Module 05

Invoice Management

Management and performance fee invoices, worked out from the same AUM the rest of TAC publishes, approved by a second person and sent in your firm's own layout.

Module 05 · Invoice Management

Checks

01
Fees per client agreement

Management fees, performance fees and retrocession rebates, with the full list of holdings for the quarter attached.

02
Fee notes and adjustments

Notes and adjustments recorded against a client's fees are picked up when the fees are recalculated.

03
Second approver

The person who sends an invoice cannot also approve it. TAC blocks the approval.

04
Your firm's template

Invoices go out with your logo, your signatory and your wording.

The control

The AUM on an invoice is read from the same figure the Account Monitor shows for that date. The invoice does not calculate its own. If the two differ, the invoice is held.

Deliverables

What you receive

01

Quarterly fee invoices as PDFs, approved and recorded

02

The quarter's holdings list attached to each invoice

03

A record of who calculated, approved and sent each invoice

Who does what

TAC works out, drafts and checks each invoice.

 

Our team reviews the draft and the AUM behind it.

 

A principal approves the invoice before it goes to the client.