Billing for Advisers Can Be ‘Smart,’ Too

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 discuss the improvements technology can make in the adviser space, starting with the modernization of the billing process. A smarter billing system improves compliance, transparency and transaction speeds. Instead of billing once per quarter, advisers can work according to clients’ needs to bill monthly, weekly or even daily. Working with technology instead of against it will improve the client-adviser relationship.Advisers need to prepare themselves for an incoming technology-focused financial ecosystem.…