ELIMINATE THE FRUSTRATION OF ACCURATELY MANAGING FEES
Our PureFacts Fees & Billing solution provides the industry’s most flexible and accurate fee calculation and billing options for fee-based programs.
Our robust calculation and processing engine performs well on large data sets ensuring high-performance fee calculation and posting times.
Calculations and reports are completed in hours instead of weeks. Your firm benefits from greater flexibility, streamlined processes, increased accuracy, transparency, and scalability.
INCREASE FEE CAPTURE, REDUCE REVENUE LEAKAGE
Wealth management firms may be missing out on millions of dollars worth of uncalculated fees. For example, their current fee calculation infrastructure may prevent them from:
Calculating and collecting minimum fees
Identifying and reducing advisor discounting below minimum levels
Charging advisors or clients for excessive trading activity
Our industry-leading fee calculator prevents revenue leakage while creating new revenue opportunities for your firm.
Accurately calculates all fee-based fees:
Management, trade, performance, and referral fees, disbursements and commissions.
Totally transparent fee calculation process:
Easier for advisors to explain costs to their clients.
Handles all fee exclusions, asset class fee schedules, daily fee calculations, closing fees, data anomalies, and integration with other systems (posting files, accounting systems, and CRM).
Control and workflow:
Empowers your users to control fee calculations and validation with automated workflows that easily process fees, provide better governance, and make it easy to spot and ﬁx errors.
Different lines of business, one platform:
Manages multiple lines of business and unique fee-based programs within the same platform with revenue reporting across all lines of business.
Custom fee reporting:
Handles reporting requirements tailored to your firm’s specific needs.
Seamless data integration:
Bridges data to and from different enterprise data sources and destinations: accounting, data warehouses, CRM systems, onboarding, CRM2 reporting, statements, and portals.
Satisfies compliance and audit requirements:
Stores a full history of fee parameters and fee calculations.
Aggregates accounts and group assets across members of a household or family, and household accounts across multiple fee-based programs.
Scalable, cloud-based platform:
Enables more efficient operations, automated updates, reduced compliance risk, easier reporting, and scalability to support your firm’s growth.
“Eliminating the manually intensive and high-risk process of uploading statements was a big win for us. Now it’s all done with one click of a button.”MANAGER, INVESTMENT COUNSEL SERVICES
“We view this as a long-term relationship with a partner. Everyone understands my business and sincerely wants us to be successful.”DIRECTOR, SENIOR VP AND COO
“PureFacts has been a great business partner for us. We truly value the relationship.”CHIEF INFORMATION OFFICER