Fee Reimbursement

Instructions

You can reimburse fees to client accounts on the Invoicing page.

  1. Click Client Administration in the top left corner and select Fees and Invoicing > Fee Reimbursement.

  2. Click the Submit button in the top right corner to create a manual fee reimbursement.

    Image of the fee reimbursement panel in portal.

  3. Fill in the required information and press Continue to save.

    Image of the submit fee reimbursement panel in portal.

  4. If you are submitted an Invoicing reimbursement, select the Source of Invoice.

    • PNL (Based on Performance)

    • NLV (Based on Net Liquidation Value)

Rules for Fee Reimbursements
  • You can reimburse fees for a 12 month period.
  • 50% of the trailing 12 months of fees (net of any prior rebate) is the maximum amount that you can reimburse.
  • Multiple reimbursements cannot exceed the original 50% maximum for the trailing 12-month period. For example, if fees in a 12-month period were $12,000, you can reimburse a maximum of $6,000. In this case, if you reimburse $5,000 one week, you can only reimburse a maximum of $1,000 the following week ($5,000 + $1,000 = the maximum reimbursement of $6,000).
  • We process fee reimbursements by simultaneously debiting the master account and crediting the client account.
  • If the master account does not have sufficient funds available to satisfy the requested fee reimbursement, the request will not be processed.

 

Additional Resources