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The Client Fees menu gives advisors and brokers access to client fee schedules. The following pages are included in the Client Fees menu:
- Configure Fees - Advisors and Brokers use this page to set up client fees.
- Invoicing - Advisors and Brokers 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 and Brokers use this page to create and edit client fee templates.
- Markup Summary - Displays a commission markup summary for broker client accounts.
- HFCIP Fees - Advisors can charge client fees based on clients' investments in Hedge Funds available through our Hedge Fund Marketplace.
Advisor Client Fees
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.
Advisors can also submit electronic invoices in Account Management for client fees.
Broker Client Fees
Brokers can set individual
fee schedules that apply to specific client accounts or create fee schedule templates and apply them to one or more client accounts.
Brokers can charge the following types of fees to their clients:
- Minimum and maximum fee per trade
- Ticket charge per trade
- Client markups
- Absolute fees for specific products and exchanges
- Regulatory and
exchange fees (pass-through fees)
- Interest markups and markdowns
Brokers can also submit electronic invoices in Account Management for client fees.