Family Office
Premier Payment rolls out Concierge Bill Pay ASP

Automated, outsourced account administration for wealth-management clients. Premier Payment Services is out with a new software package called Concierge Bill Pay that offers clients of wealth managers, accounting firms, private bankers and family offices bill payment, customized monthly expense statements, and account- and vendor-dispute resolution.
Outsiders
"We've found a slice of the financial services market that is clearly underserved," says Devin Miller, v.p. of business development at Bellevue, Wash.-based Premier Payment Services. "We've found that 80% of independent advisory firms have no in-house solution when clients ask for daily account administration services." Most of them end up referring clients to outside bookkeepers, he adds.
Concierge Bill Pay is a turn-key, web-accessed package that lets advisors and their clients quickly and securely check the status of their accounts.
"Of course banks offer online bill pay, and there is software like Intuit's Quicken that allows consumers to do this today," says Miller. "However, most people don't want to do this financial chore. We administer bills for clients; we pay the bills so they don't have to." -FWR
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