You get a receipt for a $5 cup of coffee. Why not for $20,000 of financial advice?
Every figure here comes from numbers you typed. Receipts does not verify them.
advisory cost = portfolio value × advisory fee rate
investment expense cost = portfolio value × weighted average expense ratio
total annual cost = advisory cost + investment expense cost
This figure is calculated from the balance and fee rate you entered. Actual advisory fees are typically billed quarterly against your balance on each billing date, so what you were charged over a full year will differ. It will be higher if your balance grew and lower if it fell. Treat this as an approximation, not a statement figure. Your custodial statements or Form 1099 show what you actually paid.
Monthly divides the annual total by 12, weekly by 52, daily by 365. These are presentation translations, not separate charges.
Cost per meeting divides the annual total by the number of meetings you counted. Cost per hour divides it by the hours you estimated. An advisory fee may cover portfolio management, planning, technology, staff, compliance, trading and monitoring in addition to direct advisor time. It is a comparison tool, not a stated hourly billing rate.
Your investment expenses in reality depend on holdings, balances, timing, cash and transactions. This is an estimate based on the weighted average you entered.
Receipts does not model trading spreads, tax consequences, surrender charges, performance fees, loads, commissions, insurance costs or platform fees. If you pay any of those, ask your advisor.
Receipts does not ask you to inventory which services you used. Whether a service was delivered, and whether it was personalized or model-driven, is something your advisor can answer directly and more accurately than you can guess. Those questions appear at the end of the receipt for that reason.
Receipts does not determine whether your advisory relationship is worth its cost.
Your entries are calculated in your browser and never sent anywhere. Receipts does not require an account, makes no network requests, and contains no analytics or third-party scripts.
The web host that delivers this page records ordinary access logs when it loads — IP address, browser, timestamp — as every website does. It never sees what you type. The source code is public so you can confirm all of this yourself.