Automating your billing is key to maintaining a streamlined operations group as your firm grows. FinFolio lets you bill your accounts using sophisticated fee schedules, then distribute the proceeds across a network of stakeholders.
Billing 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.