January 2026

• New account opening – Account funded date will automatically assign to the date the account connected to your master or when the value is >$1. Users are able to edit if needed.
• Contract status feature – Now you can easily see what contracts are ready to bill when the time is right.
  • Ready – Fee is due within the next 5 (monthly) or 15 (quarterly) days
  • Billed – Fee has been calculated and invoiced
  • Paid – Fee has been received
• Filter by contract status feature – Smart Kx supports multiple billing cadences, filtering option shows when it is time to build each
• Orphaned accounts – Help new business easily identify new accounts that have come in and CRO’s determine what accounts aren’t being billed.

December 2025

• Coverage Expanded: Expanded billing test coverage to support a broader range of billing structures and fee calculation scenarios.
• SOC 2 Readiness: Initiated and approved SOC 2 data collection processes to strengthen security and compliance readiness.
• Fee Accuracy: Resolved issues related to carryover fee handling for closed accounts, terminated clients, and adjustment periods.
• Performance Boost: Improved application performance with targeted speed optimizations and faster in-app response times.

November 2025

• Enhanced group rate billing display.
• Enhanced the group rate billing display to increase transparency for multi-family pricing relationships. The resulting rate now includes expanded decimal places and is presented in a clean, easy-to-read format directly within the in-app invoice modal.
• Optimized invoices and readability for terminated clients.
• Added search features for available fee schedules
• Added new query, filter, and select tools to allow users to select certain subsets of clients to bill.

October, 2025

•  MFA
  Added Multi Factor Authentication options for more secure login
• Speed Improvements
  • Improvements to decrease import times for nightly data delivery values
  • Optimized loading times for smoother transition between tabs and action items.
• Action Tips
  Add and clarify overlay instructions on action buttons
• Advanced Search
  Enhanced search features for multiple query and select on the contracts tab

September, 2025

• Dashboards
  • Introduced new performance cards showing Unassigned Assets, No-bill Assets, and Lost Revenue.
  • Added a Smart Recon Revenue Increase highlight gains from optimized billing approach.
• General Improvements
  • Enhanced usability with sortable columns and auto-alphabetized lists.
  • Simplified navigation by removing duplicate information and renaming action items for better clarity.
  • Added automatic date completion.
• Optimizations
  • Improved filter performance for faster data views.
  • Optimized value imports.
• Fee Management
  Added audit trail for carryover fees and credits for greater transparency.
• Bulk Contract Creation
  Expanded bulk contract creation options for faster setup.

August, 2025

• Added additional cards to Insights tab
  Users can review their firm’s Average Client Revenue, Average Client AUM, the value of assets with no billing schedule assigned, and the total assets with a 0% fee rate.

July, 2025

• Automated bulk fee contract creation
  During onboarding or acquisition, users can create fee agreements across their entire client base with a bulk upload.
• Optimized incoming data delivery files process
  Included updates to accommodate for new Schwab account number type, routine maintenance and updated alerts to include file delivery time and processing length.

June, 2025

• Collect Fees by ACH or Credit Card
  Users can include electronic payment options for flat $ fees in the client invoice.
• Modernized Line Items Section on Invoices
  Removed now irrelevant column for easier reading and reconcile.

May, 2025

• Billing on new assets for Average Daily Balance
  Users can insert the “start date” for new accounts in existing households and billing will calculate the fee for that date forward for the new account.
• Alert for missing values
  Bulk billing report includes alerts for accounts with missing values.
• Alert for unpaid fees
  Bulk billing report includes alerts for accounts that have not received payment for the last period’s fees

April, 2025

• Billing Report by Master
  The bulk billing report is now available both as a cumulative summary and as separate reports grouped by master account number.
• Schwab nightly data delivery optimized
  Optimized the download and reconciliation of nightly files, enabling earlier posting of the previous day’s values.
• Metrics feature app
  Released a publicly available app for metrics and revenue analysis, replacing prior excel tool.
• Amend contract signature option
  Expanded agreement signature capabilities to include amended fee schedules, optimizing the fee schedule update process and decreasing turnaround time.
• Carryover fees automatically assigned
  When an account is closed or moved and a fee credit or charge is required, the amount is automatically applied to the account specified in the fee agreement.

March, 2025

• New account “bill from” date w/ADB recon
  When a new account is added and date inputed for an existing client and ADB reconciliation is selected, the account will bill for the average daily balance on existing days in the quarter when running billing for next quarter.
• Invoice modal updates
  Increased visibility into fee calculation
• Annual flat fee
  User can now charge an annual flat fee to a custodial account.
• Release Notes
  Added this amazing feature list like we are in the app store

February, 2025

•  Signature request for amending contracts
  User has option to send an updated contract for signature for an existing client, when the fee schedule is updated or otherwise.
•  Fee collection reconcile
  If all values from an invoices are debited from the account, the invoice will automatically be marked “paid.”
• Closed or $0 balance account fee adjustments
  When an account is closed or $0 for an existing client, users have the ability to assign any outstanding fee or credit to another account.
• Accounts moving masters.
  Ability to move accounts between masters without updating contracts and maintaining records.

January, 2025

•  Insights Dashboard
  New tab added with revenue insights including AUM, last collected revenue and average blended rate.
• Advanced Billing Reconciliation
  We’ve enhanced our billing system to offer a new “look-back” reconciliation feature for advisors who bill quarterly in advance. Rather than shifting entirely to billing in arrears, advisors can bill at the start of the quarter and at the end of the quarter, the system compares the average daily balance over the previous quarter with the amount paid in advance. Any difference is credited or debited to the client’s account, ensuring fair and precise billing.
• New Account “Bill From” date
  Added the capability to select a date for new accounts to start billing; app will automatically bill for that day forward in upcoming billing.
• Combined fee file
  When downloading the fee files in bulk, user receives one combined fee file and each separate master in one zip drive
• Updated login and password reset actions