Management Fees

[Davi48]

I am trying out the Advisor software. In Management fees custodians like for us to break out the qualified and non-qualifed into reports. If I group clients into a sub-account and applied the rate structure to the whole portfolio, there is no distinction between qualifed and non-qualified on the report. The fee is for the whole account.

If this is not in the software, it would be a great addition. Maybe I haven't discovered how to program it right.

Otherwise, I like the program.

[Mark]

Hi Davi48,

Thanks for trying out Fund Manager.

The management fee method is intended to be as flexible as possible. If you assign a management fee method at the account level, instead of at the client level, you will get a line item for each account, instead of only at the client level. You can also get a client total by turning on "sub-total by client" in the report settings. For example, if you have a sub-portfolio hierarchy like this:

Code: Select all

- My Advisor Business
  - Client John Doe
    - Non-Qualified Acct
    - Qualified Acct

assign the management fee method to the account sub-portfolios, and then run your management fee report and turn on sub-total by client. You want to make sure you have a client defined and assigned to the "Client John Doe" sub-portfolio. You do that under "Edit / Client List...".