Lipper Fee Benchmarking Reports
Benchmarking funds contractual fee arrangements
These studies analyse the formation of specific components of the Total Expense Ratio (TER). Rather than looking at how much has been paid to fulfil these specific functions, the focus here is on the contractual fee arrangements. These reports cover the following functions: Administration, Custody, Advisory, Performance Fees and Portfolio Turnover.
Report based on confidential fee schedules not available in the public space (with the exception of ”Benchmarking Performance Fees”). These reports compile confidential fee schedules from major fund promoters.
- Detailed disclosure of confidential fee schedules
- Include both third party provider and internal pricing structures
- Disclose the complete breakdown of each participant’s fee structure.
- In depth information on types of fee structure in use in the industry.
Interactive benchmark calculator, each fee structure is modelised to enable direct comparison.
- By simply inputting the key fee drivers, the calculators will determine how much should be paid for each participant
- Calculator enables users to benchmark the cost of every possible scenario
- The algorithm will show if a specific fee structure is not adapted to a certain scenario, thereby identifying inflexible structures
- Possibility of comparing specific components of each fee structures
Competitive advantage:
- Essential information for both promoters and third party providers, whether reviewing existing fee arrangements, or negotiating new arrangements
- The results are of great and unique assistance in justifying transfer pricing arrangements to tax authorities and regulators