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About AdvisorBOB
What is AdvisorBOB?
AdvisorBOB is a specialized compensation management software designed for Registered Investment Advisors (RIAs). It automates the entire advisor compensation lifecycle—from handling complex payout structures and custodial data aggregation to issuing adjustments and generating detailed reports. It replaces error-prone spreadsheets with a centralized, audit-ready platform.
What problem does it solve?
RIAs often struggle to accurately calculate advisor payouts, especially with multi-custodian accounts, split rep IDs, and various fee types. AdvisorBOB consolidates these feeds, calculates each advisor's earnings with precision, and provides full audit trails for debits, credits, and overrides. This reduces errors, saves time, and ensures advisors are paid correctly.
Who is it for?
AdvisorBOB is built for growing RIAs—from emerging firms to top 100 Forbes leaders—that need a reliable, scalable way to manage compensation. It's particularly beneficial for firms with complex payout structures, multi-custodian setups, or those looking to move beyond manual spreadsheets. It is not for solo advisors or firms with extremely simple compensation plans.
Real-world use cases
A typical use case involves automating the calculation of asset-based fees, commissions, and payout percentages for hundreds of advisors, especially when split rep IDs are involved. Another is managing one-time and recurring financial planning fees, ensuring all revenue streams are tracked accurately. Trusted by firms like New Edge Advisors and Stratos Wealth Partners, AdvisorBOB manages over $180B in client assets and processes $4.1B in payments annually.
Key features
- Custodian Aggregation — Consolidate feeds from multiple custodians and rep IDs to calculate compensation from a single source of truth.
- Adjustments & Audit Trails — Issue debits, credits, and overrides with complete audit trails for compliance.
- Reporting & Analytics — Provide finance and advisors with real-time visibility into all compensation calculations and revenue streams.
- Financial Plans Management — Track one-time and recurring consulting agreements or financial plans in one place.
- Multi-Custodian Rollups — Automatically roll up data from multiple custodians for accurate payout calculations.
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SaaSpartout Score
7.4
/10
Editorial score from our review methodology — not user ratings.
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AdvisorBOB Pricing
AdvisorBOB pricing: from $50/mo per advisor.
For comparison: the median starting price in Finance & Accounting is $20/month, measured across 145 tools we track. See the full SaaS Pricing Index →
Subscription Starting at $50/month per advisor
AdvisorBOB offers transparent, fixed pricing starting at $50 per advisor per month. Custom onboarding includes a dedicated success manager, platform configuration, data upload support, compensation reconciliation, and continued team training. A one-time onboarding fee applies, and a custom quote is provided based on your firm's needs.
Free Trial
No free trial is mentioned, but you can book a demo to see how AdvisorBOB works with your comp model before committing.
Frequently asked questions
How much does AdvisorBOB cost?
AdvisorBOB pricing starts at $50 per month per advisor, with custom quotes for larger firms. A one-time onboarding fee applies, but the subscription is otherwise fixed.
Who is AdvisorBOB best for?
AdvisorBOB is best for RIAs—from growing firms to top 100 leaders—that need to automate complex compensation structures, multi-custodian payouts, and audit trails.
What are the top alternatives to AdvisorBOB?
Alternatives include AdvicePay (for fee-for-service billing, now part of the same family), and other compensation management tools like Comp, ClearComp, and Optima Technologies. AdvisorBOB is unique in its focus on multi-custodian RIA compensation.
Is there a free trial for AdvisorBOB?
The scraped context does not mention a free trial, but you can book a demo to experience the platform with no prep needed.
Does AdvisorBOB integrate with AdvicePay?
Yes, AdvisorBOB is now part of AdvicePay, and while you can use AdvisorBOB alone, integrating with AdvicePay lets you manage the entire workflow from invoice to payout.
