Greater control and flexibility in Contemi’s fee management solution expands offering for Killik & Co.

Abstract

Historically Killik & Co have outsourced much of their back office processing. To differentiate themselves from their competitors they wanted to bring in house key client touch points. As part of this journey, bringing in Fees processing was the next logical step. Killik & Co pride themselves on their bespoke services providing client focused personal relationships. They wanted a system that provided flexibility to support this ethos and their future business demands.

About Killik & Co.

Whether you are looking to grow your assets or create an income stream, Killik & Co can help you to make the most of your investment portfolio. Established in 1989, Killik & Co focus on providing relationship-based advisory, managed and wealth planning services to retail clients, with an emphasis on accessibility, trust and integrity. Every client is allocated a highly qualified, dedicated Broker who can advise on a diverse range of securities listed on most of the world’s main stock markets.

Business Challenge

Fee income is a major source of revenue for many brokers and investment managers. It is also potentially a key area in which firms can try to achieve a competitive advantage and USP.

The RDR and various comments coming out of the FCA about Fees & competition have increased end clients awareness of management fees. The Adviser Charging rules introduced by RDR and the likely changes for platform charges means firms will increasingly need to be able to support fee structures dictated by others. These demands and pressures will further increase the need for flexibility in the basis of fees.

Contemi Fee Processing Solution

In a period of regulatory overload, a wave of legislation has come into force, aiming to bring greater transparency to the financial sector. This has meant an increase in the administrative burden faced by brokers and wealth managers.

Our solution helps reduce costs and increase margins. Firms can improve efficiency, accuracy and auditability, while offering the more complex and diverse fees that a post RDR world demands.

Why Contemi Solutions

“We have known and worked with the team at Contemi for many years and their experience in this industry is second to none. The selection process for any solution such as this must include the quality of the people, personal relationships and the ability of the vendor to work in partnership with us for many years in the future. Contemi ticked all of these boxes and we are excited to be working with them.” Says CLEM MACTAGGART Partner, Chief Operating Officer at Killik & Co.

Why Contemi Fees Management Solution

Contemi’s fee processing module is a flexible and automated framework to support the calculation and charging of any fee type or structure. It provides wealth managers, stockbrokers, asset managers and intermediaries with a viable solution to easily manage the complex sharing of fees and reduce the level of manual processing.

The system is scalable and can easily support new business while simultaneously maintaining all existing and often complex arrangements with clients, advisors and other stakeholders. With the choice of a hosted or deployed setup, the system can be seamlessly integrated with any third party application.

Key Features

• Transparent calculation and collection of fees. From clients to advisors and anyone receiving a service from the firm
• A single installation supports multiple setups, proving an efficient calculation and charging structure
• Flexible accrual and billing timeframes support changing business requirements
• Seamless integration with any proprietary system ensure accurate data flow
• Available as a Saas (Software as a service) offering or as a fully deployed solution