Fee reviews, benchmarking and negotiation

bfinance provides detailed value-for-money assessments of the fees that our clients pay to external managers across all asset classes and geographies. Actionable insights are delivered through detailed, customized analysis. All fee review engagements are designed to support client-specific goals.

total savings delivered on all strategies reviewed
fee data points, from 4000+ managers

Delivering savings for investors

Asset owners need clear, robust insights on fees in order to support a range of important objectives. These may include identifying potential savings, renegotiating management fees with providers, demonstrating overall 'value for money' and even strategic reorientation.

Since 2012, bfinance has been delivering outcome-oriented fee benchmarking to clients, leveraging the firm’s extensive proprietary data gathered through manager research and selection. In-depth evaluation of asset manager fees, value-for-money assessments and Transaction Cost Analysis provide opportunities to generate significant savings.

Fee Reviews

What’s different about bfinance fee reviews?

Managers’ fees are compared against relevant peer groups, rather than generic sector lists, based on the investor-specific criteria and objectives. Performance decomposition provides an additional lens to assess ‘value for money’.

bfinance’s Proprietary Investment Management Platform (40,000+ fee data points, 4000+ managers, 240+ sub asset classes) gives investors the data advantage. We use fees obtained from managers through a competitive tender process for live mandates for comparison, not generic survey data.

Senior asset class specialists bring sector-specific insight and extensive experience with fee negotiation in their markets. Transaction Cost Analysis (TCA) provides an additional lens to understand value for money.

Latest case studies

The client, an Australian pension scheme, was under mounting pressure from the Australian...

This UK pension scheme was seeking to benchmark the fees being paid to more than a dozen managers...

A UK foundation aimed to identify a core multi-manager hedge fund product, targeting cash plus...

This client, a Dutch private pension scheme, asked bfinance to partner with its in-house...

Latest insights from the team

Key service features


  • Access to live manager fee proposal data
  • Database of comparable funds
  • Comparisons vs tailored manager peer groups


  • Asset class insight on managers and peers
  • Performance breakdown into underlying factors
  • Fee tiering and market analysis


  • Tried and tested process of manager engagement and project management
  • Proven track record of securing improved fees
Meet the team

Portfolio solutions

Duncan Higgs

Duncan Higgs

Managing Director, Head of Portfolio Solutions

Ruben Mutsaers

Ruben Mutsaers

Director, Portfolio Solutions

Geraint Morgan

Geraint Morgan

Director, Portfolio Monitoring

How can we help you?

Connect with one of our investment team today and let us know how we can help.