PureFacts and Ascentix target fee leakage in wealth management firms
Advisor Compensation is built to align pay incentives with firm-wide strategy, reduce disputes between advisors and firm leadership, and reinforce revenue-positive behaviours across a practice. Practice Management delivers analytics on client value, pricing benchmarks and advisor effectiveness, with a particular focus on identifying where unnecessary discounting is eroding margin on existing client books.
PureFacts and Ascentix are pitching their combined offering as a way for firms to extract more growth from revenue already embedded in the business, rather than relying on markets or M&A to move the needle.
Pete Hess, president of PureFacts Financial Solutions and former chief executive of Advent Software, said the collaboration speaks directly to what wealth enterprises are grappling with.
“Organic growth is the defining challenge in wealth and asset management today, and few understand it as deeply as Ascentix and PureFacts do together,” Hess said. “This partnership puts that understanding to work for the industry’s leading firms by helping them improve pricing, capture more earned revenue, align advisor behaviour and use trusted revenue intelligence to accelerate profitable growth.”
A Toronto-rooted technology play
PureFacts, which is headquartered in Toronto and serves clients managing a combined $10 trillion in assets under management, has built its client base among some of the largest wealth management, asset management and asset servicing firms in North America and Europe.
