Do any of the RIA firms here send a quarterly billing statement showing how much was billed from their client accounts (separate from the custodian statement). I know some firms do that but I'm not sure it's required. My clients know they're being billed, but it's like real estate taxes. I escrow for them with my mortgage payment and don't really care until I get my assessment in the mail. If someone could let me know of direct me somewhere for some concrete information, I would appreciate it. Thanks guys and girls.