Wealth management software firm Vestmark has announced a new partnership that it says focuses on the ‘key to wealth management firm growth.’
The firm has teamed up with PureFacts Financial Solutions, a global leader in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector, to provide enhanced billing solutions, enriched by AI, for Vestmark’s technology platform.
"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.”
Vestmark’s platform offers portfolio management, trading, and client reporting and the firm says the billing is a vital component, with the PureFacts integration enabling various billing options including AUM-based, account-based, hourly, retainers, and more, enabling advisors to track and optimize revenue.
PureFacts is headquartered in Canada and includes the country’s major banks among its clients along with Fidelity, Cetera, BNY Mellon Pershing, Harbourfront Wealth Management, Schroders, and Brown Brothers Harriman, according to its website.
"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."
In March, Vestmark announced a strategic partnership with Pensionmark Financial Group to create an innovative and dynamic platform called World MAP to streamline advisors’ operations and provide the tools they need for today’s clients.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
