02 — Capability · BC-1760.50
Client Reporting & Performance
Show each client how their investments performed, what they cost and why, clearly and on time, and bill the fees they agreed. Management reporting for the enterprise itself sits in Financial Planning & Analysis.
- Client Reporting
- Investment Reporting
- Performance and Attribution
In scope
- Return calculation, benchmarking and attribution
- Client statements, valuations and review packs
- Advisory and management fee billing, cost basis and tax reporting
- Disclosure of costs and charges
Out of scope
- Management reporting for the enterprise (see BC-220.30)
- Generic customer invoicing (see BC-250.10)
- Balance and transaction reporting on business deposit accounts (see BC-1710.50)
Realized by · 0
- No product in the catalog yet.
Used in · 1
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 6
- BC-1760.50.10Investment Return MeasurementCalculate time- and money-weighted returns for accounts and composites and compare them with their benchmarks.
- BC-1760.50.20Return Attribution AnalysisExplain where returns came from, such as allocation, selection or currency, so clients and managers see which decisions added value.
- BC-1760.50.30Client Statement ProductionProduce periodic statements, valuations and review packs for each client in the format and channel they chose.
- BC-1760.50.40Advisory Fee BillingCalculate management, advisory and performance fees on AUM or returns as agreed and collect them from client accounts.
- BC-1760.50.50Investment Cost DisclosureTell clients before and after they invest what the products and services cost them in money and in effect on return.
- BC-1760.50.60Cost Basis & Tax ReportingKeep tax lots and cost basis for every holding, calculate realized gains and income, and deliver the year-end tax packs and statements clients and tax authorities need. Corporate tax for the firm itself sits in Tax.