AdvisorBOB is an all-encompassing financial advisor compensation software for RIA back office staff and advisors. It provides customizable and individualized compensation calculations as well as advanced reporting capabilities. Back-office administrators can say goodbye to time-consuming and inaccurate spreadsheets. Advisors can say hello to more visibility into their compensation across revenue streams. AdvisorBOB is the modern, streamlined approach by financial advisors for financial advisors.
For the RIA Back Office
Our product allows Registered Investment Advisors (RIA’s) to move away from legacy products and custodians for compensation purposes. We provide administrators with a streamlined, accurate, and easy-to-use compensation solution that is scalable with their business.
For the Advisor
We provide advisors with a one-stop-shop compensation portal with line item-level detail on all their revenue streams. We work to have the transparency and accessibility of the software allow advisors to circumvent the advisory fee headaches and focus on what really matters – their clients.
AdvisorBOB was founded when an executive at an existing Registered Investment Advisor got frustrated with calculating compensation fees in spreadsheets. The process was tedious, inaccurate, and unprofessional for an otherwise established RIA. The spreadsheet calculations were so time-consuming that they inhibited growth, especially for rapidly growing firms.
Advisor Book Of Business, known as AdvisorBOB, became the modern solution for RIA compensation models. We aimed to go beyond traditional billing software for financial advisors to provide full compensation visibility. Automated calculations and customizable solutions opened doors for RIAs to grow with accurate compensation they could count on.
Over time, AdvisorBOB has added more features and capabilities based on feedback from our users. We value our clients’ feedback and want to continue improving our product to enable their success. We’re committed to expanding our software development to become a full one-stop shop for RIA back offices.
Our Leadership Team
The team at AdvisorBOB is passionate about the FinTech space and serving our clients with evolving solutions that keep up with industry growth. We support our vision with experience and determination.
With over 300 split rep IDs at our firm, reconciling every advisor’s amount earned for each account line-by-line was a time consuming process. AdvisorBOB calculates all of our advisor’s shared account commission, asset based fees, and RIA payout percentages with the click of a button so we can pay each advisor the correct amount every time.
I am so glad to be using your product. AdvisorBOB is a lifesaver.
We wanted to build an asset management arm for our advisors to utilize but struggle to partner with a company that could handle this setup. AdvisorBOB was able to calculate the proper program fee for billing our client accounts and pay each of our advisors.
Optimize Compensation Operations with AdvisorBOB
Registered Investment Advisors, especially those who are growing, need a solution more efficient than spreadsheets and existing RIA billing software for their financial advisor compensation models. Spending tedious time calculating compensation in spreadsheets consumes resources and causes the risk of mistakes or security breaches. Plus, that process is impossible for rapidly growing firms. For an optimized, automated solution to financial advisor compensation, turn to AdvisorBOB. Our software is the solution you need for automated and customized compensation, insightful reporting, and top-notch security. Request a demo to see our solutions for yourself.
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