With a tiered fee schedule there are two options within BillFin, Blended and Unblended.

An Unblended tiered fee schedule is where the total asset value is billed based on the rate of the tier at which the total of the assets lands. When an asset value exceeds a break point then all of the assets are billed at the rate of that next tier.

-For example: With a simple tiered fee schedule with two tiers, where there is a break point at $1,000,000 and up to this point the rate is 100 BPS and after this point the rate is 75 BPS, if a client has $1,000,000 or less in total assets then they will be charged at 100 BPS. If their billable assets total more than $1,000,000, the client will be charged at 75 BPS on the total of their billable assets.

Blended rates are when the assets up to the break points are charged at the rate of their own tier and then any assets in the next tier are charged at that tier’s rate. This produces an effective rate somewhere between the tiers' rates.