Quarterly Billing Reminder

This is a 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 1 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. Otherwise you will need to immediately provide a check or credit card to settle your existing balances.

A few friendly reminders related to the billing:

  • Please be sure that all of your sell orders have been placed by close of market on 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.
  • If you are aware that a client has moved please ensure that the client’s address has been updated as accounts restricted for returned mail will also fail to bill.
  • Third party managed accounts will pay out as fees and fee accounting data from the third party are received by Regal, per our normal weekly payroll cycle.

If there are any special circumstances for this fee billing please be sure to notify Alex Hossink (ahossink@regalfin.com) or Mark Wabeke (mwabeke@regalfin.com) prior to September 26th.

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