Smart Kx
Revenue Intelligence
See what is actually driving your revenue.
Most firms can see AUM and revenue. What is harder to see is what happened underneath those numbers. How did market movement, client activity, pricing and fees actually affect revenue?
Smart Kx Revenue Intelligence connects the underlying data to show where revenue came from, why it changed and what that tells you about the business.
Schedule a Demo →Why revenue changed
Total Firm, Q3 2026
Starting revenue
$568,498
Ending revenue
$730,897
Total revenue growth
+$162,399 (+28.6%)
Driver
Revenue impact
% of growth
Trend
Market appreciation
+$88,534
55%
▲
Client additions
+$32,021
20%
▲
Client withdrawals
−$22,579
−14%
▼
New clients
+$10,613
7%
▲
Lost clients
$0
0%
▶
Smart Recon adjustment
+$53,109
33%
▲
Day count adjustment
$0
0%
▶
Tier impact & other
+$701
0%
▲
Total revenue growth: +$162,399 (+28.6%)
Sample data for illustration
Revenue drivers
See exactly what created the growth
See how market movement, new business, existing client additions and withdrawals, lost clients and pricing each contributed to the change in revenue.
Market
Market appreciation
Client activity
New clients
Client additions
Client withdrawals
Lost clients
Pricing & fees
Smart Recon adjustment
Day count adjustment
Tier impact & other
Trends
Understand your revenue over time
Revenue Composition
Track how the makeup of revenue changes quarter after quarter. See how much growth is coming from the market, new business and existing clients, and how much is being offset by client spending, attrition and pricing.
Revenue Quality & Risk
See when the market is holding up growth, client withdrawals are becoming a larger drag, revenue is concentrated in certain clients or advisors, or organic growth is strengthening or weakening.
Business Performance
See the same revenue drivers across advisors, client segments, firms or acquisitions. Understand where growth is strongest, which parts of the business are creating revenue and how performance differs across the organization.
Beyond AUM
AUM changed. What did that do to revenue?
AUM
What happened to assets
AUM tells you what happened to assets. It doesn't tell you what those changes did to the business.
→
Revenue Intelligence
What it did to the business
Revenue Intelligence connects changes in assets and clients to actual revenue, giving you a clearer view of the business you are running, buying or growing.
Use cases
Operate. Acquire. Measure. Compare.
Use Revenue Intelligence to understand your own business, evaluate an acquisition, measure performance over time or compare advisors and firms.
Operate
Understand your own business and what is really moving revenue each quarter.
Acquire
Evaluate an acquisition by seeing how its revenue was built, not just its AUM.
Measure
Measure performance over time and see whether organic growth is strengthening or weakening.
Compare
Compare advisors and firms on the same revenue drivers.
About Smart Kx
Smart Kx has spent years working at the intersection of RIA assets, client agreements, fee structures and revenue, and today calculates advisory fees across approximately $20 billion in AUM. That experience gives us a unique understanding of how activity at the client and account level ultimately impacts the economics of an advisory business.
~$20B
in AUM with advisory fees calculated by Smart Kx
See what is actually driving your revenue.
Find out where your revenue came from, why it changed and what that tells you about your business.