News and Updates
Performance Net Of Fees vs Gross Of Fees: Are We Doing It Right?
Panoramix™ Industry Content Series
2020—pick your poison: global pandemic, market volatility, social upheaval, wildfires, hurricanes constitutional crisis. Add heightened competition, increasing operating costs, regulatory uncertainty, reduced profitability, and a myriad of other issues. It’s no wonder the advisor needs advice.
Welcome to the seventh industry content whitepaper from Panoramix™, designed to help advisors succeed. In this installment, we combine concepts from our two core competencies – billing and performance reporting – and examine how fees should be reflected in your performance reporting.
It’s a highly regulated and litigious world, whether it be the SEC, FINRA, Global Investment Performance Standards, Regulation Best Interest, countless other compliance rules, or even clients telling us how we should do things based on an internet search. Advisors need guidance in how to account for a variety of fees in performance reporting, and this whitepaper addresses that.
Sapphire Software Services inc., a custom software and business-to-business automation company founded in 2003, developed Panoramix® for financial advisors in 2013 and completes 16 planned releases per year to the product. Sapphire brings business applications to the web, provides consulting services with the best vendors and partnerships, and offers professional development capabilities to automate business processes. Sapphire specializes in business application software development for companies in the financial services sector. Panoramix, its award-winning flagship software tool for portfolio management for financial advisors, focuses on providing multi-custodial performance reporting and client billing, with a wide-ranging additional feature set. Sapphire markets under the name Panoramix Financial. For more information on Panoramix connect with us at www.panoramixfinancial.com.
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