Whether you are billing monthly in arrears or quarterly in advance, creating unique sleeve, account, and household level fee structures, or sharing account revenue with other advisors, billing can be complicated – but it doesn’t have to be. Finding the right product that fits your business goals and is up to speed with the technological advances in the space is crucial to being successful.
Utilizing an advanced billing technology is an essential aspect of any business, but particularly for registered investment advisors who bill dynamically across asset tiers and timeframes and accurate billing is crucial for maintaining a healthy financial state.
In this paper, we will explore the key characteristics necessary for creating an effective billing process that ensures timely payment and customer satisfaction. Designed for registered investment advisors, these valuable insights will help you improve your billing processes.