Wealth Management & RIA Accounting Software | HelloBooks.ai Accounting software for wealth managers and RIAs: AUM-based fee income, monthly fee recognition, custody pass-through, and trail commission receivable.
HelloBooks.ai is accounting software for wealth managers and RIAs earning AUM-based fees alongside transaction fees — not a generic services ledger asked to guess at the split after the fact. AUM-based Fee Income is recognized over time, month by month, as it's earned against assets under management, rather than booked as a lump sum. HelloBooks tracks AUM and net inflow alongside AUM-based Fee Income and Transaction Fee, so the mix is visible at a glance instead of buried in a single blended fee figure.
Custody costs get the same attention. Custodian fees are typically paid on a client's behalf and passed through, not absorbed as your own cost. HelloBooks tracks Custody Pass-through as its own account, kept separate from fee income you've actually earned, whether you operate as an LLP or a private limited company.
Trail commission is where a generic ledger falls short for this industry. Many wealth management businesses earn ongoing trail commission from fund houses on products sold, and that commission is often paid out well after it's earned. HelloBooks tracks Trail Commission Receivable separately, per fund house, so what's still outstanding stays visible instead of disappearing into a blended revenue number.
Wealth management and RIA accounting software for AUM-based fee income, custody pass-through, and trail commission receivable
Wealth Management BookkeepingBuilt for AUM fees, not a generic invoice.
See AUM and net inflow next to AUM-based fee income and transaction fee, with custody costs passed through and trail commission tracked separately.
- AUM-based Fee Income and Transaction Fee tracked as separate lines.
- AUM-based fees recognized month by month, not booked as a lump sum.
- Custody Pass-through and Trail Commission Receivable tracked as their own accounts.
Live-style mockup · AUM & fee income
A fee earned over the month, recognized over the month.
AUM-based Fee Income is earned progressively over the month as you manage the assets, not the day a mandate is signed. HelloBooks tracks that monthly recognition per mandate, alongside the AUM each fee is based on.
- AUM fee recognized monthly, tracked alongside average AUM for the period.
- Fee tracked per mandate, at that mandate's own fee rate.
- Recognition trend visible month over month, not just a single total.
Money you pass through, and money still owed to you.
Custodian fees are typically paid on a client's behalf and passed through, not absorbed as your own cost. On the other side, trail commission from fund houses is often paid out well after it's earned. HelloBooks tracks both as their own accounts, so neither gets lost in a blended number.
- Custody Pass-through tracked per custodian and per client, kept separate from fee income.
- Trail Commission Receivable tracked per fund house, with what's still outstanding.
- Both kept distinct from AUM-based Fee Income and Transaction Fee.
Wealth Management — Frequently Asked Questions
Answers to how HelloBooks fits into your wealth management business.
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