Capital Investment Firms Choose PureFact’s PureFees to Scale
RALEIGH, N.C.–(BUSINESS WIRE)–Capital Investment Companies, a prominent independent financial services and brokerage firm in the Southeast of the United States, and PureFacts Financial Solutions, a global leader in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector, today announced an agreement where PureFacts will be implementing PureFees, a market leading fee billing solution to complement another offering of PureFacts, PureRewards to scale their business with key benefits related to operational efficiencies and process automation helping Capital Investment Companies to attract, manage and grow revenue while reducing costs. “This agreement with PureFacts represents a key milestone in achieving service excellence for our advisors and clients,” said Richard Bryant, Co-founder and CEO of Capital Investment Companies. “PureFacts’ expertise in billing solutions perfectly complements their already proven solution PureRewards, seamlessly marrying the process of calculating and collecting clients’ fees with the payout of our advisors’ disbursements, providing our advisors and their clients with the most flexible, transparent and accurate solutions in the market. We are extremely pleased to be partnering with a leading provider and domain expert in revenue management to support our continued growth.” The combined solution of PureFees and PureRewards unleash new benefits in terms of efficiency, standardization and next best action on the performance and the profitability of the enterprise – we are excited to deliver this at Capital Investment Companies. PureFacts’ enterprise billing platform is designed to scale, accommodating the diverse needs of different types of wealth and asset management firms. As part of a comprehensive suite of solutions available to financial advisors, PureFacts’ platform provides Capital Investment Companies with the ability to track, measure, and optimize every dollar. “We are excited to expand our services and offerings to Capital Investment Companies to bring our innovative billing solutions to a recognized financial services leader in the southeast region,” said Robert Madej, CEO of PureFacts Financial Solutions. “The combined solution of PureFees and PureRewards unleash new benefits in terms of efficiency, standardization and next best action on the performance and the profitability of the enterprise – we are excited to deliver this at Capital Investment Companies.” About Capital Investment Companies Headquartered in Raleigh, Capital Investment Companies has been a leading independent financial services provider in the Southeastern United States. Capital Investment Companies is comprised of Capital Investment Brokerage, Inc. and Capital Investment Group, Inc., registered broker/dealers (Members FINRA/SIPC), Capital Investment Counsel, Inc. and Capital Investment Advisory Services, LLC (two SEC registered investment advisory firms) and their affiliates. Capital Investment Companies, along with its affiliates and strategic partners, offers a diverse range of financial services, including traditional investment brokerage, money management, investment banking, trust services, mortgage services, estate planning, insurance services, retirement plans, and a community foundation. Learn more about the firm at www.cico.us. About PureFacts Financial Solutions PureFacts Financial Solutions is an award-winning provider of End-to-End Revenue Management solutions for the investment industry. PureFacts helps some of the largest and most recognizable wealth management, asset management and asset servicing firms manage and grow their revenues. The PureRevenue Platform enables scalable revenue management by powering the entire revenue lifecycle. Firms calculate, collect, distribute, incentivize and optimize their revenues using PureFacts AI-enriched fees engine, incentive compensation application and compelling revenue business intelligence powered by a single system of record for revenue management. PureFacts’ customers outperform by retaining more clients, delivering incremental value, improving productivity, properly incentivizing advisors and distributors, preventing costly mistakes and finding optimization opportunities. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence including selections to the WealthTech100, AIFinTech100, and ESGFinTech100 awards. Drive revenues. Eliminate leakages. Increase growth velocity. Learn more at purefacts.com Contacts Martin CarignanSVP, Sales Canada & Head of SalesPureFacts Financial Solutions(647) 296-1008martin.carignan@purefacts.com
PureFacts Secures GrowthCurve Capital Investment to Accelerate Growth
TORONTO–(BUSINESS WIRE)–PureFacts Financial Solutions (“PureFacts”), an award-winning SaaS provider of end-to-end revenue management solutions for the investment industry, announced today the completion of a majority investment from GrowthCurve Capital (“GrowthCurve”). PureFacts founder and CEO Robert Madej and the company’s employees will retain their interest in PureFacts. “This partnership with GrowthCurve marks a significant milestone for us, positioning us to unlock new growth opportunities and elevate PureFacts to the next level.” Founded in 1997, PureFacts helps many of the world’s top wealth management, asset management and asset servicing firms manage and grow their revenues. The PureRevenue Platform enables scalable revenue management by powering the entire revenue lifecycle. User firms can calculate, collect, distribute and optimize their revenues using the PureFacts fees engine, incentive compensation application and business intelligence solutions powered by a single system of record for revenue management. “We have come a long way since our humble roots as a small, Canadian wealthtech firm,” said Madej. “Since day one, our guiding principle has been our client intimate approach. It was critically important to find a strategic partner with the capabilities to help accelerate our ability to deliver value to our clients. The GrowthCurve team gained a deep understanding of our clients, our people, our products and our vision. We are thrilled to partner with them to enable our clients to grow their revenues more profitably.” GrowthCurve Capital is a private equity firm focused on building businesses through data, analytics and machine learning, combined with a comprehensive approach to human capital. The GrowthCurve investment will propel PureFacts along its growth trajectory by supporting new product development, continued market expansion, and the development and use of leading-edge artificial intelligence (AI) and analytics for the investment industry. “We have been very impressed with how Rob and the team built PureFacts into a leading provider of revenue management solutions for the wealth and asset management industry,” said Sumit Rajpal, GrowthCurve Capital founder and CEO. “PureFacts is exactly the type of company we look for in making strategic investments. We look forward to helping accelerate the company’s growth trajectory by investing in human capital, advancing the company’s robust technology platform and employing our expertise in AI and digital transformation to introduce new solutions and capabilities to PureFacts’ clients.” “PureFacts is well positioned to help its clients navigate an increasingly complex operating environment for billing and compensation management,” said GrowthCurve managing director Magnus Helgason. “There is a significant opportunity to build upon PureFacts’ market-leading revenue management platform to provide AI-enabled insights and recommendations that allow its clients to better manage and grow their revenues.” “We are incredibly grateful to our amazing clients around the world and very proud and thankful for our hardworking PureFacts team,” added Madej. “This partnership with GrowthCurve marks a significant milestone for us, positioning us to unlock new growth opportunities and elevate PureFacts to the next level.” Scotiabank acted as the exclusive financial advisor and Goodmans LLP served as legal advisor to PureFacts. KeyBanc Capital Markets Inc. acted as financial advisor and Weil, Gotshal & Manges LLP and Blake, Cassels & Graydon LLP served as legal advisors to GrowthCurve Capital. Terms of the transaction were not disclosed. To learn more about PureFacts’ offerings visit purefacts.com. About PureFacts Financial Solutions PureFacts Financial Solutions is an award-winning provider of End-to-End Revenue Management solutions for the investment industry. PureFacts helps some of the largest and most recognizable wealth management, asset management, and asset servicing firms manage and grow their revenues. The PureRevenue Platform enables scalable revenue management by powering the entire revenue lifecycle. Firms calculate, collect, distribute, incentivize, and optimize their revenues using PureFacts’ AI-enriched fees engine, incentive compensation application, and compelling revenue business intelligence powered by a single system of record for revenue management. PureFacts’ clients outperform by retaining more customers, delivering incremental value, improving productivity, properly incentivizing advisors and distributors, preventing costly mistakes, and finding optimization opportunities. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence including selections to the WealthTech100, AIFinTech100, and ESGFinTech100 awards. Drive revenues. Eliminate leakages. Increase growth velocity. Learn more at purefacts.com. About GrowthCurve GrowthCurve Capital is a private equity firm focused on building businesses by leveraging data, analytics, and machine learning, combined with a comprehensive approach to human capital, to seek to accelerate growth and drive long-term value. Founded by Sumit Rajpal, former Global Co-Head of the Goldman Sachs Merchant Banking Division, the firm focuses on data-rich, control-oriented private equity investments primarily across the technology and information services, healthcare, and financial services sectors. For more information, please visit www.GrowthCurveCapital.com and follow the firm on www.linkedin.com/company/growthcurvecapital. Contacts MEDIA CONTACT:PureFactsRob Farmer417-377-3293purefacts@streetcredpr.com GrowthCurveDan Gagnier646-569-5897growthcurve@gagnierfc.com
Vestmark and PureFacts Announce Partnership to Transform Wealth and Investment Management Billing at Scale
Billing identified as key to wealth management firm growth Partnership to boost offerings that deploy best-in-class wealth technology WAKEFIELD, Mass., June 11, 2024 /PRNewswire/ — Vestmark, Inc., a leading provider of wealth management software and services, and PureFacts Financial Solutions, a global leader in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector, today announced a strategic partnership that will enhance billing solutions and enable nimbler, faster operations for leaders in the wealth management space. Vestmark, renowned for its core platform encompassing portfolio management, trading, and client reporting, has identified billing as a crucial component of its comprehensive offering. The partnership with PureFacts provides an integrated billing platform that supports various billing models, including AUM-based, account-based, hourly, retainers, and more. PureFacts Financial Solutions has established itself as a global leader in revenue management and billing, offering an AI-enriched, end-to-end revenue lifecycle process through its innovative PureFees platform. “This partnership with PureFacts represents a necessary step in Vestmark’s journey to provide a comprehensive, end-to-end solution for a wide range of firms in the wealth management space, including broker-dealers, RIAs, RIA aggregators, asset managers, and other service providers,” said Karl Roessner, CEO of Vestmark. “We are extremely pleased to be partnering with a cutting-edge firm with a focus on fee billing excellence and scalability.” PureFacts’ enterprise billing platform is designed to scale, accommodating the diverse needs of different types of wealth and asset management firms. As part of a comprehensive suite of solutions available to financial advisors who leverage Vestmark’s customized investment solutions, PureFacts’ platform provides Vestmark clients the ability to track, measure, and optimize every dollar, bringing flexibility to support a wide range of business models, from small independent practices to regional broker-dealers and wealth managers and large national clients. “We are excited to partner with Vestmark to bring our innovative billing solutions to the U.S. market to help their clients grow,” said Robert Madej, CEO of PureFacts Financial Solutions. “Our collaboration signifies a win-win partnership, combining Vestmark’s robust technology platform with PureFacts’ industry-leading revenue management capabilities. Together, we will further empower financial professionals to deliver exceptional, personalized client experiences.” About Vestmark Headquartered in Wakefield, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage customized client portfolios through an innovative technology platform. Supporting over $1.5 trillion in assets and 5.5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640 or visit www.vestmark.com About PureFacts Financial Solutions PureFacts Financial Solutions is an award-winning provider of End-to-End Revenue Management solutions for the investment industry. PureFacts helps some of the largest and most recognizable wealth management, asset management and asset servicing firms manage and grow their revenues. The PureRevenue platform enables scalable revenue management by powering the entire revenue lifecycle. Firms calculate, collect, distribute, incentivize and optimize their revenues using PureFacts AI-enriched fees engine, incentive compensation application and compelling revenue business intelligence powered by a single system of record for revenue management. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence including selections to the WealthTech100, AIFinTech100, and ESGFinTech100 awards. Drive revenues. Eliminate leakages. Increase growth velocity. Learn more at purefacts.com Media Contact Elizabeth ShimHaven Tower Group(424) 317-4861eshim@haventower.com SOURCE Vestmark
PureFacts Announces Acquisition of Xtiva Financial Systems
Xtiva grows PureFacts’ platform with cutting-edge technologies and expertise in incentive compensation management. TORONTO, ON, Mar. 30, 2023 – PureFacts Financial Solutions, a leader in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector, announced today that is has acquired Xtiva Financial Systems, Inc. (Xtiva), the global leader in sales performance and incentive compensation management software for the wealth management industry. This acquisition marks a significant milestone in PureFacts’ growth strategy and reinforces its commitment to delivering exceptional, seamless, end-to-end revenue management solutions to its clients. We’re thrilled to welcome Xtiva to the PureFacts family! Robert Madej, Founder, and CEO of PureFacts “From day one, we have focused on providing our clients with the most flexible and transparent solutions to make growth easier. We know that better revenue management leads to greater revenue growth, and a key piece of that puzzle is developing and managing strategic incentive compensation plans. Our best-of-breed revenue management solution gets even better with Xtiva’s impressive track record and deep domain expertise.” The deal brings together two highly complementary organizations, with PureFacts’ extensive experience and industry-leading infrastructure for gross and net fee calculations and reporting, combined with Xtiva’s cutting-edge technology and expertise in incentive and performance compensation management. Joining forces with PureFacts is a natural next step for Xtiva. Thomas J. Moysak, CEO of Xtiva “Our shared commitment to service excellence and technical innovation, as well as our complementary corporate values, make this a winning combination for both of our two companies and our customers.” Under the PureFacts umbrella, the combined company will offer clients a complete revenue management solution while continuing to deliver the same world-class service and support that has distinguished both Xtiva and PureFacts in the market. Executives on the Xtiva team, including Moysak, will join the PureFacts’ leadership team, reporting directly to Madej. The combined business will benefit from sharing best practices in operations and leadership will work together to integrate both companies’ development, back-office, and go-to-market activities. About Purefacts financial solutions Founded in 1997, PureFacts Financial Solutions is an award-winning provider of revenue management solutions for the investment industry. Serving over 100 clients with a combined 10 trillion in assets under management, PureFacts’ wealth-tech solutions help some of the largest and most recognizable wealth management firms and financial institutions grow revenue through better management of fees and actionable, data-driven insights. Its solutions help firms increase productivity, retain their most valued clients, deliver high-quality advice, and prevent costly mistakes. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence, most recently receiving the WealthTech100, AIFinTech100, and ESGFinTech100 awards. purefacts.com About Xtiva financial systems Xtiva Financial Systems provides the leading sales performance management (SPM) and incentive compensation management (ICM) systems for the financial services industry. Xtiva’s cloud-based Performance Platform enables financial organizations to drive scalable performance improvement through better business intelligence, sales enablement, talent management and is supported by dynamic and compelling incentive compensation based on a single system of record. 90 financial service enterprises use Xtiva’s software, services and support to maximize their salesforce investments and business performance. Xtiva’s customer-obsessed team is dedicated to ensuring its customers and their partners achieve more every day. purefacts.com/xtiva
PureFacts Revenue Management Platform Selected by GW&K
BOSTON, Feb. 21, 2023 (GLOBE NEWSWIRE) — PureFacts Financial Solutions, a leader in revenue management solutions for the investment management industry, today announced that GW&K Investment Management, LLC, a Boston-based investment firm with over $47 billion assets under management, has chosen its platform for fee calculation, processing, and reporting. PureFacts was chosen by GW&K after an extensive evaluation process, with the goal of consolidating client and institutional fee calculations and billing management under one system for greater firm efficiency. “We’re excited to be working with GW&K,” said Robert Madej, Founder, and CEO of PureFacts. “They came to the table with high standards for a revenue management solution, and we’re humbled that they chose us. We’re confident our platform and commitment to service excellence will improve their effectiveness and productivity, so they can deliver even better service to their clients.” PureFacts’ fee calculation and billing solution enables firms to implement revenue management practices that account for every dollar of value, with less overhead and more automated, accurate, and repeatable workflows. The only solution that does true daily calculations, PureFacts’ end-to-end revenue management solution provides: With a longstanding reputation for being the most accurate and reliable calculation engine on the market, PureFacts prides itself on being a best-of-breed solution provider. Having recently raised $37M in financing, the company has invested heavily in its platform with a focus on improving firm workflows, leveraging the power of AI, and seamlessly integrating with all major custodians, CRMs, banking, portfolio management, and accounting systems. GW&K is looking forward to the partnership with PureFacts and the expertise they bring to the investment management industry with their innovative billing solutions Dino DiFronzo, Principal, Director of Finance About Purefacts financial solutions Founded in 1997, PureFacts Financial Solutions is an award-winning provider of revenue management solutions for the investment industry. Serving over 100 clients with a combined one trillion in assets under management, PureFacts’ wealth-tech solutions help some of the largest and most recognizable wealth management firms and financial institutions grow revenue through better management of fees and actionable, data driven insights. Its solutions help firms retain clients, deliver high quality advice, improve productivity, and prevent costly mistakes. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence, most recently receiving the WealthTech100, AIFinTech100, and ESGFinTech100 awards. purefacts.com About GW&K investment management GW&K was founded in 1974 to offer innovative investment solutions consistent with its clients’ objectives. Through the years, the firm has successfully introduced a range of equity and fixed income strategies, all of which are actively managed, research-driven and guided by a clear and disciplined investment process. Today, GW&K manages 32 distinct strategies for a diverse client base, including individuals, corporations, public funds, endowments, foundations and financial institutions. As of January 2023, GW&K had over $47 billion in assets under management. www.gwkinvest.com For more information contactErin SmithVP Marketing, PureFacts Financial Solutionserin.smith@purefacts.com