Capital Investment Companies Selects PureFacts’ Fee Billing Product, PureFees, to Scale Their Business as They Are Growing Their Independent Financial Services
May 23 2024 - 9:08AM
Business Wire
PureFees will be implemented alongside
PureRewards, the advisor incentive compensation product acquired by
PureFacts one year ago and leveraged by Capital Investment
Companies for over 20 years.
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.”
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 www.purefacts.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240523985049/en/
Martin Carignan SVP, Sales Canada & Head of Sales PureFacts
Financial Solutions (647) 296-1008
martin.carignan@purefacts.com