Fee billing in wealth and asset management is complex, involving data from multiple sources, calculations, validations, and collections. Revenue leakage—loss of income due to errors or inefficiencies—threatens profitability as fee compression squeezes margins. Key causes include missed billable events, delayed invoicing, and inaccurate fee agreements. Challenges like customized pricing, poor data quality, and manual workflows worsen the problem. Broadridge recommends standardizing fee structures, automating processes, and tracking metrics to detect leakage. Its two-part approach combines identifying existing issues through reconciliation and back-testing with preventing future leakage via workflow optimization, audits, and data controls. Case studies show gains like 2% higher billed revenu

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