AI Insight Inc., a firm that focuses on alternative investment research, training and compliance documentation, has launched a new fee and compensation report to assist firms in meeting U.S. Department of Labor fiduciary rule-related obligations.
“The report is designed to help advisors understand the underlying value of alternative investment fees and compensation,” said Sherri Cooke, president and chief executive officer of AI Insight. “Advisors now can access this fee data to support their firm’s new fiduciary standards.”
The program compensation report provides access to alternative investment fee data, including upfront selling commissions, management fees, net proceeds, revenue sharing and more, along with industry rankings across 16 categories and detailed notes.
Under the new DOL rule, firms must “give prudent advice that is in the customer’s best interest, avoid misleading statements, and receive no more than reasonable compensation.” According to the company, their new report helps to specifically support this new standard, providing an overview of all fee categories per program listed on AI Insight.
Highlights of the program compensation report include:
• Detailed overview of 16 categories of compensation and fee data
• Fee categories organized by three phases of the investment’s lifecycle: offering, operational and liquidation
• Separate fee reports per share class for all programs
• Industry mean, median and range values by category, including how each feature ranks against similar programs
• Ongoing updates directly from supplements, 10Qs, 10Ks and other available sources
AI Insight noted that as the DOL releases its series of fiduciary rule-related FAQs, it will continue to enhance and add new functionality to the report.
AI Insight also has a premium reporting package available for sponsors to help them compare programs to other industry offerings based on fees, offering price and other key offering characteristics. The package includes the program compensation report, comparative reports and financial performance reporting.
AI Insight provides broker-dealers, RIAs and advisors access to a platform of alternative investment programs, including research, education, marketing and compliance support. Subscribers can research the individual investment offerings to train, track compliance activity, receive marketing support and updated performance monitoring—all via a customized platform.