RIA Operational Support
Many RIAs get trapped by their own success. They have plenty of business coming in but get overwhelmed by all the routine tasks involved with managing their clients. E*TRADE Advisor Services offers a comprehensive set of services designed to simplify these tasks so you can focus on what’s important: serving your clients and being more you.
Jason Davidson, Manager of Tax Reporting
Fee Management
Cash Management
Client Statements
Online Client Access
Online Distribution
Fee Management
Administering management fees can bring your day to a standstill. To help keep you moving, we offer a range of fee management services that can take this task off your hands entirely.
Whether you need help with tracking, calculating, assessing, invoicing, collecting or delivering management fees, Liberty can automate the process. You can also customize your fee schedules to match how you want to charge: flat rate, market-based, sliding scale — whatever works best for you and your clients.
Even if you choose to calculate management fees manually, you can still take advantage of our services. Just provide your calculations and we’ll assess, invoice, collect and deliver your fees just like with our full-service option.
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Cash Management
Our technology platform, Liberty, includes a comprehensive cash management system to help you manage the outgoing cash flow needs for your accounts.
Our Cash Calendar tool lets you set up different types of standing instructions and pre-authorizations to make managing your accounts easier. For example, it can automatically track one-time withdrawal requests, systemic distributions and upcoming fee payments.
You can also use our Model Tactics system to set up cash management variations within a single investment model. That way, you can still use one easy-to-manage model for clients that want to maintain cash reserves, as well as those who want to stay fully invested.
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Client Statements
Instead of flooding your clients' inboxes with separate statements, Liberty consolidates all account information into one simple PDF summary and alerts clients when their statement is available for safe and secure retrieval from Liberty. These statements can be customized to include:
- Personal introduction
- Your company logo and look
- Charts representing the account’s asset & model allocation
- Time Weighted Return (TWR) and net gain performance metrics for a selected time period
- Consolidated reports for accounts set up as a family
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Online Client Access
With Liberty, your clients and representatives can download a wide range of account data, 24 hours a day. This includes:
- Portfolio overviews
- Current positions and pending activity
- Pie charts of account holdings, sortable by security, asset class or strategy
- Historical account snapshots
The Liberty client portal can also be customized to include your logo, branding, contact information and welcome messages.
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Online Distribution
You can provide your clients and representatives with the ability to make online distribution requests, all through Liberty. This enables representatives to make requests from any device, and you to approve them from any device — freeing up your time and speeding up the process. Of course, you always have complete control over who can request online distributions (RIAs, representatives, investors) and can make adjustments at any time.
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