What are paper checks really costing your firm?
Most RIAs and broker/dealers underestimate the operational drag of collecting planning fees by mail. Adjust the inputs below to see your firm's true annual cost — including shipping, admin labor, lost checks, and time-to-revenue.
Your firm's inputs
$28
$32/hr
12 min
5%
45 min
10 days
8%
True annual cost
$43,485
Per check
$36
Per client / yr
$435
Checks / yr
1,200
Revenue billed
$349,200
Admin hours / yr
285 hrs
% of revenue
12.45%
Cost breakdown
Overnight shipping$33,600
1,200 checks × $28
Admin processing labor$7,680
12 min/check × $32/hr
Lost checks & rework$1,440
60 checks × 45 min
Time-to-revenue (float)$765
10 day delay × 8% cost of capital