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FE launches Ex Ante Costs and Charges Calculator for Analytics

15 October 2018

Research and ratings provider FE has launched a new tool designed to provide advisers with a transparent view of all the pre-sale charges they must disclose to clients under the MiFID II regulation.

The FE Analytics+ Ex Ante Costs and Charges Calculator prepopulates the ex ante investment product charges for all funds in a portfolio and adds up the weighted holdings to give an overall cost, enabling adviser firms to meet the MiFID II client disclosure rules.  It includes the option to include additional charges such as adviser and platform fees.

Matthew Lawrence, COO, FE, comments: “MiFID II client disclosure requires advisers, investment platforms and DFMs to tell investors in advance how much they can expect to pay for an investment fund or service through them. They then have to confirm the actual costs every year thereafter, aggregating product costs, adviser costs and any platform charges.

“The MiFID II rules don’t really deal with the logistics of gathering the data or where these fit into the advice process. As such, advisers have been in desperate need of a service that they can rely on to supply accurate fund cost data, aggregate all costs and provide meaningful client reporting.”

The FE Analytics+ Ex Ante Costs and Charges Calculator will pre-populate the MiFID II data for all funds, portfolios and DFM portfolios that adviser firms have stored within their FE Analytics account.

In addition to numbers, the calculator offers interactive visuals to help communicate the impact of charges to clients. The graphics include total investment, charges, net growth and reduction in yield.

Advisers can access the calculator via FE Analytics, and access is included for existing users.

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