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Vestmark and PureFacts Announce Partnership to Transform Wealth and Investment Management Billing at Scale

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Billing identified as key to wealth management firm growth

Partnership to boost offerings that deploy best-in-class wealth technology

WAKEFIELD, Mass., June 11, 2024 /PRNewswire/ — Vestmark, Inc., a leading provider of wealth management software and services, and PureFacts Financial Solutions, a global leader in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector, today announced a strategic partnership that will enhance billing solutions and enable nimbler, faster operations for leaders in the wealth management space.

Vestmark, renowned for its core platform encompassing portfolio management, trading, and client reporting, has identified billing as a crucial component of its comprehensive offering. The partnership with PureFacts provides an integrated billing platform that supports various billing models, including AUM-based, account-based, hourly, retainers, and more. PureFacts Financial Solutions has established itself as a global leader in revenue management and billing, offering an AI-enriched, end-to-end revenue lifecycle process through its innovative PureFees platform.

“This partnership with PureFacts represents a necessary step in Vestmark’s journey to provide a comprehensive, end-to-end solution for a wide range of firms in the wealth management space, including broker-dealers, RIAs, RIA aggregators, asset managers, and other service providers,” said Karl Roessner, CEO of Vestmark. “We are extremely pleased to be partnering with a cutting-edge firm with a focus on fee billing excellence and scalability.”

PureFacts’ enterprise billing platform is designed to scale, accommodating the diverse needs of different types of wealth and asset management firms. As part of a comprehensive suite of solutions available to financial advisors who leverage Vestmark’s customized investment solutions, PureFacts’ platform provides Vestmark clients the ability to track, measure, and optimize every dollar, bringing flexibility to support a wide range of business models, from small independent practices to regional broker-dealers and wealth managers and large national clients.

“We are excited to partner with Vestmark to bring our innovative billing solutions to the U.S. market to help their clients grow,” said Robert Madej, CEO of PureFacts Financial Solutions. “Our collaboration signifies a win-win partnership, combining Vestmark’s robust technology platform with PureFacts’ industry-leading revenue management capabilities. Together, we will further empower financial professionals to deliver exceptional, personalized client experiences.”

About Vestmark

Headquartered in Wakefield, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage customized client portfolios through an innovative technology platform. Supporting over $1.5 trillion in assets and 5.5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640 or visit www.vestmark.com

About PureFacts Financial Solutions

PureFacts Financial Solutions is an award-winning provider of End-to-End Revenue Management solutions for the investment industry. PureFacts helps some of the largest and most recognizable wealth management, asset management and asset servicing firms manage and grow their revenues. The PureRevenue platform enables scalable revenue management by powering the entire revenue lifecycle. Firms calculate, collect, distribute, incentivize and optimize their revenues using PureFacts AI-enriched fees engine, incentive compensation application and compelling revenue business intelligence powered by a single system of record for revenue management. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence including selections to the WealthTech100, AIFinTech100, and ESGFinTech100 awards.

Drive revenues. Eliminate leakages. Increase growth velocity. Learn more at www.purefacts.com

Media Contact
Elizabeth Shim
Haven Tower Group
(424) 317-4861
eshim@haventower.com

View original content:https://www.prnewswire.com/news-releases/vestmark-and-purefacts-announce-partnership-to-transform-wealth-and-investment-management-billing-at-scale-302168131.html

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Expert Electrical Contractor Thomas Reilly Explains Knob-and-Tube Wiring Risks in HelloNation

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AMHERST, N.H., Nov. 1, 2026 /PRNewswire/ — The article examines aging electrical systems, modern power demands, and why inspection matters for homeowners and buyers.

KEY HIGHLIGHTS

Knob-and-tube wiring lacks grounding and may have deteriorated insulation or unsafe modifications.Insulation surrounding active wires can trap heat, interfering with the system’s original design.A licensed electrician can identify active wiring, assess its condition, and help plan replacement.

Is knob-and-tube wiring safe in an older home? HelloNation has published a HelloNation article that provides the answer through insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, explaining how aging wiring can affect safety, insurance, and renovation plans.

How Does This Older Wiring System Work?

The HelloNation article explains that knob-and-tube wiring was commonly installed from about the 1880s through the 1940s. Ceramic knobs supported separate wires, while ceramic tubes protected them where they passed through wood framing.

The system used rubber and cloth insulation and relied on surrounding air to release heat. Although appropriate for its era, the design predates today’s electrical demands and grounding needs.

The article notes that these systems lack a ground wire. Aging insulation can also crack or fall away, leaving exposed conductors that create shock or fire risks.

Why Can Modern Household Changes Create Problems?

The article describes how high electrical demand can overload older circuits. Air conditioners, microwaves, and other appliances may place demands on wiring beyond its original purpose.

Adding insulation around active wires can trap heat. The article also identifies improper splices and oversized replacement fuses as concerns that may compromise safety.

Visible ceramic components can help identify the system in unfinished spaces. However, the article cautions that two-prong outlets alone do not confirm its presence, and an electrician must determine which wiring remains active.

What Should Homeowners Consider Before Renovating?

The HelloNation article explains that active knob-and-tube wiring may complicate insurance coverage or a home sale. Requirements vary, with some insurers seeking an inspection or replacement.

The article describes replacement as installing modern grounded cable throughout affected areas. Accessibility, layout, and wall materials influence the work, and some homeowners complete rewiring in stages.

Until replacement, the article advises avoiding overloaded circuits, keeping visible wiring clear of insulation and storage, and leaving repairs to qualified professionals.

What Is Knob-and-Tube Wiring and Is It Safe Today? features insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, in HelloNation.

FREQUENTLY ASKED QUESTIONS

Does Older Wiring Always Present an Immediate Danger?

According to Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, undisturbed wiring in good condition may continue working when not overloaded. Its condition still warrants professional evaluation.

Can Insulation Cover Active Wires?

Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, explains in the article that surrounding insulation can prevent heat from escaping. The system was designed to operate with open air around its wires.

Does Rewiring Require Opening Every Wall?

Based on insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, electricians can often fish new cables through walls. The extent of access needed depends on the home’s construction and layout.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/expert-electrical-contractor-thomas-reilly-explains-knob-and-tube-wiring-risks-in-hellonation-302925341.html

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Retirement Planning Expert Janie Kelly Explains Required Minimum Distribution Rules in HelloNation

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The article outlines retirement account withdrawal deadlines, calculation methods, and tax considerations that can affect retirement income planning.

KEY HIGHLIGHTS

Required withdrawals depend on account type, age, prior year-end balances, and IRS life expectancy tables.Delaying a first withdrawal until the following April can mean taking two distributions in one calendar year.IRA and employer plan rules differ, making account-specific calculations and deadlines important.

ROCHESTER HILLS, Mich., Nov. 1, 2026 /PRNewswire/ — How does a required minimum distribution work for IRAs and 401(k) plans? HelloNation has published a HelloNation article that provides the answer through insights from Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, explaining how withdrawal requirements affect retirement income and taxes.

Which Retirement Accounts Require Withdrawals?

The HelloNation article explains that required minimum distributions, commonly called RMDs, apply to traditional IRAs and many employer retirement plans. These withdrawals ensure that tax-deferred savings eventually become subject to income tax.

The article distinguishes these accounts from Roth accounts, which generally do not require lifetime withdrawals by their original owners. Inherited retirement accounts follow separate rules and may involve both annual withdrawals and a deadline for emptying the account.

How Are Withdrawal Amounts and Deadlines Determined?

The article explains that a required minimum distribution generally uses the account’s prior December 31 balance divided by an IRS life expectancy factor. Different tables may apply depending on the owner’s circumstances.

The first withdrawal generally has an April 1 deadline in the year after the applicable starting age. Later annual withdrawals generally must occur by December 31.

The article cautions that waiting until April for the first withdrawal can create two taxable distributions in one year. That timing may affect the retiree’s tax bracket.

Can Withdrawals Be Combined Across Accounts?

The HelloNation article explains that each traditional IRA requires a separate calculation. The combined amount can generally come from one IRA or several IRAs.

Most 401(k) plans require withdrawals from each individual account. The article also describes a possible delay for eligible employees still working under their current employer’s plan, while noting that this exception does not apply to IRAs.

Missing a withdrawal can trigger an IRS penalty. The article emphasizes tracking deadlines, reviewing account requirements, and planning distributions before year-end.

How Required Minimum Distributions Work for IRAs and 401(k) Plans features insights from Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, in HelloNation.

FREQUENTLY ASKED QUESTIONS

Can Required Withdrawals Affect Other Retirement Costs?

According to Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, taxable withdrawals may affect income tax brackets, taxation of Social Security benefits, and Medicare premiums for higher-income retirees.

Can Charitable Giving Count Toward an RMD?

Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, explains in the article that eligible IRA owners can use qualified charitable distributions toward their RMD. These transfers must go directly to qualified charities and follow applicable limits.

Must Retirees Take Their Entire Withdrawal at Once?

Based on insights from Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, withdrawals can be spread across monthly or quarterly payments. Some retirees arrange automatic distributions through their account provider.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/retirement-planning-expert-janie-kelly-explains-required-minimum-distribution-rules-in-hellonation-302925346.html

SOURCE HelloNation

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Accounting Expert David Riggs Explains S Corp Reasonable Salary and Distributions in HelloNation

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The article explains how owner compensation affects payroll taxes and why salary decisions need supporting records.

KEY HIGHLIGHTS

Working S corporation owners must receive reasonable compensation before taking shareholder distributions.Duties, experience, hours worked, and comparable wages help determine an appropriate salary.The IRS may reclassify distributions as wages, resulting in back payroll taxes, interest, and penalties.

YORK, Pa., Nov. 1, 2026 /PRNewswire/ — How much salary should an S corporation owner pay themselves? HelloNation has published a HelloNation article that provides the answer through insights from David Riggs, Accounting Expert of York, Pennsylvania, explaining how salary and shareholder distributions affect payroll taxes.

Why Do Salary and Distributions Receive Different Tax Treatment?

The HelloNation article explains that working S corporation owners serve as both shareholders and employees. Their compensation can include wages paid through payroll and shareholder distributions.

Salary is subject to payroll taxes, including Social Security and Medicare. Shareholder distributions generally are not subject to those taxes, creating potential savings alongside compensation requirements.

The article notes that owners cannot simply replace reasonable wages with distributions. Working owners must receive compensation that reflects the services they provide.

How Is an S Corp Reasonable Salary Determined?

The article explains that no single dollar amount applies to every owner. An s corp reasonable salary depends on the work performed and what comparable businesses would pay for similar services.

Relevant factors include training, experience, responsibilities, and time devoted to the business. The article also describes how business size, complexity, revenue, and profits can influence compensation decisions.

Owners may handle management, sales, technical work, and bookkeeping. The article outlines approaches that compare market wages or assign compensation to each role.

Why Do Documentation and Annual Reviews Matter?

The HelloNation article cautions that percentage splits, such as 60 percent salary and 40 percent distributions, are not official IRS guidelines. Compensation decisions should reflect business facts rather than a fixed formula.

The article recommends keeping salary research, job descriptions, and records of hours worked. Reviewing compensation annually helps owners account for changing responsibilities and business growth.

Salary should also run through formal payroll, with required withholding, filings, and a year-end W-2. These practices help support the distinction between employee wages and shareholder distributions.

How the IRS Views S Corp Owner Salary and Shareholder Distributions features insights from David Riggs, Accounting Expert of York, Pennsylvania, in HelloNation.

FREQUENTLY ASKED QUESTIONS

Does the IRS Approve a Standard Salary Percentage?

According to David Riggs, Accounting Expert of York, Pennsylvania, no fixed percentage replaces a review of the owner’s actual work. Comparable pay and documented responsibilities provide a stronger basis.

What Happens When an Owner Takes Too Little Salary?

David Riggs, Accounting Expert of York, Pennsylvania, explains that the IRS may reclassify distributions as wages. Owners can then face back payroll taxes, interest, and penalties.

Can a New Business Justify a Lower Salary?

Based on insights from David Riggs, Accounting Expert of York, Pennsylvania, limited profit or cash may support lower compensation. The article emphasizes scrutiny when significant distributions accompany little salary.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/accounting-expert-david-riggs-explains-s-corp-reasonable-salary-and-distributions-in-hellonation-302925330.html

SOURCE HelloNation

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