Wealth Billing
Envestnet Wealth Billing is a scalable and high-performance solution for managed accounts, including unified managed accounts (UMAs). It’s designed for client billing, sleeve-level billing, fee transparency, complex payouts to third-parties, and high-volume architecture.
Dashboards and alerts
Wealth Billing offers a rich, dynamic portal for your billing professionals that brings billing and payout details to life. Fees, revenue, payouts, and even expectation handling of billing errors are shown and can be managed in easy-to-use interactive widgets. This is the cornerstone and foundation for managing your billing process.
Flexible billing templates
Gain substantial operational efficiencies and next-generation functionality with billing templates. Billing templates let your teams define and maintain the most complex fee and payout calculations imaginable, including book-of-business aggregation and discounting. Our experienced professionals will help you set up and process billing for your most complex client relationships using flexible, reusable billing rules.
Quick approvals and workflow
Finalize and submit billing and transactional fee data to custodians and downstream platforms quickly, using both summarized and detailed views of your data within or across firms, managers, programs, and/or products.
Reporting
Deepen your understanding of your revenues, payouts, and overall billing operational efficiencies and throughput. With robust reporting capabilities, you can gain insights into the most important aspects of your billing and finance operations. Alternatively, use our rich data exports to populate your own in-house data warehouses for an even more custom and integrated business reporting experience.
If you have questions on your Wealth Billing platform, please get in touch with us.
Articles
-
Blog
Pricing Innovation is Good, but Manual Billing Can Be Painful
Successful advisors know that they have to set aside time to explain their pricing structure, or structures, and address billing questions during client meetings.
-
Blog
How to evaluate a billing solution for your practice
Advisors spend an average of two hours working behind the scenes for every hour they spend with a client.1
-
Blog
Take the headache out of splitting advisor fees
We’ve already written about the challenges of manual billing.
-
Blog
A guide to SEC audits
Benjamin Franklin famously said, “Nothing is certain but death and taxes.”