Asset Managers From JPMorgan Select Redi2 Revenue Manager For SMA Process

J.P. Morgan Managed Accounts Services (MAS) has launched an SMA billing reconciliation system with Redi2 Revenue Manager™ as its cornerstone. The platform provides J.P. Morgan's asset manager clients with a faster and more accurate way to collect fees they are

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J.P. Morgan Managed Accounts Services (MAS) has launched an SMA billing reconciliation system with Redi2 Revenue Manager™ as its cornerstone. The platform provides J.P. Morgan’s asset manager clients with a faster and more accurate way to collect fees they are owed. J.P. Morgan developed the application in partnership with Redi2 and Vestmark Inc., an enterprise software company.

Redi2 Technologies is a provider of sophisticated yet simple-to-use fee billing software for the financial services industry. Redi2 Revenue Manager automates account setup and termination, invoice generation, fee/payment reconciliation as well as adjustments and reversals. The software allows J.P. Morgan MAS to calculate complex fees on behalf of their clients based on assets, transactions or performance.

Fees may be summarized at various levels, such as household, program, advisor, manager or sponsor. Additionally, custom invoicing to sponsors, account holders, custodians and other billing recipients have been incorporated into the asset manager offering-all without custom coding.

Redi2 and J.P. Morgan MAS signed an agreement to develop the joint tool in August 2008.

“The platform, offered by J.P. Morgan MAS, calculates billable events that occur in the SMA process for each manager’s sponsor relationship,” says Fermin Garcia, president and COO, Redi2.

“Using Revenue Manager as the billing platform for asset managers not only lets J.P. Morgan MAS offer significant value to their asset manager clients, but provides their operational staff with the custom operational reports they need to support their world-class client service levels.”

“In today’s competitive and volatile environment, asset managers are looking closely at the bottom line and new ways to bring in more revenue,” says Scot Knight, executive director and product manager, J.P. Morgan MAS. “This solution provides a detailed, accurate and efficient way to ensure that asset managers are collecting every penny that is due to them.”

L.D.

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