Why Wealth Management Firms Need Better UMA Billing

May 26, 2020 |

Fee-based advice has been growing steadily for the past twenty years despite fee compression driven by robo-advisors and passive management strategies. This has pushed wealth management firms to start looking for ways to make their managed account programs stickier (less likely for clients to leave) and provide added value, both in service and performance.

Vestmark Partners with Redi2, Giving VestmarkONE® Platform Users Access to Scalable Billing Tool for Managed Accounts

Vestmark Continues Forging Industry Relationships in Ongoing Effort to Provide a Seamless, Fully Integrated Solution

April 21, 2020 |

Vestmark, Inc. announces a strategic partnership with Redi2 Technologies, Inc. that will give financial institutions and registered investment advisors (RIAs) access to the Redi2 Wealth Manager™ billing solution through the VestmarkONE® platform.

CircleBlack Selects Redi2’s BillFin™ for Advanced Fee Billing Partner

CircleBlack is a wealth management platform that provides financial advisors with all the tools necessary to manage their clients and portfolios.

February 25, 2020 |

CircleBlack, a wealth management platform that provides financial advisors with all the tools necessary to manage their clients and portfolios while seamlessly integrating a practice’s technology applications, today announced that it has selected Redi2 Technologies' BillFinTM solution, as their provider of hosted advanced fee billing, which will be available through the single sign-on hub that is a hallmark of the CircleBlack experience.

3 Tips for Designing Performance Fees as an Asset Manager

Trends in the use of performance fees in the asset management industry

November 27, 2019 |

Performance fees for asset managers can be seen as a double-edged sword – driving revenue when markets are rising but slicing away profits in flat or falling markets. As with Hamilton’s bared sword, the debate over performance fees has threatened to disrupt the asset management industry.

BillFin Launches New Support Center

BillFin Support Center and Knowledge Base are available to support customers 24/7.

July 30, 2019 |

Our new BillFin Knowledge Base is a collection of easy to follow articles/instructions to solve the most commonly occurring challenges our customers face when using BillFin.  

Why Your Fee Billing System Is Opening You Up to Regulatory Risk

The SEC has been on an examination streak, boosting the number of audits by an incredible 137%

July 17, 2019 |

Over the past six years, the SEC has been on an examination streak, boosting the number of audits by an incredible 137%, according to their 2018 fiscal year annual report.  In 2018, the SEC’s Office of Compliance Inspections and Examinations (OCIE) audited 17% of RIAs (2,312 firms), which is more than double the 8% audit rate in 2012. One area that regulators have been paying special attention to is billing practices. The SEC has issued multiple letters stressing that billing operations must now be held to higher standards. The U.S. Department of Labor (DOL) has also chimed in, demanding that industry participants focus on providing fee transparency to clients.