Case Study: Pragma Wealth Management achieves data democratization and productivity gains with Backstop Solutions

Pragma Wealth Management - Customer Case Study

Pragma Wealth Management faced the challenge of evolving from a family office into an institutional-quality wealth manager while its investment team relied on decade-old, fragmented data practices—notes in emails and scattered Word and Excel files—that limited collaboration, consistency and operational due diligence. To solve this, Pragma selected Backstop Solutions to “democratize” its data and centralize information access across the firm.

Backstop Solutions deployed a turnkey platform (including Backstop Multi-Asset Class Research Management, Backstop Portfolio Management and Backstop Investor Portal) to consolidate documents, research and workflows, tagging legacy data to assets and managers. Within two months staff were fully using the system, analysts’ operational time fell from nearly 50% to under 20% (CIO time dropped from ~40% to under 20%), productivity and idea generation increased, third‑party interactions improved, and the firm gained consistent reporting, audit trails and investor-facing portals.

Pragma Wealth Management

David Smith

Director