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  • Quartal Financial Solutions appoints Mark Standish VP, Product Management - Quartal Financial Solutions
    Commission Management Company About Us People Partners Clients Careers Professional Services Support Insights News Blog Events Contact Home News Quartal Financial Solutions appoints Mark Standish VP Product Management Quartal Financial Solutions appoints Mark Standish VP Product Management Zurich Switzerland 01 05 2015 Quartal Financial Solutions QFS the market leading fee management and commission solution provider to the global financial services industry today announced that it has appointed Mark Standish as Vice President of Product Management Mark s role within QFS is to lead the strategic development of the company s products and ensure that product functionality meets market and customer requirements Mark reports to COO Roman Harbich and will be based in London and Zurich Mark s background as a senior executive in fund management and business knowledge coupled with a technology background brings an added dimension to the QFS product team said Roman Harbich COO at QFS He is uniquely placed to ensure that our products continue to meet customer s requirements and develop those products in the future Mark brings a wealth of business and technical experience to the role having held senior roles in asset management and also within software companies Prior to joining QFS Mark was

    Original URL path: http://www.quartalfs.com/news/quartal-financial-solutions-appoints-mark-standish-vp-product-management/ (2016-04-24)
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  • Large Fund Platform Service Provider selects Quartal Financial Solutions for Commission Management - Quartal Financial Solutions
    Company About Us People Partners Clients Careers Professional Services Support Insights News Blog Events Contact Home News Large Fund Platform Service Provider selects Quartal Financial Solutions for Commission Management Large Fund Platform Service Provider selects Quartal Financial Solutions for Commission Management Zurich Switzerland 31 01 2015 Quartal Financial Solutions today announced that its market leading commission management solution Quartal COMMISSION has been selected by one of Germany s largest fund

    Original URL path: http://www.quartalfs.com/news/large-fund-platform-service-provider-select-quartal/ (2016-04-24)
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  • Ashmore Group “Ashmore” selects Quartal’s Rebate and Distribution Fee Management Solution – Quartal COMMISSION - Quartal Financial Solutions
    cash flow forecasting Chris Tsutsui Head of Finance at Ashmore stated Having reviewed leading vendors and an outsourcing option we decided that Quartal COMMISSION was the ideal solution as it provides an integrated approach to contract management calculations and reporting which will result in business process optimization operational risk reduction and cost savings The successful implementation of Quartal COMMISSION will allow Ashmore to better serve its growing fund distribution network by linking it with our CRM and investment management systems to provide better integration and higher transparency To be signing Ashmore has been another important step for Quartal in further developing our strong UK market presence and clearly states Quartal s value proposition and offering for the global investment management and fund servicing industry said Thierry Zuppinger CEO of Quartal Financial Solutions Ashmore is well known for its investment philosophy numerous awards and top ranking by major rating agencies including the confidence which central banks government and corporate pension funds institutions and high net worth individuals have demonstrated by investing in Ashmore funds Ashmore s decision for Quartal COMMISSION emphasizes the quality of our market leading solution for commission management and sales controlling to the mutual fund industry Our flagship products Quartal COMMISSION for rebate and distribution fee management and Quartal FEE MANAGER for fee billing budgeting revenue and expense management including performance fees provide our clients the flexibility they need to remain competitive in today s complex business environment and at the same time significantly reduce their costs increase efficiency and provide for greater control of their business operations About Quartal Financial Solutions AG Quartal Financial Solutions is one of the few specialized solution providers in the financial services industry that exclusively focuses on complex revenue expense fee and commission management for leading asset managers banks securities services providers

    Original URL path: http://www.quartalfs.com/news/ashmore-group-ashmore-selects-quartals-rebate-distribution-fee-management-solution-quartal-commission/ (2016-04-24)
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  • Quartal Financial Solutions signs Major Global Custodian for Custody Fee Billing - Quartal Financial Solutions
    Us People Partners Clients Careers Professional Services Support Insights News Blog Events Contact Products COMMISSION FEE MANAGER SaaS BPO Solutions Asset Management Institutional Fee Billing Distribution Commission Management Wealth Management Third Party Distribution External Asset Management Client Fee Charging Securities Services Fund Administrators Transfer Agents Custody Clearing Fund Platforms Capital Markets Trade Fee Management Execution Clearing Commission Management Insurance Distribution Commission Management Company About Us People Partners Clients Careers Professional Services Support Insights News Blog Events Contact Home News Quartal Financial Solutions signs Major Global Custodian for Custody Fee Billing Quartal Financial Solutions signs Major Global Custodian for Custody Fee Billing Zurich Switzerland 15 07 2014 Quartal Financial Solutions QFS today announced to have won a major global custody bank for its innovative state of the art fee billing solution Quartal FEE MANAGER Quartal s system will be implemented in H2 2014 with a planned go live of the system in Q1 2015 Following the initial implementation additional rollouts of Quartal s system are planned within the bank in the area of fee billing and pricing Asset Management Institutional Fee Billing Distribution Commission Management Wealth Management Third Party Distribution External Asset Management Client Fee Charging Securities Services Fund Administrators Transfer

    Original URL path: http://www.quartalfs.com/news/quartal-financial-solutions-signs-major-global-custodian-custody-fee-billing/ (2016-04-24)
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  • EFG Asset Management "EFGAM" selects Europe's market leading solution for Management Fee, Rebate and Distribution Fee Management for Mutual Funds - Quartal Financial Solutions
    of the art graphical user interface or through a web interface The solution allows the handling of complex fee billing and commission calculation models for all financial transactions and assets for both accounts receivable and payable in a flexible and user friendly manner The support of client and product segmentation and hierarchies and the powerful contract management engine with integrated inclusion and exclusion rules allow for the easy and intuitive management of all kinds of standard and bespoke fee and commission agreements In addition end to end business processes encompassing different stages such as budgeting calculation payment reporting etc are supported by comprehensive workflow and notification functionalities that can easily be tailored according to clients specific needs Finally Quartal s solution provides value add modules that are decisive for empowering crucial business activities such as pricing budgeting sales attribution and controlling and related decisions in today s challenging regulatory and increasingly competitive market environment Data Analysis Module for dynamic data analysis and control using pivot tables and charts Profit Analysis Module for the analysis of revenues expenses and profits Simulation Manager for the simulation and forecasting of various scenarios such as revenue modeling cost of servicing etc using actual and simulated fees and or commission values Report Module for easy to use ad hoc drag drop reporting using the in built reporting engine Dashboard Cockpit for monitoring business values and processes including Key Performance Indicators Steven Johnson Chief Operating Officer and Global Head of Operations EFGAM UK stated Having reviewed a number of vendors we deemed Quartal to be our preferred solutions provider Quartal COMMISSION offers an integrated approach to contract management calculation of management fees rebates and other related fees and reporting In particular Quartal s value add functionalities will significantly enhance our revenue analysis forecasting and sales controlling

    Original URL path: http://www.quartalfs.com/news/efg-asset-management-efgam-selects-europes-market-leading-solution-management-fee-rebate-distribution-fee-management-mutual-funds/ (2016-04-24)
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  • Distribution Fee & Commission Management - Quartal Financial Solutions
    and sale The distributors then receive commissions based on the quantity of their clients investments in the fund over the previous period based on certain criteria and pre agreed rates Because this fee is based on asset value and the portion of the asset that was contributed by a distributor s clients there is a diverse range of moving pieces Capturing the asset s value at a specific point in time knowing how much value each distributor has provided to the fund over the previous period associating this value with the correct commission rate or rates and monitoring when each investor is added or removed from the fund these are all elements that go into tracking and distributing commissions and associated incentive payments Challenges in distribution fee and commission management For asset managers of larger funds distribution management is no easy task When a fund consists of hundreds or thousands of distributors with dozens of clients each and a potentially large number of sub funds and or share classes then substantial work must go into effectively tracking accurate and timely commissions Some of the ongoing challenges for an asset manager include determining the actual value of the asset when the distribution is due applying the correct commission rate properly prorating commissions for clients who joined or left the fund during the period verifying that proper payouts are sent to the appropriate distributors and ensuring an accurate and transparent reporting structure A single mistake during this process can have a substantial impact on the credibility of the firm and may discourage future and current distributors from further promoting the asset Meanwhile as commission distribution is a process continually in the eye of legislators regulatory changes related to e g RDR and MiFID II may occur at any time For firms manually tracking commissions a significant amount of time must go into compliance and any potential regulatory adjustments to ensure that distributions are paid legally and all distributors salespersons and or clients are informed of changes in the commission structure and underlying data including appropriate reporting Even without adjustments to the law maintaining proper regulatory compliance requires ongoing auditing and evaluation of the tools used to calculate allocate reconcile and pay distribution fees and commissions Failing to comply with all legal requirements can result in both legal and financial repercussions Without a streamlined process for tracking distribution fees and commissions a firm can find itself struggling to maintain transparency which leads to fewer investors higher labour costs and a greater risk of error How to optimize distribution fee and commission management For a fund to compete against the many options available to investors today it must maintain an effective distribution network providing punctual accurate and competitive commissions to distributors The most common way to achieve this is through the implementation and use of effective distribution fee and commission tracking and management software that automates the process and provides greater transparency to the asset manager who in turn can provide that information to

    Original URL path: http://www.quartalfs.com/blog/distribution-fee-and-commission-management/ (2016-04-24)
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  • Institutional Fee Billing - Quartal Financial Solutions
    value of assets under management The fee is typically between 1 3 of total assets within the fund but mutual funds private equity funds and hedge funds all have their own standards in this regard This fee structure recognizes the ongoing involvement and support provided by the investment manager and compensates the fund manager accordingly Performance fees Performance fees offer the fund manager an incentive to provide the maximum return possible to investors A performance fee generally consists of 5 25 of net realized or unrealized gains made within a given year but can be based on a variety of criteria including net income generated and over performance against a benchmark Depending on the type of fund and the arrangement agreed upon this fee structure provides additional value to fund managers who provide positive returns while it offers little benefit to and sometimes even penalizes those who underperform The fees charged for any given fund are ultimately based on what the investors and fund managers agree upon and can consist of one of the above mentioned structures or a combination of the two Challenges in institutional fee billing for asset management firms While simple in theory the process of institutional fee billing for asset managers presents a myriad of complexities and challenges From operational risks to performance fee calculations and risk management there are a number of variables involved in the billing process For example at what point are performance fees calculated And are they calculated before or after management fees Furthermore how are these fees prorated throughout the course of the year particularly when a new investor enters or leaves the fund Asset managers must also manage discounts along with fee caps and floors for management fees Many asset managers are still managing most of their institutional fee billing tracking and analysis through spreadsheets which are largely dependent on manual processes Not only do these manual processes increase labour costs but they can lead to frequent errors that result in in revenue leakage less control over outcomes and hesitancy among investors In exceptional cases these errors can lead to fines and financial loss to the manager How to optimize the fee billing process For a fund to compete with the many options available to investors today and to comply with in vestor s transparency and information requirements it s essential to maintain a streamlined and accurate billing process The most common way to achieve this is through the implementation and use of effective asset management billing software that automates the process and includes an additional layer of control on top When looking for institutional fee billing software ideally you want to find an application that pro vides Minimized costs and risks through a fully automated process with the ability to catch and correct data discrepancies A highly scalable solution able to grow with your assets and investor base The latest in security and audit standards for control compliance and reporting Connections to multiple data sources A highly accurate billing

    Original URL path: http://www.quartalfs.com/blog/institutional-fee-billing/ (2016-04-24)
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  • ITAS Asia 2016 (November 2016) - Quartal Financial Solutions
    Services Fund Administrators Transfer Agents Custody Clearing Fund Platforms Capital Markets Trade Fee Management Execution Clearing Commission Management Insurance Distribution Commission Management Company About Us People Partners Clients Careers Professional Services Support Insights News Blog Events Contact Home Events ITAS Asia 2016 November 2016 ITAS Asia 2016 November 2016 UCITS Fund Distribution Standardisation Client Relationships Global TA Outsourcing Distribution Support Automation 35 Expert Speakers from leading transfer agents asset management

    Original URL path: http://www.quartalfs.com/events/itas-asia-2016-november-2016/ (2016-04-24)
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