Client Fees

The Client Fees menu gives advisors access to client fee schedules. The following pages are included in the Client Fees menu:

Configure Fees - Advisors use this page to set up client fees.
Invoicing - Advisors use this page to submit daily fee invoices for multiple client accounts, view and update pending invoices and review invoices. Advisors can also reimburse fees to clients.
Templates - Advisors use this page to create and edit client fee templates.
HFCIP Fees - Advisors can charge client fees based on clients' investments in Hedge Funds available through our Hedge Fund Marketplace.

Advisors can charge the following types of fees to their clients:

No fee - The advisor does not charge a client fee.
Client fees - A calculated advisor fee is automatically billed to the client's account with blanket client authorization using one method or a combination of several methods:

Annualized Percentage of Net Liquidation Value, with posting frequencies of daily, monthly or quarterly
Annualized Flat fee, with posting frequencies of daily, monthly or quarterly
Percent of Profit and Loss (P&L). The maximum percent of P&L that you can you charge for either period is 35%.
Fee per trade - For non-US advisors and commodity-registered advisors in the US and US protectorates (futures only). Note that you cannot select fee per trade for Money Managers.

Direct billing - The advisor bills the client directly and no funds are removed from the client's account.

Advisors can also submit electronic invoices in Account Management for client fees.