18 May 2026
Fee pages that age badly inside application packs
Superseded fee schedules left in wealth management applications create awkward signing moments — and awkward audits.
Fee exhibits multiply. A wealth management application folder may contain last year’s schedule, a marked-up draft, and the “final” page the client is meant to sign. Without a consistency check, all three can travel to the signing room.
Signs of trouble
- Two different custody minimums in the same PDF merge
- A performance-fee appendix still attached after a move to flat advisory fees
- Initials on a page that the cover letter says was withdrawn
During audit
We map each fee line to the mandate’s service description. If the mandate no longer mentions performance fees, a leftover appendix is a finding — even if nobody intends to charge them.
Small discipline
Keep a one-page fee index at the front of the pack listing the live exhibits only. Auditors and clients both thank you.