Kleinbart

Fees and Commissions

Description

Fees and commissions are extremely important in the fund industry. Yet the variety of both fees and commissions is practically unlimited. For this reason, understanding and calculating fees and commissions represent a major challenge for most fund administrators. This course describes a wide variety of fees and commissions and the ways they are calculated.

Course Content

Purpose and use of fees and commissions in the fund industry
Front-end loads (subscription fees), back-end loads (redemption fees) and “no loads”
Contingent deferred sales charges (CDSCs)
Bid/ask pricing
Performance fees, hurdle rates and high water marks
Methods of equalisation
Other types of fees
Types of commissions
Calculating trailer fees
Issues related to fees and commissions

Duration

1 day for up to 12 participants

Target Audience

Financial service professionals with at least 1 year experience in the fund industry who want to understand fees and commissions.