FE fundinfo, a global provider of fund information, technology and services, is launching a fee and distribution channel management service in early 2024.
This innovative service is designed to aid asset managers in managing various fees such as rebates, trailer fees, platform fees and sales commissions.
It aims to streamline the reconciliation and calculation processes, reducing administrative tasks related to distribution agreements and counterparty due diligence.
Developed in collaboration with multiple asset managers, the service focuses on operational efficiency, cost reduction and compliance with regulatory standards.
It will become part of FE fundinfo’s Fund Information Hub, enhancing fund distribution oversight through standardisation, digitalisation and automation.
This new service promises to provide transparency and save resources, supported by a team of experts.
Marina Corghenci, director, fee & distribution channel management, FE fundinfo, said, “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.”
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