AdvisorBOB
Simplified advisor compensation software for RIAs
What is AdvisorBOB? Complete Overview
AdvisorBOB is a comprehensive financial advisor compensation software designed specifically for Registered Investment Advisors (RIAs). It simplifies the complex process of advisor compensation, streamlines payouts, and helps firms manage their business with confidence. The platform handles all aspects of RIA compensation processes in one place, including custodial billing, adjustments, reporting, financial plans, and fee details. Trusted by growing RIAs across the industry, from emerging firms to Forbes Top 100 leaders, AdvisorBOB manages $180B in client assets, has processed $4.1B in payments to advisors, and supports 6,000 advisors with 10,000 rep IDs on its platform.
AdvisorBOB Interface & Screenshots
AdvisorBOB Official screenshot of the tool interface
What Can AdvisorBOB Do? Key Features
Advisor Compensation
Centralizes all aspects of Registered Investment Advisors' compensation processes in one platform, eliminating the need for multiple systems.
Custodial Billing
Aggregates and bills all advisor custodial data in one location, simplifying what is typically a complex multi-custodian process.
Adjustments
Allows firms to issue debits and credits on flexible schedules (one-time, monthly, quarterly, semi-annual, annual) with ease.
Reporting
Generates comprehensive book of business reports for both advisors and firms, providing valuable insights into compensation structures.
Financial Plans
Tracks all consulting agreements and financial plans, whether one-time or recurring, ensuring accurate compensation calculations.
Fee Details
Provides line-item level detail of all advisor revenue streams aggregated in one location for complete transparency.
Best AdvisorBOB Use Cases & Applications
Multi-custodian RIA Firm
A firm managing assets across multiple custodians uses AdvisorBOB to aggregate all compensation data in one place, eliminating manual reconciliation processes.
Growing Firm with Complex Payouts
A rapidly expanding RIA implements AdvisorBOB to handle increasingly complex payout structures as they add more advisors and compensation tiers.
New RIA Startup
A newly established RIA uses AdvisorBOB from day one to establish scalable compensation processes as they grow their advisor team.
Asset Management Arm Implementation
An existing RIA launches an asset management division using AdvisorBOB to calculate program fees and properly compensate advisors.
How to Use AdvisorBOB: Step-by-Step Guide
Request a demo through the website to see how AdvisorBOB can streamline your compensation processes.
Integrate your firm's data with AdvisorBOB's platform to centralize all compensation-related information.
Configure your specific compensation structures and payout schedules within the system.
Let AdvisorBOB automatically calculate advisor payouts based on your configured rules and revenue streams.
Review reports and payout details before finalizing compensation distributions.
Process payouts with confidence, knowing all calculations are accurate and compliant.
AdvisorBOB Pros and Cons: Honest Review
Pros
Considerations
Is AdvisorBOB Worth It? FAQ & Reviews
AdvisorBOB serves RIAs of all sizes, from emerging firms to Forbes Top 100 leaders, particularly those needing to simplify complex compensation structures.
The platform aggregates and bills all custodial data in one location, eliminating the need to reconcile across multiple custodial platforms.
Yes, the platform can calculate shared account commissions, asset-based fees, and RIA payout percentages automatically.
The system generates comprehensive book of business reports for both advisors and firms with line-item level detail.
Yes, AdvisorBOB has joined AdvicePay to provide end-to-end workflow management from invoice to payout.