Ascentix, a financial technology advisory services provider, has entered into a strategic alliance with revenue management software provider PureFacts Financial Solutions to create a joint platform to transform revenue operations and fee management for enterprise wealth management firms.
This partnership tackles an emerging operational crisis for global wealth organizations: inefficient fee modeling, outdated billing infrastructure and manual reconciliation that diminishes profit and increases regulatory risk. Combining Ascentix’s comprehensive wealth tech and operational transformation knowledge with PureFacts’ AI-based revenue management platform, the collaboration offers wealth management organizations a seamless solution for end-to-end automation of fee modeling, revenue protection and billing operations.
“There is ever-increasing demand from private equity sponsors for their RIA portfolio companies to achieve aggressive growth targets,” said Larry Roth, Founder & Managing Partner of Ascentix. “Historically, solutions for addressing these growth expectations have been restricted to a combination of asset growth, cost cutting and client acquisition.”
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Behind the Scenes: Fee Governance Powered By AI and Revenue Automation.
Previously, many large firms like wealth managers, broker-dealers, and asset managers performed all their calculations for revenue sharing, advisor fees and payout schedules on legacy accounting systems, proprietary repositories and spreadsheets. As companies increased the number of asset classes, wrap-fee programs and tiers of advisor fees, manual billing systems caused data lag, administrative complexity and billing errors.
These operational bottlenecks are overcome by Ascentix and PureFacts’ joint solution, a purpose-built, technology-enabled solution:
Fee Engine & Billing Analytics Automated fee engine: PureFacts automatically queries thousands of portfolios in real time across complex account data, custodian feeds, and multi-tiered fee schedules to calculate, bill, and collect.
AI Powered Revenue Leakage Identification: ability to automate the identification of unbilled assets, wrong fee tiers and missing billing schedules that lead to revenue leakage for the firm.
Architectural Integration & Change Management: Ascentix is also responsible for the strategic planning, migration, and workflow process integration of the platform to keep the rhythm of your advisory business as usual, in between your CRM / custody and your ERP.
Strategic Impact on the Revenue Operations and Wealth Management Industry
Unifying specialized wealth tech consulting with automated revenue management software introduces fundamental structural realignments across the Revenue Operations (RevOps) and Wealth Management landscape:
1. Transitioning from Retrospective Billing Audits to Real-Time Fee Governance.
What it takes to modernize wealth management RevOps still mainly a reactive back-office activity that audits quarterly to uncover billing mistakes and fee splits for accuracy. Going the fully automated, AI-enabled billing platform route makes revenue management a real-time control plane. A wealth enterprise can keep a continuous eye on fee compliance, aligning billing terms to the client agreement, before compliance fines can accrue.
2. Plug Revenue Leakage to Expand Operating Margins.
In large wealth businesses, unbilled assets and skewed fee tiers claim away 1-3% of revenue from operating margins each year without anyone realizing. Removing manual calculation errors and automating complicated payout splits enables CFOs and RevOps leaders to recover revenue from the invoice to the bottom line, in turn quite a bit improving net operating margins all without raising client fees or headcount.
3. Accelerating Time-to-Market for Custom Financial Products
When wealth management companies are creating new types of fees, such as a subscription model for planning advice, performance-based bonuses, or tiered family office fees, legacy billing solutions can be significant bottlenecks to product rollout. A flexible, API-enabled revenue engine allows your product teams to quickly introduce and charge for new wealth products to win early-mover advantages.
Total Impact on Businesses in the Wealth Tech & Financial Services Industry.
Ascentix’s partnership with PureFacts has established high benchmarks for enterprise wealth managers, advisory networks and FinTech software vendors by:
Decommissioning Manual, Spreadsheet-Driven Billing Processes: firms still managing their billing via a manual billing mechanic will experience an unconscionable cost-to-serve ratio and increased audit risk. It will be a key focus of enterprise procurement to identify and replace these processes.
Closer Integration of Back-Office Billing and Front-Office CRM: Linking fee governance platforms directly with front-office advisor workstations enables financial advisors to access fee schedules and billing details in real time. This improves transparency for clients, strengthens client trust, and supports higher client retention (LTV).
Consolidation Around Specialized FinTech Partnerships: As financial technology ecosystems become more interconnected, wealth institutions will increasingly move away from isolated software tools. Instead, market leaders will emerge from partnerships that blend specialized strategic consulting with effective software solutions.
Conclusion
Ascentix joins forces with PureFacts The Ascentix Partnership will redefine wealth management infrastructure. The integration of revenue management solutions and deep enterprise implementation experience will address the fundamental bottlenecks destroying wealth margins. For the industry altogether, this deployment validates that the secret to profit in the coming decades is to transform revenue administration from a manual process into an automated, high-precision growth engine.
