 Fees and charges analysis
How much are you being charged? Are all charges and fees being disclosed? What are you getting for this fee? Are you getting value for money? What type of charging structure would you be paying elsewhere in the market place? Is your current level of service appropriate to the fee you are being charged? Someone else with the expertise, the systems and the better service standards may charge you less. Is your manager receiving a referral fee for asset management he or she has passed on to someone else and, for which he or she is receiving a fee? Trailer fees are a good example. Is your advisor being efficient, honest and productive?
Part of the report to the client may include directions to your wealth and asset managers to clarify their charging structures and where relevant to provide more comprehensive reporting in the future. TAMRIS's knowledge of the structure, expertise, resources and business process needed to deliver wealth and asset management are key to its ability to assess the value of an organisation's fees and charges.  In a comprehensive analysis, TAMRIS would also look at total wealth management costs. For example, a portfolio manager charging you 1% a year may appear cheap, but if the additional indirect costs of managing your wealth are an additional 3% of capital a year, the asset management may not be as cost efficient as it seems. This occurs where proper investment planning has not been conducted and where the portfolio is not actually personalised to the needs and preferences of the individual. All transactions, their associated costs and penalties, related to meeting financial needs or investing surplus income and capital, are costs of wealth and asset management.
For further information on costs and value for money please see the Costs and Value for Money information on the Education section of the site. | 
