Billing Update

2020 & 2021 Quarterly Fee Payout Schedule

To assist you with your budgeting and cash flow planning, we wanted to provide you with the quarterly fee payout schedules for both 2020 and 2021. While we strive to process the quarterly fee billing payout on the 2nd Friday of the month of the quarterly billing, there are times where the calendar compels us to move these payouts to the 3rd Friday of the month. We require a minimum of three business days during the first week of the month when a quarterly billing occurs to receive the updated information needed to generate the fees, pull the fees from the relevant client accounts, accumulate and transfer the funds from the custodians and to undertake the necessary bank processing and reconciliations to meet the external bank processing deadlines. This is also based on our overall policy to pay out fees and commission on the Friday following when the funds received (by 5:00 p.m. EST.)  Below are the payout dates are as follows:

2020
January (Quarterly)
February
March
April (Quarterly)
May
June
July (Quarterly)
August
September
October (Quarterly)
November
December
Pay Date
01/17/20
02/14/20
03/13/20
04/10/20
05/15/20
06/12/20
07/17/20
08/14/20
09/11/20
10/16/20
11/13/20
12/11/20
2021
January (Quarterly)
February
March
April (Quarterly)
May
June
July (Quarterly)
August
September
October (Quarterly)
November
December
Pay Date
01/15/21
02/12/21
03/12/21
04/16/21
05/14/21
06/11/21
07/16/21
08/13/21
09/10/21
10/15/21
11/12/21
12/10/21

We hope that this information is helpful to you. Please let us know if there are any other questions related to this notice by emailing billing@regalfin.com.

Thank you for your business and affiliation.

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