Billable balances can be adjusted based on the assets under advisement. There are two types of adjustments: exclusions (more common) and inclusions (less common). Exclusions allow you exclude assets from billable fees, while defining an inclusion will apply fees for only those assets explicitly included. 

Note: Adjustments can be applied firm-wide, or for a particular subset of accounts.

To create an adjustment, first navigate to Asset Adjustments from the Billing Settings page.

Click Create Adjustment in the upper right corner of the asset adjustments page.

You'll be prompted to type a name for the adjustment. We suggest naming to easily track whether it is an exclusion or inclusion, what it adjusts, and the scope of the adjustment.

Use the dropdown next to Scope to define whether this adjustment is firm wide or for specific accounts. If you select Account, you'll be prompted to add those accounts. Use the search tool to select the accounts that are subject to this adjustment.

Use the dropdown to define whether this adjustment is an exclusion or inclusion.

Scroll down to define the securities included in this adjustment. Use the search tool to select securities. If creating an adjustment on Cash, use the button in the top right that says Add Cash (USD). You can add and remove securities and cash in the adjustment in this view.

Once all securities are added, scroll back to top and click Save Asset Adjustment.