Average Daily Balance for Distribution Calculation
Please update the options for the distribution calculation to include average daily balance. It already is an option for revenue share and admin fees, so I am hoping that it wouldn't be difficult to add it to the distribution process as well. We have had to re-write our distribution policy and received quite a bit of feedback from board members that it was a step backwards to go from average daily balance to quarter balances.
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Brittaney Reep commented
Yes please! This is also our policy which may require revision. We would like to be able to calculate our fees and distributions off the same base which currently isn't possible. It appears the system if capable of calculating the average daily balance as it is used for fees.