Attention CTA, CPO, RIA and Friend & Family Advisors --- IB Automatic Billing System Suggestions. If you are CTA, CPO, RIA and Friend & Family Advisor, would you like IB to AUTOMATICALLY calculate your advisor fee and AUTOMATICALLY deduct it from your clientâs accounts and AUTOMATICALLY move it to your master account? Would you like to significantly reduce your back office billing work? If you do, you may want to review the following billing methods currently supported by IB. If you like please post any thoughts, suggestions and ideas you may have. ============== Based on my understand on 11/30/2007, the Billing options below are currently supported by IB: 1. Automatic Billing --- IB calculates Advisor Fees and deducts these fees from your client account automatically and sends them to Advisor as specified. A. Annualized Percentage of Net Liquidation Value applied on a daily basis (enter annual percentage) B. Annualized Flat Fee applied on a daily basis (enter annual amount) C. Percentage of Annual Positive P&L applied as of 12/31 (enter annual percentage) D. Percentage of Quarterly Positive P&L applied as of March, June, Sept, Dec (enter quarterly percentage) E. Monthly/Quarterly Invoicing --- Advisor calculates the Advisor Wrap Fees and removes the fees from client account up to a limit of ________ (enter amount) per month OR ________ (enter amount) per quarter. 2. Direct Billing --- Advisor bills client directly for fees and client pays Advisor directly (IB does not deduct the fees from client account). 3. No Fee ---- No fees are charged by Advisor for managing client account. ============== Below are my suggestions --- Per CFTC/NFA, the performance capsule of CTA must be based on MONTHLY (not quarterly or yearly), so in order to better support CTA, I have the following two suggestions to IB: A. (NEW OPTION) Percentage of MONTHLY Positive P&L applied as of January, February, March, April, May, June, July, August Sept, October, November, Dec (enter MONTHLY percentage) ------ NOTE: This option similar to option D above. But this option is based on MONTHLY per CFTC/NFA regulations. B. (NEW OPTION) Monthly/Quarterly Invoicing --- Your advisor calculates the Advisor Wrap Fees and removes the fees from your account up to a limit of ________ % (enter PERCENTAGE) per month OR ________ % (enter PERCENTAGE) per quarter. ---- NOTE: This option similar to option E above. But this option is based on % (not absolute dollars amount) so that when client account equity increase, Advisor do NOT have to ask client for permission if the advisor fee is over the previous set dollars amount. Do you feel the above new A/B options are important to support CTA? Please post what you thinks, suggestions, ideas, etc.