Frequently Asked Questions
Established and growing RIAs need better compensation management solutions than manually updated spreadsheets. AdvisorBOB is a compensation financial planning software for financial advisors and back-office staff that provides simplified calculations and improved visibility. Want to learn more? Our frequently asked questions may have the answers. Couldn’t find the answer? Request a demo or contact us to learn more.
Where Can I Learn More Information about AdvisorBOB?
Request a demo to experience AdvisorBOB’s features, contact us with your questions, or email info@AdvisorBOB.com.
Is My Client’s Personal Information Secure Within the AdvisorBOB System?
Yes, AdvisorBOB utilizes Microsoft Azure for hosting to keep your data secure. Microsoft Azure is one of the leaders in data security. The commercial Microsoft Azure SQL Database environment has been FedRAMP authorized since 06/21/2016.
Does AdvisorBOB Handle Compensation From Multiple Custodians?
Yes, AdvisorBOB can calculate fees from any third-party money manager or custodian. AdvisorBOB will also aggregate all your off-platform accounts and assets into one east-to-view tab.
Can I View My Associate’s Compensation Statements?
Yes, if authorized. AdvisorBOB can provide delegate access. Users can view other compensation statements and account information if they have delegate access.
Can I Track One-Off and Recurring Expenses Within the AdvisorBob System?
Yes, through our adjustment tab, we can track one-off, monthly, quarterly, semiannual, and annual debits and credits.
Does AdvisorBOB Offer a Compensation Solution for Fee-Based 401(k)s?
AdvisorBOB will display an advisor’s fee-based 401(k) compensation within fee details and all other applicable reports.
Does AdvisorBOB Allow Me to Handle Multiple Rep/Split Rep ID’s?
Yes, AdvisorBOB allows you to have an unlimited number of rep IDs. A single rep ID can also be split an unlimited number of times. However, we recommend no more than 10 advisors on a single rep ID.
As the Manager of my Firm, Can I Establish a Manager Override on my Junior Advisor’s Business?
Yes, AdvisorBOB allows managers to establish an override on junior advisors and other associates if the appropriate paperwork is filled out.
Can You Have Rep ID Splits for Solicitor Agreements?
Yes, you can establish split rep IDs for solicitor agreements.
Request a Demo to Learn More About AdvisorBOB
AdvisorBOB is the financial planning software for RIAs that will streamline your compensation processes. Hundreds of advisors currently use our software to manage their payouts and fees. Our team is constantly working on adding additional features that make our software a true one-stop shop for back-office staff and advisors alike. To learn more about how AdvisorBOB can support your firm’s growth, request a demo today.
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