Complex Fee Calculations - Made Uncomplicated
Each of your clients is unique and you need to cater to their individual needs. But under your current system, allowing exceptions or customized fee schedules means asset managers spend countless hours, even days, managing complex calculations with a hodgepodge of MSExcel spreadsheets.
Additionally, you're faced with managing growth in today's challenging market. Now, more than ever, you need to find ways to improve performance and enhance client service while limiting costs.
Put PureFees unparalleled flexibility and reliability to work for you, so you can streamline your fee calculation process and devote more time to your clients.
- Focus on clients, not the fee process
- Eliminate errors through our automated process
- Create a full audit trail
Offer your clients fully customized fee schedules
Your clients are unique, and you want to tailor your personalized client service accordingly. PureFees simplifies and automates the fee management process such that asset managers can effortlessly offer custom fee schedules to suit all their clients’ needs.
PureFees offers a wide range of options for fee calculation. Automatically calculate fees at any frequency or time interval you or your clients choose. Assess fees based on asset value, trades, or performance. Assign fee schedules to asset classes, accounts, households, or groups. Offer discounts, bonuses, and promotions.
Flexible Fee Calculation
- Group fees by account
- Allow unlimited tiered or flat fees
- Assign multiple fee schedules for one group
- Charge fees within a group by account, asset class, security, or product
Complete Fee Management
- Arrange for payment of disbursements to sub-advisors
- Calculate commissions, performance, referral, and incentive fees
- Calculate closing fees
- Pro-rate fees for new accounts in any given period
- Easily exclude single securities, products, or asset classes by group or firm
Focus on clients, not the fee process
By streamlining the fee calculation workflow, PureFees reduces the time spent on the process from hours to minutes. PureFees allows you to focus your time and expertise where they are needed most: providing superior performance, building client relationships and, managing growth.
- Implement a straightforward, step-by-step process
- Check exceptions along the way
- Enjoy PureFees easy-to-use interface
- Implement easily
- Eliminate errors
- Reduce end-to-end time by at least 50%
Gain insight into your business
PureFees accurately calculates sophisticated fee schedules and exceptions using a robust collection of standard calculation methodologies. Its integrated reports not only provide full breakdowns of each step of the fee calculation process, but also allow your staff to catch potential exceptions before they occur.
Using the auditing and reporting features, create a full audit trail tracking all changes to settings, attributes, and fee schedules. Review historical calculations and past postings while tracking corrections, manual overrides, reversals, and re-postings.
Since PureFees is fully integrated with everything from your portfolio management system to your accounting system, you can rest assured that any changes made in one area will be consistently propagated to every system.
PureFees Allows You to Put Your Information to Work
- Improve business intelligence through Management Reporting
- Identify revenue opportunities with the help of easy-to-create "what if" scenarios
Reporting and Business Intelligence
- Create client, management, or investment advisor reports
- Ensure tax reporting is completed
- Perform exception reporting
- Include full audit reporting
Easy integration with external systems such as:
- Portfolio Management
- CRM (Client Relationship Management)