FeeBuilder is a two-page, on-demand benchmarking of YOUR fees and value that can be used with both prospects and clients. Benefit from the same method that ensures that Quality, Service, Value and Extra Credit are a part of every fee conversation with FDI’s FeeBuilder report.
All of the data used in the FeeBuilder benchmark groups are sourced from the generation of FDI’s Value and Fee Benchmarking with FEEPOINT® reports. So, the fees and service are gathered directly from the service providers charging the fees and providing the services.
FDI patent #8510198 covers the 5-step process below that is fair, repeatable and an important part of a Fiduciary’s obligation to follow a prudent process for determining fee reasonableness.
Groups are built so that:
Scope evaluated to:
Value received by:
Extra Credit calculated by:
FeeBuilder is available to Advisor/Consultants, Recordkeeper’s and TPA’s for use with both clients and prospects. Ability to add a branded quality and value page.
Describe your personal Quality, Scope of Services and Value Proposition to both the Plan Sponsor and their participants using by providing your own custom content.
Prove your reasonableness by showing how the Extra Credit you provide in terms of fiduciary status, hours and meetings compares to other Service Providers servicing similar size plans.
Want to learn more? Schedule a demo to see how the FeeBuilder can help you communicate your value and reasonableness.