What are the different billing styles available?

Fee Schedules

Advisors can set up as many fee schedules as they want.

They can bill:

• Flat dollar fee
• Flat percentage fee with or without a minimum annual dollar fee
• AUM breakpoints with or without a minimum annual dollar fee

The one thing advisors cannot do is charge two different fee schedules to an account (i.e. a financial planning fee AND an asset management fee).

Orion Fee Schedule Types Defined:

Flat = One rate, regardless of the household value. 

Linear = One rate that is based on the total value of the household. 

Tiered = A blend of multiple rates that is based on the total value of the household.