Case Study – RIA
Silver’s Fee Billing solution helped an RIA firm with more than 500 advisors move from a manually intensive and error prone, outsourced billing process, managed with spreadsheets to a fully automated and integrated cloud-based solution. This enabled the firm to move away from maintaining fee schedules at the individual account level, and allowed them to set up UMA sleeve default schedules with account overrides. This resulted in a dramatic reduction in the number of fee schedules, reducing errors and risk while alleviating operational strain. Silver’s Fee Billing implementation automated the valuation of assets and creation of account groups through an automated data interface with one of the largest custodians servicing independent RIAs including debit file integration.