Altruist's fee billing solution is a comprehensive tool aimed at Registered Investment Advisors (RIAs). It integrates billing processes to minimize revenue loss and compliance issues, allowing advisors to manage their billing efficiently. The system supports various billing models, including Assets Under Management (AUM)-based, hourly, flat fees, and one-off invoices, or any combination thereof. It also allows for easy exclusion of accounts at the household level and setting rules for minimums and maximums.

Key Features

• Flexible Billing Models: Supports AUM-based, hourly, flat fees, one-off invoices, or combinations thereof.
• Efficient Time Management: Reduces time spent on fee calculations and data reconciliation from hours to minutes.
• Compliance and Accuracy: Ensures mistake-free, trackable billing that is always audit-ready.
• Customization: Allows exclusion of accounts at the household level and setting of minimum and maximum rules.
• Automated Invoicing: Automates invoice delivery via email or client portal with customizable branding.
• Audit Readiness: Provides detailed breakdowns of executed and unexecuted invoices by account.

Benefits

• Reduced Administrative Burden: Simplifies billing processes, saving time for advisors.
• Improved Compliance: Ensures billing is accurate and compliant, reducing the risk of errors.
• Enhanced Client Experience: Offers transparent and secure invoicing through automated delivery options.