AdvisorBOB’s most recent update provides the user with the ability to calculate account fees in order to bill clients whose assets are with a third party custodian. The brand new “Custodian Tab” stores all client accounts and fee data. The Custodian Tab has the ability to set up tiered pricing schedules along with house holding client accounts. Each quarter, the account fee is calculated either in arrears or in advance. Within the custodian tab the system is accounting for prorated days if an account is opened or closed mid quarter. A simple click will provide a detailed export providing each account number and the appropriate fee to bill. In addition to the export there is an indicator that notifies the user if an account needs to be traded in order to raise cash for the fee pull. In addition to calculating the fee for submission to the custodian, AdvisorBOB simultaneously calculates the net fee that should be paid to each advisor after any RIA payout percentages, advisor account splits, or other asset based program/admin fees. Combining the RIA payout process with the fee billing process is another way that AdvisorBOB is set apart from other fee billing services.