The startup offers a fee billing software that automates fee calculations by directly linking them to client agreements, ensuring accurate revenue collection and compliance. This platform eliminates manual processes and reduces billing errors, allowing firms to maintain control over their revenue and enhance client service.
Funding
$750K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Registered Investment Advisors (RIAs) often face challenges in accurately calculating and documenting client fees, leading to potential revenue loss and compliance issues. Manual processes and disjointed systems can result in errors, lengthy billing cycles, and difficulties in matching contracts with actual fees. This can also create transparency issues and strain client relationships.
Solution
Smart Kx offers a fee billing software designed to streamline and automate revenue management for RIAs. The platform directly links fee calculations to client agreements, ensuring accurate revenue collection and compliance. It simplifies client onboarding by automating the dispatch of client agreements, fee schedules, and regulatory documents. Smart Kx also provides tools for bulk billing, client reporting, and automated compliance documentation, including client-specific fee schedules and annual amendments. By integrating with leading CRM systems and custodial platforms, Smart Kx reduces friction, enhances automation, and streamlines workflows, allowing RIAs to accelerate revenue, scale growth, and enhance client satisfaction.
Target Audience
The primary target audience includes Registered Investment Advisors (RIAs) seeking to streamline their fee billing processes, improve accuracy, and ensure regulatory compliance.
Features
- Automated fee calculation linked directly to client agreements
- Client onboarding tools for swift setup and automated document dispatch
- Customizable fee schedule creation with account-level adjustments
- Bulk billing and client reporting features, including insufficient cash notifications
- Automated compliance documentation, including client-specific fee schedules
- Integration with CRM systems like Redtail and Wealthbox for seamless data flow
- Integration with custodians like Charles Schwab to receive account information and calculate fees
- Two-Factor Authentication (2FA) and data obfuscation for enhanced data security
- Hosting on Amazon Web Services (AWS) for secure and reliable infrastructure