Billing and Revenue
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 > Reports and select a billing period ...
Pershing Billing File Transmission Upgrades
For firms using AdvisorEngine’s billing feature for accounts at Pershing, the transmission of the fee debit file to Pershing has been upgraded to permit queuing and transmission of files for more than one Billing Group per day. When locking a ...
Revenue Dashboard Overview
The Revenue Dashboard shows all billing activity for a selected billing group, giving full visibility into various revenue reports. Admins and Advisors can use the dashboard to find cash shortages and missing fee schedules, as well as develop a ...
Viewing Invoices for a Specific Account
From the Portfolio Manager 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 the ...
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 events during the set billing interval. 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 are a type of Subtenant. To create a new Billing Group, see Creating and Configuring Subtenants, and select the Billing style Subtenant during the creation process.
Overriding Account Billing and 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 you wish to household clients only for Performance reporting purposes, see Householding Clients for more details. To create a Billing ...
Applying Discounts
Discounts in billing can be flexibly applied to any accounts over a given date range in either in flat amounts or a percentage-basis. To create a new Discount: Navigate to Run Business > Billing. Click Apply Discount from the top controls. Enter a ...
Applying Exclusions
Exclusions allow you to set specific Accounts, Securities, or Security Types to be exempt from fees over a set date range. Note: Non-managed accounts and positions are automatically excluded from billing and need not be added here. Any overlap in the ...
Creating Fee Schedules and Overrides
To create a new Fee Schedule: Navigate to Run Business > Billing. Decide whether to start from scratch or create based on an existing Fee Schedule. To start from scratch, click Create Fee Schedule from the top list of commands. To duplicate and edit ...
Billing Settings
The following broad options are available in Billing Settings. Alternate Billing Groups (also known as Billing Subtenants) may be established to have different configurations of these rules for different scenarios. See Creating and Configuring ...