Admin Fee Report/Audit Support
When generating the admin fees, I would like to see the total calculation that the fee is being processed on. It shows in a description box but not in a column on it's own (nor does it show the total). Would be very helpful to make sure fees are calculating on portfolio balances accurately. This was something that FIMS included on their admin fee report, it showed both the full portfolio balance along with the fee column.
Michele McKinney
shared this idea
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Susan Lotreck
commented
Glad to see this has moved to the proposed idea status. In addition to having a column with the total calculation that the fee is being processed on. It would be great to have the blended fee rate display as well as from the grad. admin schedule.
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Courtney Clapp commented
It would be really helpful to have this data point in the audit details report, as well as within custom reporting. Having the total asset base from the calc audit column is extremely helpful for revenue projections and fee analysis, as currently we are having to manually export these out of the audit details export and it's time consuming.
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Beth Kelley
commented
Please add the 12 individual quarter balances that are used to calculate the average for Admin Fees to the Admin Fee Audit Details report. The 12 individual quarter balances are included in the Distributions Audit Details report (column O) but it would be helpful to have it in the Audit Detail reports for Admin Fees as well.