Calculating Admin Fees-Using Average Daily Balance or Average Trailing Quarters
With the market declining so much in the past 2 months, I am looking at how our Admin fees are calculated. We have been using the Average Daily Balance option, but since I reconcile only once a month, the system thinks the balance stays the same until the end of the next month. This has resulted in higher admin fees than I think should be charged. I am thinking that Average trailing Quarters would give a more accurate calculation?
Can you tell me which calculation you use and why?
Blue Mountain Community Foundation