Bookkeeping for Financial Advisors
Bookkeeping for
Financial Advisory Firms
AUM-Based and Fee Revenue Tracking
We account for management fees, advisory fees, and performance-based compensation correctly and consistently across your client book.
Compliance and Regulatory Ready
We maintain the financial records and supporting documentation that SEC-registered and state-registered advisors need for regulatory examinations and compliance requirements.
Clean Books for a Professional Practice
We give financial advisors the organized, accurate financial statements they need to manage their own practice -- so they can focus on managing their clients' wealth.
100+
Successful transactions completed
20+
Years of experience
$5 - 50m
Average size of transaction
$20-200m
Average market cap of clients across tech, manufacturing & services
Bookkeeping for Registered Investment Advisors and Financial Advisory Firms
What makes us different?
Financial advisory firms have bookkeeping requirements that are specific to their business model. Revenue is typically AUM-based, subscription-based, or a combination, and needs to be tracked and reconciled accurately across the client book. Regulatory requirements for SEC-registered and state-registered advisors add compliance dimensions. And the principals of financial advisory practices are focused on managing client relationships and portfolios — not their own back office.
Corviniti provides bookkeeping services to financial advisors and RIAs that need an organized, accurate finance function without the cost of a full-time bookkeeper or controller. We handle the monthly close, reconcile fee revenue, maintain the supporting documentation for regulatory compliance, and deliver the financial statements that practice management requires.
We work with independent RIAs, fee-only advisory practices, and multi-advisor firms of varying sizes. We understand the fee structures, regulatory environment, and reporting requirements that financial advisory practices navigate.
We help with:
- Advisory Fee Revenue Tracking: Track and reconcile management fees, advisory fees, and financial planning fees across your client base each period.
- AUM Reconciliation: Reconcile advisory fee calculations to custodian-reported AUM and ensure fee billings are accurate and consistent.
- Monthly Close and Financial Statements: Execute a complete monthly close and deliver accurate income statements and balance sheets for practice management.
- Expense Management: Categorize and track operating expenses correctly — including compliance costs, technology, rent, and professional fees.
- Payroll and Compensation Recording: Record advisor and staff compensation correctly, including any deferred compensation or incentive arrangements.
- Regulatory Documentation Support: Maintain the financial records and documentation that support SEC or state regulatory examinations.
- Tax Preparation Support: Maintain the financial records your tax advisors need for annual preparation and planning.
- Practice Performance Reporting: Prepare financial summaries that give practice principals a clear view of revenue, expenses, and profitability.
Our Bookkeeping Services
Monthly Bookkeeping
Maintain accurate financial records for your advisory practice with a clean monthly close that gives you a clear view of revenue and profitability.
- Fee Revenue Reconciliation: Reconcile advisory fee revenue to custodian reports and billing records each period.
- Expense Categorization: Ensure all practice expenses are coded correctly and consistently under a clear chart of accounts.
- Financial Statement Delivery: Deliver accurate monthly financial statements that give you a clear picture of practice performance.
- Regulatory Documentation: Maintain financial records in a format that supports regulatory examinations and compliance reviews.
Cleanup and Catch-Up
Organize and correct historical financial records — resolving backlogged reconciliations and establishing a clean baseline for ongoing bookkeeping.
- Fee Revenue Cleanup: Reconcile historical fee revenue to billing records and correct any discrepancies in recorded amounts.
- Expense Reclassification: Review and correct historical expense coding to ensure consistent categorization across all periods.
- Ledger Cleanup: Resolve open reconciling items and prior-period errors in the general ledger.
Financial Planning & Analysis
Translate your financial records into the practice performance analysis that helps you understand where revenue is coming from and how the practice is growing.
- Revenue Trend Analysis: Track fee revenue trends by client segment, AUM tier, or service type to understand what is driving practice growth.
- Profitability Reporting: Compare revenue and expenses to produce a clear view of practice profitability and margins.
- Cash Flow Forecasting: Build forward-looking cash models that reflect anticipated fee revenue and planned expenses.
Contact us to discuss scope and pricing for your practice.
Why Choose Us?
Big 4 expertise,
boutique agility
Corviniti provides financial advisor bookkeeping with the technical depth and professionalism that RIAs and advisory practices expect — accurate, organized, and delivered by senior professionals who understand your business.
We work with financial advisory practices of all sizes
From independent RIAs managing their back office for the first time to multi-advisor practices that need a more organized accounting function, Corviniti provides the bookkeeping support that financial advisory firms require.
- Professional Services Experience
- Tax-Preparer Ready Year-Round
- Audit and Due Diligence Ready
- Big Four Experience, Boutique Attention
- Flexible Support That Grows With You
Contact Us To
Learn More
Call: (347) 472-1115
Email: info@corviniti.com
Tell us about your advisory practice and what your current bookkeeping looks like. We will respond within 24 hours.
Learn More From
Frequently Asked Questions
We reconcile management fee calculations to custodian-reported AUM figures at each billing cycle — quarterly or monthly depending on your fee schedule. We verify that fees are calculated correctly based on the agreed fee schedule, match billed amounts to amounts received, and ensure fee revenue is recorded in the correct period in the general ledger.
Yes. We understand the regulatory environment that SEC-registered advisors operate in, including the financial record-keeping requirements that support regulatory examinations. We maintain your books in a manner that is organized and documented to support a compliance review.
Yes. We track revenue and expenses at the practice level and, where needed, by advisor or team. We manage payroll and compensation recording for multiple advisors and maintain clear records of how revenue and expenses are allocated within the practice.
Deferred compensation and incentive arrangements require specific accounting treatment depending on their structure. We analyze the terms of each arrangement and apply the correct accounting treatment, ensuring compensation expense is recorded in the right period and the liability is properly reflected on the balance sheet.
Yes. Fee-only practices have straightforward revenue structures — financial planning fees, retainer fees, or AUM-based fees — and we track each clearly. We ensure fee revenue is reconciled accurately and that the practice’s financial statements reflect its true performance.
Yes. We regularly work with foreign private issuers and companies with cross-border structures, including IFRS reporting, US GAAP reconciliations, and multi-entity consolidations for companies with domestic and international subsidiaries.
In most cases, we can begin within a few days of finalizing our agreement. Our KYC and onboarding process is straightforward and does not create unnecessary delays before the actual work starts.
