Schroders extends Advantage Fee platform

Schroders, the London-based asset manager with £113 billion under management, will roll out version 6 of Fiserv's Advantage Fee client billing and revenue management platform. Schroders, which has been an Advantage Fee customer since 2002, will move its global billing network to a web-based model. It will oversee revenue management from its central hub in London, with staff from 13 billing offices, including Singapore, Bermuda and Switzerland, reviewing and authorising invoices.