Fee & Billing

Change a Fee Once. Every System Updates.

Fee schedule changes cascade to billing, client communications, advisor dashboards, and reporting automatically. No more manually updating the same number in four systems.

See Milemarker Relay in Action Milemarker Relay Overview

No-code builder · Full audit trail · SOC 2 Type II · 400+ integrations

The Problem

Fee changes are error-prone by design

A client negotiates a revised fee. You update it in the billing platform. Then someone remembers to update the client portal. Then someone else updates the advisor dashboard. Three weeks later, a report goes out with the old number — because no one updated reporting.

Multiple systems holding fee data means multiple opportunities for them to diverge. Billing reconciliation becomes a monthly investigation. Client inquiries arrive because the portal shows a rate that doesn't match their invoice. Milemarker Relay eliminates the problem at the source — one change, everywhere, automatically.

What You Can Automate

Every fee workflow, synchronized automatically

These are the billing automations RIA ops teams implement first — and the ones that eliminate the most reconciliation overhead.

Fee change propagation

Update a fee schedule in one system and Milemarker Relay cascades the change to every connected platform — billing, portals, dashboards, and reporting — without manual re-entry.

Billing reconciliation

Custodian billing data normalized and reconciled against your billing platform automatically. Discrepancies flagged for review before invoices go out.

Client fee notifications

When fee schedules change, clients receive personalized communications automatically — clear, compliant, and sent at the right time without manual drafting.

Advisor dashboard updates

Revenue projections and fee displays on advisor dashboards update automatically when schedules change — advisors always see accurate numbers without IT involvement.

Revenue reporting sync

Reporting platforms and performance systems receive updated fee data automatically. Revenue analysis and client reports reflect current schedules without manual exports.

Audit trail for fee changes

Every fee modification logged with full context — what changed, when, in which system, and which downstream updates were triggered. Examination-ready from day one.

Common Questions

Fee automation questions answered

How does Milemarker Relay propagate fee schedule changes across systems?

When a fee schedule is updated in any connected system, Milemarker Relay detects the change and cascades it to every other platform — billing, client portal, advisor dashboard, and reporting — automatically. No manual re-entry required.

Can Milemarker Relay handle billing reconciliation across custodians?

Yes. Milemarker Relay normalizes billing data from Schwab, Fidelity, Pershing, and other custodians, then routes it to your billing platform for reconciliation. Discrepancies are flagged automatically for review.

Does Milemarker Relay maintain an audit trail for fee changes?

Every fee change is logged with a full audit trail — what changed, when it changed, what system initiated the update, and which downstream systems were notified. Built for compliance and client inquiry readiness.

Which billing systems does Milemarker Relay integrate with?

Milemarker Relay connects to 400+ platforms including Orion, Tamarac, Addepar, Black Diamond, Billing in a Box, and more. Fee data flows between systems based on rules you define — no engineering required.