Adviser Fees – Calculation and Payment

• Initial and Ad Hoc Fees are paid weekly on a Wednesday
• The cut off is Monday midnight - if cleared funds are available then fees will be paid that week, if not, they will be paid the following week.
• Fee breakdowns are provided on Tuesday night weekly in the Company Reports area of your IFA environment "Weekly Fee Reports"
• If you are a "Platform Solution", then your Fee MI is provided on the 2nd Wednesday of each month in the Company Reports area of your Platform environment.  

• Ongoing Adviser Fees are paid monthly in arrears
• They are accrued daily on all assets (cash and instruments/ funds/ models/investments)
• They are calculated at the end of every month and paid on the second Wednesday of every month
• Fee breakdowns are provided on the first or second working day of every month in the Company Reports area of your IFA environment "Adviser Fee Reports"

In the event that a fee is not linked to a particular contribution, the system will continually check if there is sufficient cash to pay. These checks take place around every 4 hours. If the contribution does not coincide with one of these checks, the cash may start investing before the deduction can be made which will cause a portfolio raise to queue. 

Fee breakdowns are available in the Admin Menu 

Company Reports area:

It is also possible to deliver fee breakdowns to you via SFTP file and /or  API functionality to your back-office systems.  This requires discussion and set up with the individual back-office system provider. 

If you are interested in exploring this please raise a Freshdesk ticket.