View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 19, 2008updated 06 Sep 2016 2:55pm

FolioDynamix, Bonaire Software partner on billing portal for fee-based accounts

FolioDynamix, a provider of wealth servicing technology and investment products, has announced a partnership with Bonaire Software Solutions, a provider of enterprise software solutions, that will provide clients of FolioDynamix with a web-based application for automated, on-line fee calculations and billing to streamline tracking of revenue flows and invoicing of fee-based accounts on FDx.

By CBR Staff Writer

According to FolioDynamix, its FDx platform is a configurable, thin-client application with tools to manage a portfolio through the lifecycle of an account, including a fully proprietary tax lot and cost accounting engine, new account opening tools, model management, multi-account trading, re-balancing, fee billing, management reporting and performance reporting.

It is reported that Bonaire’s Revport revenue management and fee billing system creates compliant-driven audit trails that eliminate time-intensive and error-prone manual processes and calculations. Through the arrangement with Bonaire, clients of FolioDynamix reportedly have the capability to automatically calculate different fees including multi-currency, asset management, wrap, performance and 12b-1, as well as sub-advisor payouts and commissions associated with accounts and portfolios.

Aaron Schumm, senior vice president of FolioDynamix, said: Complexity of product offerings within the fee-based business logically extends to billing and fee calculations. Rapid account growth and fee-split requirements necessitate a solution, such as that offered by FolioDynamix and Bonaire, to streamline an otherwise unwieldy and even costly set of manual procedures.

John Bosley, COO of Bonaire Software Solutions, said: Through partnering with FolioDynamix, we have the opportunity to introduce our software solutions to a market that is increasingly faced with more complicated fee and revenue management processes. Revport’s proven ability to address these issues in a cost-effective manner will generate considerable interest and demand from both managers and sponsors in the wealth management space.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.