Vestmark and PureFacts Partnership Optimizes Billing for Wealth Management Industry

NEWS BRIEF 3 Industry

Fintech firms Vestmark, Inc., a provider of wealth management software and services, and PureFacts Financial Solutions, which delivers revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector, are joining forces. Their aim is to elevate billing solutions and operational efficiencies for companies in the wealth management space, according to the release.

Vestmark’s platform includes portfolio management, trading, and client reporting offerings. Its partnership with PureFacts, whose PureFees platform offers an AI-enriched, revenue lifecycle process, is expected to deliver an integrated billing platform that supports various billing models, including AUM-based, account-based, hourly, retainers, and more.

“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,” said Karl Roessner, CEO of Vestmark. “We are extremely pleased to be partnering with a cutting-edge firm with a focus on fee billing excellence and scalability.”

The PureFacts enterprise billing platform is designed to accommodate the needs of different types of wealth and asset management firms. The partnership with Vestmark provides Vestmark clients the ability to track, measure, and optimize every dollar, bringing flexibility to support a wide range of business models, from small independent practices to regional broker-dealers and wealth managers, and large national clients.

“We are excited to partner with Vestmark to bring our innovative billing solutions to the U.S. market to help their clients grow,” said 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, personalized client experiences.”