The Use of a “Hybrid” Formula in Apportionment
Presented by Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Background Charles Brandes founded BIP in 1974 to provide investment advisory services for fees based on the percentage of the company’s clients’ assets under management. When Charles and Linda met in 1983, BIP managed assets of $8.2 million. His annual income was $44,148. Linda agreed…