AdvisorBOB Updates

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Account Billing Details

With the new addition to our Custodian Tab, account level billing questions are easy. This new feature provides account level information on the “Last Billed Amount” & “Total Billed Amount”. The Account billing details was designed to streamline account level billing questions. Simply navigate to the custodian accounts page and select the blue edit button ...
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Account Group ID

With the ever-increasing use of our Custodian Tab house-holding feature, we set out to streamline our client experience. To assist our clients in seamlessly integrating AdvisorBOB with technologies like Orion and Black Diamond, we have created an “Account Group ID” field. The group ID will be manually entered into the system by the administrator within ...
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Transaction Import ID

We understand that one-off compensation reconciliations can be time consuming and frustrating. Especially when you do not remember exactly what excel file the transaction in question belongs to. To combat this issue, AdvisorBOB tracks all imports with a unique import ID. This allows administrators single click access to their import file. Within AdvisorBOB, the administrator ...
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March 2020 Updates

Info Boxes:Per request, AdvisorBOB has implemented information boxes on the Leveled Payout by Pay Cycle Report. A user can hover over the information icon to view more information regarding the data. We plan to implement these icons throughout the site to provide a better user experience and hopefully decrease platform questions to admins. Advisory Fees ...
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Custodian – No Calculation

AdvisorBOB’s current “Custodian Tab” allows the user the ability to calculate account fees in order to bill clients whose assets are with a third-party custodian. The 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, ...
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Advisory Fees Report

AdvisorBOB provides significant value to its registered investment advisors through our ability to create custom compensation reports. A great example of a custom report we have completed is our Advisory Fees Report. The Advisory Fees Report allows user to view their advisory fees for any pay cycle by account class, rep ID, vendor, or by ...
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Custodian Tab

AdvisorBOB’s custodian feature was built to assist registered investment advisories with calculating account fees for clients whose assets are with a third-party custodian. The “Custodian Tab” has three sub tabs that include “Accounts”, “Account Groups”, and “Fee Schedules”. The “Accounts” tab feature stores all client account information and fee data. Administrators have the option to ...
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Adjustment Fee to Primary Rep

Problem: Advisors were reaching out to the registered investment advisories compensation team looking for reconciliation on mysterious fees. It was found that advisors associated with split rep ID’s were being improperly billed with adjustments and admin fees that were supposed to be charged to the primary advisor of the split ID. Solution: AdvisorBOB created a ...
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Leveled Compensation

AdvisorBOB is proud to announce a new functionality available to its users. Our May update features the “Levelized Net Payout Report”. This application allows firms to give an in depth overview to the advisors of how their leveled compensation is being calculated. The Levelized Report provides the advisor with the direct deposit amount. This is ...
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Coming Soon

401k Tab: This feature will provide a place for all 401k account and disbursement details to be logged. RIA payouts after payout percentages and advisor splits to be shown, and aggregated with all other RIA fees paid to advisors. With a multitude of different 401k plans sponsors and payment methods keeping track of what plans ...
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