Billing and Revenue
Billing and Revenue Overview
The AdvisorEngine Portfolio Management Suite contains a robust billing engine that allows you to set broad billing settings to your firm’s preferences while fine tuning the billing settings for any client or account as needed. Calculations are made ...
Viewing Account Billing Detail
Billing Detail shows the complete picture of how fees are calculated for any one account. This includes market values, exclusions, discounts, the complete calculation formula and which billing tiers the account fell under if applicable. To view the ...
Advance Fee Billing Adjustments
Advisors using Advance billing have the option to calculate retroactive adjustments to the fees already charged for the previous period. These adjustments can be triggered by inflows/outflows that exceed a threshold specified in the billing ...
Billing Reconciliation Report
The Billing Reconciliation Report allows you to compare the calculated fees from the Billing Engine with the actual fees that were deducted from the account. To view the report: Navigate to Run Business > Revenue. Select the billing period to view ...
Revenue Dashboard and Reports
The Revenue Dashboard, available from Run Business > Revenue shows all billing activity for a selected billing group and billing period, giving full visibility into various revenue reports. Admins and Advisors can use the dashboard to find cash ...
Viewing Invoices for a Specific Account
From the Portfolio Management Suite Navigate to Manage Clients > Dashboard. Using the Account, Client, or Household tabs along with the Search options, locate the client or account you want to view the invoice for and click to open it. Navigate to ...
Generating Fee-Billing Invoices
Firms have the ability to quickly generate, preview, and share invoices with clients to provide detailed information regarding how their fees were calculated. Visibility for individual invoices may be controlled per-client. Generating Invoices for ...
Locking the Billing Period
Locking the Billing Period prevents further changes to all billing records during the set billing period. This will need to be done monthly or quarterly depending on the firm’s billing frequency setting. Locking the billing period is a required step ...
Establishing Billing Groups
Billing Groups allow a firm to create separate sets of accounts that operate under different billing rules from each other. Each Billing Group has its own settings configured in the Billing Settings section. Billing Groups are a type of Subtenant. To ...
Overriding Account Billing Dates or Adding Lock Dates
Under Billing Settings, a firm can control whether new accounts automatically start to be billed on Account Open Date, Initial Funding Date, or First Purchase Date. If needed, it is possible to override an account’s billing start date, as well as to ...
Creating an Advisor Fee Split
You can assign an Advisor Code that splits any way you like between multiple Advisors. To create a Fee Split: Navigate to Run Business > Billing. Click Create Advisor Fee Split from the top controls. Select a Fee Split Code from the drop-down. This ...
Assigning Debit Accounts
It is possible to debit fees for a particular Billing Household or any given Account from any other account you specify. To assign a Debit Account: Navigate to Run Business > Billing. Click Assign Debit Account from the top controls. Select a Billing ...
Creating a Billing Household
Billing Households allow you to combine any Clients or Accounts that you want to bill as a single unit. If your fee schedule(s) use cliff or blended tiers, the total of the household’s accounts are used to determine which tiers apply. If you wish to ...
Applying Discounts
Discounts in billing can be flexibly applied to any accounts in a billing period either in flat amounts or a percentage-basis. Timing, Start Date, and End Date Discounts can only be applied for an entire billing period. If a discount starts or stops ...
Applying Exclusions
Exclusions allow you to set specific Accounts, Securities, or Security Types to be exempt from fees during a billing period. Note: Non-managed accounts and positions are automatically excluded from billing and need not be added here. Any overlap in ...
Creating Fee Schedules and Overrides
Fee schedules are the basis for all billing in AdvisorEngine. A Fee Schedule tells the AE billing system how to bill each account the end of a billing period is reached. On top of the default schedule, overrides, discounts, and exclusions can also be ...
Billing Settings
Billing Settings control the default behavior of the billing engine calculations that are run whenever Fee Billing Invoices are generated. These settings, along with Fee Schedules, Discounts, and Exclusions determine how much each account is billed ...