Ease Of Use
Automating your billing is key to maintaining a streamlined operations group as your firm grows. FinFolio allows you to create standardized fee schedules that specify billing tiers, flat fees, aggregation and discount rates.
Specify whether the fee should be assessed in advance or arrears, and assign fee schedules at the household, client, portfolio or account level. Add minimum fee amounts, or discard fees below certain amounts. Create different fee tiers for different asset classes.
The billing process doesn't stop when the fee is debited. Fees must be distributed to the managers, referral sources and other people in your firm. FinFolio lets you create manager payout schedules that allocate different percentages of the fee to different organizational roles.
Attach a payout schedule to each household, client, portfolio or account, then place a specific individual in each of the schedule's roles. These payout schedules are used to to break each debited fee out into payments to specific individuals.