Theya for Advisors allows financial advisors, RIAs, and wealth managers to bill clients for bitcoin custody support with flexible fee structures and automated invoicing.
1. Understanding Theya’s billing model
Advisors can choose between:
AUM-based fees – Calculated using a weighted UTXO method.
Flat fees – Fixed costs for predictable billing.
Theya’s invoicing system ensures transparency while automating fee collection.
2. Adjusting fees in the Theya Advisor Dashboard
Navigate to Invoices in the dashboard.
Adjust the default AUM fee rate for all clients.
Switch to a flat fee model if preferred.
3. How Theya computes AUM-based fees
Bitcoin balances fluctuate as UTXOs are spent and received. Theya calculates fees based on a time-weighted average of UTXO holdings during the quarter.
Step-by-step calculation
Track UTXO activity – Monitors how long each UTXO remains unspent.
Determine weighted holdings – Uses duration-based averaging rather than a single balance snapshot.
Compute quarterly fees – Applies the advisor’s AUM fee rate to the weighted AUM.
Formula:
Fee = (∑(UTXO balance × time held))× AUM fee rate
This ensures fair billing, preventing overcharges when clients move bitcoin in and out of their vaults.
4. Theya’s automated invoicing system
Invoices are generated automatically at the end of each quarter.
Advisors can review invoices in the dashboard before they are sent.
Clients receive a detailed breakdown of fees.
Payments are made via on-chain bitcoin transactions.
Flat fee users receive invoices at the agreed-upon rate without UTXO calculations.
5. Best practices for advisor billing
Choose the right fee model – AUM-based fees suit long-term clients; flat fees work for fixed services.
Communicate billing details – Ensure clients understand UTXO-based AUM calculations.
Review invoices quarterly – Verify accuracy before sending.
💼 Get started with Theya for Advisors
Offer bitcoin self-custody at scale—without custody risks or compliance headaches. Book a call to integrate Theya into your advisory practice.