DISCERNING FORM AND STRUCTURE WITHIN INTERMEDIARY FEES

Intermediary fees have been the subject of intense industry and regulatory scrutiny for several years, including SEC reviews around ‘Distribution in Guise’ and 2016 Department of Labor rules (which are still in flux) governing fiduciary obligations by brokers/RIAs.  This white paper examines how we structure our comparison of Intermediary Fees and considers how these fees are changing over time.  Learn more ➤

The Changing Face of Securities Lending

While securities lending has slowly been making a comeback since the 2007-8 turndown, the opportunities in the marketplace have shifted. This white paper leverages Barrington's extensive experience in the securities lending arena to examine recent changes and how firms might consider entering (or re-entering) this altered landscape.  Learn more ➤

Best Practices in Public Transfer Agency Cost Reporting

US mutual fund companies are not required to report transfer agency costs in a specific format or structure, other than breaking out any category with 5% or more of expenses; consequently, there may be differences between a fund firm’s internally generated expense data and the data reported by third parties.  However, many fund companies report their costs so that the costs will be picked up correctly.  This white paper, based on recent Barrington research, examines how 24 firms manage this issue.  Learn more ➤

Benchmarking Canadian Mutual Fund Audit Fees

 Barrington pioneered the benchmarking of audit fees for investment firms; we recently conducted the first-ever such survey for the Canadian mutual fund industry.  Fund companies and the Audit Committees of Boards of Trustees particularly recognize the worth of such benchmarking in comparing their audit costs to the industry.   This white paper discusses our recent research, which covered approximately 75% of mutual fund assets under management in Canada.  Learn more ➤

SHARED EXPERIENCES FROM THE FUND ACCOUNTING SYSTEM FAILURE OF 2015

In August 2015, a well-established fund accounting system experienced a cascading series of technical problems that a key investment manager was unable to strike a NAV over multiple days for many of their funds.  This white paper explores the experiences of individuals who went through that event, and the thoughts of others who had already been planning for just such a contingency.  Learn more ➤

BOARDS AND FUND COMPANIES FOCUS ON INTERMEDIARY OVERSIGHT

As the magnitude of intermediary fees payments has escalated, fund companies and boards are increasingly focusing on intermediary distribution, relationships and outlays, and on developing formal oversight programs. This white paper describes Barrington Partners' pioneering benchmarking research of intermediary oversight programs. Learn more ➤