# Automatic Billing Methods and Examples

#### Percent of Net Liquidation Value

Description: Percentage of Net Liquidation Value entered as an annualized percentage, applied on a daily basis (252 business days are applied in this calculation method).

Assumption: You specify 5% of Net Liquidation Value as an annualized percentage, and your client’s previous day ending-equity is \$100,000.

Calculation: Your advisor client fees for the given day will be: 5%*\$100,000/252=\$19.84.

#### Flat Fee

Description: Flat fee entered as an annualized amount, applied on a daily basis (apportioned by 252 days).

Assumption: You specify \$1,000 as an annual flat fee for your client.

Calculation: Your advisor client fees daily payment will be: \$1,000/252=\$3.97.

#### Percent of Annual P+L

Description: Percentage of Annual Positive P+L entered as an annualized percentage, applied on an annually basis as of 12/31.

Assumption: You specify 20% of annual positive P+L as your advisor client fees, and you made \$50,000 in P+L for your client for that year.

Calculation: Your advisor client fees would be: \$50,000*20%=\$10,000.

#### Percent of Market-to-Market P+L

Description: Percentage of Positive Market-to-Market P&L entered as a percentage, applied on a quarterly basis as of 3/31, 6/30, 9/30, and 12/31.

Assumption: As an example, if you specify 2% of Market-to-Market P+L, you made \$50,000 in P+L for the last quarter.

Calculation: Your client will be charged \$50,000*2%=\$1,000 for the quarter.