognized for his role in driving transformative innovation in the private wealth management industry. Private Wealth Systems is dedicated to empowering the 200,000 ultra-high net worth individuals who control $27 trillion in wealth, and their advisors, with the information they need to make better, more informed investment decisions.

Prior to co-founding Private Wealth Systems, Mr. Pearson served as president of WealthTouch. He was promoted to president in September 2013 during a corporate restructuring where the board asked Mr. Pearson to become president with the task of restructuring, recapitalizing and selling the company. Mr. Pearson successfully drove the company's recovery and sold the firm in November 2014. During the fourteen month corporate restructuring Mr. Pearson learned many valuable lessons focusing on corporate culture, client relations, raising capital, and intra-office communications. When a company is in distress by its very nature its culture, strategy, and office communications have all failed. As president his main job was creating a new corporate culture and strategy to re-energize the seventy employees, resolve personality conflicts that are inherent during stressful times, maintain and grow revenue, raise capital to sustain the company's recovery efforts, and find a strategic exit to meet the needs of its investors. During the recovery Mr. Pearson was able to drive revenue growth of over 20%, retain key employees and clients, and sell the company to generate a 4.5x return on invested capital for his investors. Mr. Pearson attributes his success to his entire team who remained committed to the company's recovery efforts even during the most challenging times. Mr. Pearson's colleagues attribute his success to his ability to create cross-functional teams, his relentless enthusiasm and persistence when faced with great obstacles, open-minded nature and his communication skills.

He became interested in financial technology when his family, a family with multi-generational wealth, suffered financial hardship based on the inability to have control and oversight over their multiple wealth advisors. In Mr. Pearson's opinion, knowledge empowers individuals and their advisors to make more informed decisions. Without information, transparency, and oversight everyone will experience hardship, regardless of the level of wealth.

Mr. Pearson received a master's degree in finance from Bentley University in 1998. That same year he earned his CFA designation, becoming a chartered financial analyst. Looking into the future Mr. Pearson hopes Private Wealth Systems will have a real impact on helping individuals and their advisors manage their wealth with purpose.

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UPLOADED VIDEO

Meet Craig L. Pearson, CFA