Investment fees and expenses are among the the easiest factors to objectively benchmark. Unlike portfolio characteristics, fees tend to be stable over time; unlike manager traits, they are not subject to marketing spin. The challenge is to identify all of the hidden sources of revenue buried in “bundled” recordkeeping relationships, revenue-sharing arrangements, fixed-rate products, and other sources of value for vendors.
With many years of industry experience, we know exactly where the fees are. Not only will we identify and quantify them, we will provide an objective, third-party opinion as to the reasonableness of fees paid in relationship to the value of services received.
- Better net investment results through reduced fees
- Lower funding and operational cost, by making sure recaptured fees are put to use for benefit of the investor
- Documented compliance with fiduciary requirements to perform ongoing due diligence
Investment Fee Documentation
Identification of all direct and indirect fees attributable to your investment program. Complete documentation using the Department of Labor’s Fee Disclosure Form, and objective benchmarking against competitive market standards.
Revenue Recapture Negotiation
Leadership in negotiating fee reductions, service enhancements, or revenue recapture facilities with your investment managers, recordkeepers, or trustees.