Creating Fee Schedules

Creating Fee Schedules

To create a new Fee Schedule:

  1. Navigate to Run Business > Billing.
  2. 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 an existing Fee Schedule, locate it in the list and click the duplicate control.
  3. Select the Calculation Method: Flat, Cliff Tier, or Blended.
    • Flat: Flat dollar amount.
    • Cliff Tier: Entire account will be billed at the BPS set for the tier the account falls in.
    • Blended: Each tier will be billed at the BPS set for that tier and any remainder at the next tier and so on.
  4. Select the Fee Type. The available options will depend on which Fee Types are selected in your general Billing Settings.
  5. Assign a Fee Schedule Name.
  6. Set the Fee $ Amount (Flat Schedules) /Minimum Fee (Tier Schedules).
  7. Set the Start Date and, if needed, End Date.
  8. Tier Fees Only: Create your billing tiers.
    • Use the + New Tier control to add as many tiers as needed.
    • Set the Maximum range and Fee BPS of each tier.
    • The Minimum range of each tier is set automatically from the previous tier’s Maximum.
    • The final tier Maximum will always be and up.
  9. Click Save at the bottom to save and enable the new Fee Schedule.
    • Related Articles

    • Creating Account Overrides

      Account Overrides allow you to set custom Fee Schedules that affect only selected Accounts. Account overrides must apply to at least one account to exist. To create an account override: Navigate to Run Business > Billing. Click Create Account ...
    • 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 ...
    • Educational Videos

      The following videos are found throughout the Help Center in their related help articles, but are collected here for easy access. Firm Setup Adding Advisor Codes Adding Advisors Advisor Profile Settings Splitting Advisor Codes Client Portal ...
    • Creating a New Opportunity

      Opportunities can be created for an existing Contact or you can create a new Contact as part of the process of creating the Opportunity. Adding an Opportunity for an Existing Contact If the Contact in question already has an Opportunity in the ...
    • Creating and Configuring Subtenants

      The Subtenant feature allows for individual advisors or satellite firms to have their own Client Portals or Billing subsets within the platform. Subtenant-specific settings are managed under Run Business > Firm Profile, within the Firm, Template ...