Billing for Advisers Can Be ‘Smart,’ Too


“You’re moving from a very slow, archaic world into a fast-moving world. There’s a lot to bridge there.”

Lacey Shrum, CEO of Smart Kx, joins “On Purpose” host Tyrone Ross to debate the enhancements expertise could make within the adviser area, beginning with the modernization of the billing course of. A wiser billing system improves compliance, transparency and transaction speeds. Instead of billing as soon as per quarter, advisers can work in accordance with shoppers’ must invoice month-to-month, weekly and even day by day. Working with expertise as a substitute of in opposition to it should enhance the client-adviser relationship.

Advisers want to organize themselves for an incoming technology-focused monetary ecosystem. To meet this future head-on, advisers have to develop into quicker, extra versatile and extra agile with the rising traits.

The first step: Start constructing belief in expertise wherever relevant, from sensible contracts for billing to buying and selling crypto.

This episode was produced, introduced and edited by Michele Musso with extra manufacturing assist from Eleanor Pahl. Our Theme music is Walk with Swag.