“You’re moving from a very slow, archaic world into a fast-moving world. There’s a lot to bridge there.”Lacey Shrum, CEO of Smart Kx, joins “On Purpose” host Tyrone Ross to discuss the improvements technology can make in the adviser space, starting with the modernization of the billing process. A smarter billing system improves compliance, transparency and transaction speeds. Instead of billing once per quarter, advisers can work according to clients’ needs to bill monthly, weekly or even daily. Working with technology instead of against it will improve the client-adviser relationship.Advisers need to prepare themselves for an incoming technology-focused financial ecosystem. To meet this future head-on, advisers need to become faster, more flexible and more agile with the growing trends.The first step: Start building trust in technology wherever applicable, from smart contracts for billing to trading crypto.This episode was produced, announced and edited by Michele Musso with additional production support from Eleanor Pahl. Our Theme song is Walk with Swag.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.