Vestmark, a wealth management software and services provider, and PureFacts Financial Solutions, an global expert in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sectors, have entered a joint venture to improve billing solutions and enable agile, faster operations for wealth management officials.
Recognised for its main platform that includes trading, portfolio management, and client reporting, Vestmark discovered that billing is an essential part of its full service.
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An integrated billing platform that supports a variety of billing models, such as AUM-based, account-based, hourly, retainers, and more, is made possible by the cooperation with PureFacts.
With its modern PureFees platform, PureFacts Financial Solutions has become an established name in the world of revenue management and billing, providing an AI-enhanced, end-to-end revenue lifecycle process.
The enterprise billing platform from PureFacts is built to grow, meeting the various requirements of various kinds of wealth and asset management companies.
PureFacts’ platform gives Vestmark clients the ability to track, measure, and increase every dollar as part of an extensive suite of tools available to financial advisers who use Vestmark’s tailored investment solutions.
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By GlobalDataThis flexibility supports a variety of business models, from small independent practices to broad national clients and regional broker-dealers and wealth managers.
Karl Roessner, CEO of Vestmark stated: “This partnership with PureFacts represents a necessary step in Vestmark’s journey to provide a comprehensive, end-to-end solution for a wide range of firms in the wealth management space, including broker-dealers, RIAs, RIA aggregators, asset managers, and other service providers. We are extremely pleased to be partnering with a cutting-edge firm with a focus on fee billing excellence and scalability.”
“We are excited to partner with Vestmark to bring our innovative billing solutions to the US market to help their clients grow,” added Robert Madej, CEO of PureFacts Financial Solutions.
“Our collaboration signifies a win-win partnership, combining Vestmark’s robust technology platform with PureFacts’ industry-leading revenue management capabilities. Together, we will further empower financial professionals to deliver exceptional, personalised client experiences.”
