Get Expert Validation for your Form ADV
The slightest mistake in the fee + ADV + client agreement trifecta can lead to costly consequences.
Our review service specializes in the meticulous examination of Item 5 of your ADV Part 2A, your client agreement fee provisions against your actual fee calculations, ensuring that every billing detail is clear, accurate, and sound.
Advisors, stop stressing over billing calculations
Are calculations correct?
Incorrect calculations could inadvertently breach fiduciary duty to clients.
Can I explain these calculations?
Be confident that these public-facing documents won't ever come back to haunt you.
Are the calculations transparent?
Be clear and transparent in the way fees are paid for your client accounts.
Review Service
At Smart Kx we’ve built an AUM fee program from scratch, meaning we know the ins and outs of the calculation process. Attorneys and compliance consultants are not experts in the intricacies, but the regulators absolutely are. Other parties aren’t reviewing your billing program in comparison to your disclosures leading to potential inaccuracies.
Our service includes:
- Validation of all required criteria for ADV Part 2 Item 5
- Review fees for sample clients against documentation
- Documentation of fee calculations
- Review treatment of alternatives, cash and margin balances
- and 12 other common errors!
Key Benefits
- Confidence in your calculation process
- Expert validation
- Error-free fee disclosures
- Detailed memo report for compliance
- Flawless fee calculations
- Identify risks and their severity
Testimonials
“Smart Kx has saved me nearly a week every quarter ensuring all my agreements match my billings” – Chris C
“What we don’t often talk about is how many mistakes FAs make EACH quarter with billing. Invoices that go out to clients – wrong. With each mistake, it chips away at client trust.” – Cameo R
“That’s an impressive way to ease the burden of billing! Transitioning from spreadsheets to automation is a game-changer.” – Christopher H
Common questions
Why is this necessary?
ADV Part 2A and client agreement cover many topics from trading requirements, personal disclosures, and other business activities. However, fees and calculations are the most often and widely examined by the regulators where problems can be found.
What sort of problems do you typically find?
Will you review all calculations in my complex Excel fee calculator?
Will you draft my adv part 2a and client agreement?
Great! What do I need to do?
Don't leave your fees to chance!
Reach out today for a comprehensive review, and ensure your agreement is as robust and error-free. Secure your peace of mind with our expert validation service.
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