In early 2024, FE fundinfo will launch their new fee and distribution channel management service.
The service is designed to support asset managers with rebate, trailer fee, platform fee and calculation processes. It will also help to reduce the burden of administration in distribution agreements and counterparty due diligence.
FE fundinfo worked with numerous asset managers to develop the service. The company used feedback sessions to enhance the value proposition and develop a modular and customisable fee and a distribution channel management service, which will provide operational efficiency at a lower cost through economies of scale.
FE fundinfo says that the new service will increase transparency and allow for greater compliance with regulatory requirements.
Marina Corghenci, director of fee and distribution channel management at FE fundinfo, says: “With the increasing regulations and complexity of distribution channels consisting of various counterparties and intermediaries, keeping track of agreements, calculating accurate rebate amounts, and ensuring compliance with the regulations has become challenging.
“The manual nature of the processes and disparate systems used for fee management further exacerbates the complexity, leading to inefficiencies, manual processes and operational errors.”
Steffen Ahlers, director of fee and distribution channel management at FE fundinfo, adds: “Our fee and distribution channel management service addresses these problems head-on. By eliminating manual work and providing a unified platform. Our service simplifies the process, saves time, reduces errors, and enhances overall efficiency for asset managers.”
