Performance Net Of Fees vs Gross Of Fees: Are We Doing It Right?
To bundle or not to bundle. That is the question
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.
About Panoramix
Developed in 2013 by Sapphire Software Services, Inc., Panoramix provides portfolio management and reporting software for RIAs and financial advisors. Specializing in billing and performance reporting, the Panoramix platform is multi-custodial and, with its wide array of partners and integrations, is flexible enough to integrate seamlessly into an existing tech stack, while still being robust enough to stand on its own. Panoramix is industry-recognized as a Kitces’ Best Value (2023) and a top performer on the T3 Inside Information Survey eight years running (2019–2026). For more, see www.panoramixfinancial.com.
