Unfortunately, the money balances has nothing to do with the billing account — unless the billing account is the same as the account number.
Instead, the Money Balances column is the total in all money markets of the account listed in the “Account Number” column. If the account listed is a group, then the money balance is the total cash of all accounts in the group.
|Portfolio Description||Account Number||Account Type||Fee Amount||Billing Account||Money Balances|
|Banner, Bruce||100-123456||IRA Rollover||41.00||100-123456||26.05|
|Howlett, James “Logan”||G1011||All Accounts||5,498.00||501-234567||75,176.42|
The two Bruce Banner listings are individual accounts. The money balance listed is the total cash in the account listed in the Account Number column.
The James “Logan” Howlett listing is a group. The money balance listed is the total of all the cash held by the group.
The Money Balances column is most useful when you allocate your fees to every account in the group.