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.
Checks
Management fees, performance fees and retrocession rebates, with the full list of holdings for the quarter attached.
Notes and adjustments recorded against a client's fees are picked up when the fees are recalculated.
The person who sends an invoice cannot also approve it. TAC blocks the approval.
Invoices go out with your logo, your signatory and your wording.
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.
What you receive
Quarterly fee invoices as PDFs, approved and recorded
The quarter's holdings list attached to each invoice
A record of who calculated, approved and sent each invoice
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.