Fee Manager™ - Comprehensive Distribution Expense Management

Fee Manager helps mitigate risk associated with the managements of distribution expense, providing greater confidence that you are paying the right amounts to distribution partners. Expception-based processing reduces cost, and the accrual process and modeling capabilities greatly improve financial forecasting. Fee Manager provides a comprehensive tool set for better governance of your distribution expenses.

Available as client installed or via SaaS model to lower costs and free IT resources.

Intgrated with Microsoft's SSRS to deliver a wide range of reporting capabilities.

Easily Apply Complex Fee Agreements - Breakpoints, tiers, caps, conditional formulas and rates, transaction aging and numerous other terms are readily applied.

Integrate Intermediary Sub Accounting & TA Omnibus Reconciliation - Automate the reconciliation between Intermediary-reported AUM amounts for aggregated sub account values and TA reported omnibus account values.

Independently Validate Intermediary Invoiced Fees - Go beyond reasonableness tests. Accurately calculate fees based on validated positions and asset values, and utilize Fee Manager's automated reconciliation functionality to highlight erroneous invoiced amounts.

Minimize Double Payment Of Fees To Multiple Parties - Fee Manager tracks TPA accounts and fee types by clearing intermediary, allowing positive identification of eligible and ineligible fee payments.

Minimize The Payment Processing Effort - Pay via CommServ settlement files where available; automatically create wire transfer instruction files or ACH instruction files when CommServ payment is not available.

Electronic Journal Entries - Electronic journal entries are created for fees, disbursements and adjustment transactions.

Data File Management & Handling - Tracking and controlling and processing the data files for a large number of Intermediaries requires a comprehensive file handling capability with process status reporting and organized file storage management and archiving.

Compliance/Audit Trail - All database tables contain user ID, date and timestamp for additions or changes. Transactions are readily available for independent audit and validation. Historical data may be viewed on-line to help detect trends of underpayment or overpayments.