My BillFin Story by Aaron Hattenbach

November 19, 2018 |

At prior RIA firms, we used Excel spreadsheets for calculating quarterly billing and generating invoices. But this is both time consuming and cumbersome with different fee schedules, clients joining your practice mid-quarter, prorated billing, etc. What I really like about BillFin is that once it’s all set up and you learn the user interface, you’re no longer going to waste hours in calculating client management fees and generating professional-looking invoices. Plus, it has partner level integration with both my performance reporting system, Blueleaf, and my primary custodian, TD Ameritrade.

There are so many attributes to like about BillFin:

  1. Ability to bill on client assets held with other custodians
  2. Flat, tiered, and banded AUM fees
  3. Bill in advance, in arrears, or average daily balance
  4. Easy to set up asset exclusions by household, account, asset class, and or individual securities
  5. Creates simple CSV/Excel files to upload to the custodian’s billing system
  6. Customizable, professional-looking invoices that are clear, accurate and have my company logo
  7. And last but not least, an outstanding customer service team!

 

Aaron L. Hattenbach, AIF®

Founder and Managing Member of Rapport Financial

San Francisco, CA