Fees & Performance Fees Oversight
Check every management and performance fee with NGT Fees Analytics. Same inputs, same number, every time, with an exception opened wherever the administrator's figure differs.
Fees recomputed by a tool, explained by the agent, approved by a person.
Your data, workflows and systems, with NGT Tools on top. This morning's NAV pack has landed, every field linked to its source, and one share class sits outside its expected band.
Description
Managing and validating management and performance fees is complex due to intricate structures, regulatory scrutiny, and the need to ensure "value for money."
The Fees Oversight plugin checks management and performance fees. A Fee oversight skill picks the check and calls NGT Fees Analytics, which calculates the accrual from fetched inputs: average NAV, fee rate, days and share class. The NGT Exception Framework compares the result with the administrator's figure and opens an exception above tolerance, with the evidence attached. Same inputs, same number, every time.
The same plugin supports crystallisation checks, TER tracking and peer benchmarking, so you can show compliance and investor alignment.
Key Features
- Ingestion of NAVs, benchmarks and fee rules, with rule-based calculations for accruals and crystallisations.
- TER monitoring with detailed breakdowns, peer benchmarking and value-for-money reporting.
- Exceptions above tolerance, simulations before changes, and every input, formula and output logged and replayable.
NGT Tools it calls
- Fees
- Performance
- Sub-fund evolution
- NGT Exception Framework: Detection, Investigation, Sign-off, Audit trail
Data Objects
- Funds/Sub-Funds/Share Classes
- Share Class NAVs
- Balance Accounts
- Fees Parameters
- Fees Values
- Peers Performance and Fees
- TER calculations
Workflows
- Ingest and Update Fees Parameters
- Load and Ingest Peers Data
- Ingest and Clean FA data
- Detect Fees Anomalies
- Generate and Send Report
“Asset managers must adapt quickly to meet investors' expectations and having a reliable partner like Next Gate Tech is essential for this transition.”
Benoît Joseph
Chief Risk Officer, Trustmoore
Bring one use case.