As part of our fee benchmarking services, we thoroughly review your service providers’ fees, benchmark your fee schedule against your competitors, and ensure that your subsequent commercial arrangements are competitive.
We enable you to prove to the board, regulators, and third-party clients that you have a proven independent due diligence process in place to monitor and improve the cost of services received.
Methodology, approach, and outcome
In the course of normal business, we regularly carry out fee benchmarking assignments for our clients. The data your fee schedule is compared against is current and live, representing clients who are actively managing their service provider costs.
Our extensive database of fee schedules enables us to create a tailored comparison group, meaning that your existing service provider fee schedule is measured against clients of similar AUM and structure. A standard data template allows you to provide us with data from recent invoices. Our clients have seen significant savings as a result of the analysis produced.
Scope of fee benchmarking review
Virtually all facets of your service provider(s) fee schedule can be included in the review, typically involving:
- Core custody fees
- Fund accounting fees
- Depositary / Trustee / Fiduciary fees
- Transfer agency fees
Detailed summaries or analyses are provided as standard for each area. Our aim is to highlight areas that are out of line with market pricing and areas that offer potential cost savings. We will work with you to support or lead any discussions with your provider on the back of our analysis.
