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FolioDynamix Adds Pricing, Fees Intelligence To Platform

Harriet Davies

18 April 2013

FolioDynamix, a provider of web-based wealth management technology, has entered into a multi-year agreement with PriceMetrix that will give its clients access to transaction and fee pricing information.

Transactional pricing and fee information from advisors’ peers, powered by PriceMetrix’s CommissionCheck and FeeCheck products, will be fed into the FDx SingleSight wealth management platform.

Using the platform, advisors will be able to access the information within the workflow of the order entry system, for transactional business, or at the time of proposal generation for fee-based business.

The partnership comes hot on the heels of a survey from Ernst & Young which showed that wealth managers in the Americas are interested in upgrading their technology platforms in ways that will support advisors, by freeing up their time and providing better tools, and improve the client experience.

"FeeCheck and CommissionCheck will empower investment advisors to price at market levels by giving them instant access to how their proposed fees and commissions compare to others at their firm, and across the industry. Advisors will be able to identify and target revenue opportunities while gaining the confidence to charge a fair price," said Doug Trott, president and chief executive of PriceMetrix.

"Our decision to integrate PriceMetrix into our front-office, on-demand FDx SingleSight application was based on our commitment to providing intuitive and comprehensive solutions that fit our clients' needs, and enhance their ability to drive business growth," said Joseph Mrak, president and chief executive of FolioDynamix.