This report outlines the fees assessed from client account(s). If clients have questions regarding how much they've been charged you can run this report for a given time period and it will consolidate the fees to a single page report.
What is included in the number you are looking at? (calculations, source, etc.)
Any management or advisory fees that are posted to the account at the custodian.
Why have we chosen to include and/or calculate the number the way we do?
We look to match the record at the custodian because for some advisory firms there may be sub advisory or money manager fees that are not calculated on Atlas.
How can this report be used in a client review to help boost your clients' confidence, increase transparency, and answer questions?
This allows for more transparency between advisor and client. This also gives you the advisor a consolidated record to monitor outside fees that you may not be directly charging your clients.