How is high water marking set up and calculated for managed accounts?

Advisors who select Percent of P&L as the basis of their client fees can apply High Water Marking to the billing period client fees to offset periods of losses in a volatile market. Advisors cannot charge a profit-based fee as long as a cumulative loss exists. You set up High Water Marking on the Client Fees > Configure page when you select Percentage of P&L as the client fee method.

Exposure fee calculation reports

Are advisor fees calculated automatically?

Can I set a maximum daily loss for my account?

Can I charge advisor fees in advance?

Do I get real-time P&L without a market data subscription?