This is the final reminder of the upcoming advisory fee billing for the 4th quarter 2019, October 1st – December 31st. Fees for the client accounts we bill directly on our advisory custodians will be processed between October 2 and October 7 (inclusive) with payroll transactions posting in Xtiva on October 9. You will see the direct deposit activity to your bank account on October 11. Any outstanding debit balances will be collected against this deposit amount.
Friendly reminders related to the billing:
- Please be sure all sell orders have been placed on or before Tuesday, October 1st by market close.
- Please note that we are now tracking those accounts where there are insufficient funds to cover the fees. In the future, should there be chronic shortfalls resulting in the duplication of efforts in fee collection, we will begin to assess penalty fees in accordance with the economics package.
Please let us know if there are any other questions related to this reminder notice by emailing email@example.com.