FAEnroll is the record keeping and billing service of the Fiduciary Adviser Network (FAN). Employer and employee clients are tracked and invoiced to facilitate payments. FAEnroll performs three critical functions on behalf of Fiduciary Advisers:

Captures and maintains records of advisers eligible investment advice arrangements (EIAA). Captures and maintains records of employees enrolled by the fiduciary adviser under each EIAA. Creates billing and payment instructions for fiduciary adviser compensation.

Only current Certified Fiduciary Advisers may elect to use FAEnroll to maintain records and bill for compensation. FAEnroll assesses a fee based on the number of employees enrolled.

Advisers register for FAEnroll then enter each employer's EIAA. The EIAAs describe the terms of the arrangement, including fee structure, estimated number of employees to be served, billing arrangement and billing cycle.

Employees may enroll for the adviser’s services through FAEnroll. This permits the employee to register and request an appointment. Alternatively, the adviser may register employees that have enrolled outside the system.

Advisers enter compensation received.

Based on the EIAA the following is performed automatically:

Invoices with required supporting details are created and sent to the appropriate “bill to” party. Funds collected are aggregated, remitted to adviser or firm and open receivables are updated. Employer service report is issued.