PureFacts Financial Solutions has announced an expanded collaboration with BNY Pershing, positioning itself as the exclusive provider of revenue management, fee billing, and advisor compensation solutions for Pershing clients. The move strengthens the capabilities of Pershing’s Wove platform, its integrated suite of advisory tools by incorporating PureFacts’ sophisticated billing and incentive planning technology.
This strategic alignment aims to enhance operational efficiency and client engagement for wealth management firms by delivering advanced tools that recover lost revenue and drive performance-based compensation strategies.
“Collaborations of this level are why BNY Pershing’s Wove stands out in the market,” said Noam Tasch, Head of Platform Sales at BNY Pershing. “The capabilities that PureFacts brings to our clients help support BNY Pershing’s goal of simplifying, scaling, and revolutionizing the wealth management experience for advisors.”
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Pete Hess, President of PureFacts, added, “The combined power of PureFacts and BNY Pershing’s Wove will help ensure wealth management firms have access to the best solutions to both capture lost revenue and create revenue generating advisor compensation strategies and incentive planning.”
The enhanced partnership reflects a broader industry trend toward integrated platforms that offer scalable, data-driven solutions to support the evolving needs of modern financial advisors.
