Zurich, Switzerland (08.12.2018) – Quartal Financial Solutions, a leading, global provider of revenue and expense management solutions, announced that it has broadened its relationship with a top-5, Swiss Wealth Manager to extend the use of its Quartal COMMISSION solution into their Fund Services Division.

The Wealth Manager provides customised discretionary and advisory investment solutions, across most asset classes, to wealthy individuals and families. Having been using Quartal COMMISSION successfully since 2007 for the processing of trailer fees and accounts receivables management for their investment operations, it was decided to consolidate the use of the solution across the enterprise and as such, they have committed to a multi-faceted project that will encompass:

  • Migrating from Quartal COMMISSION version 9 to version 11; and
  • Extending the use of the solution to the Luxembourg-based fund servicing division for the calculation of third-party trailer fees on behalf of boutique asset managers