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Commission Recapture Program Audit

Evaluate, Manage and Control Trade Costs

Many plan sponsors utilize various trading programs that are intended to save their fund a significant amount of money. However, if constructed improperly or left unmonitored, these programs may incur hidden costs and introduce additional risks.

 

The Commission Recapture Program Audit monitors such programs on behalf of our clients to ensure they are compliant with fund policies and objectives, are achieving best execution, and work as intended.

 

For asset owners who don’t yet have a program, the service further provides independent expertise in conducting RFPs and constructing prudent commission recapture programs.

 

Features

  • Evaluation of each managers’ overall trade process for recapture and non- recapture program trades
  • Comparison of execution efficiency and commission rates of recapture vs. non-recapture program trades by manager and executing broker
  • Assess whether managers are making a good faith effort to comply with your fund’s program goals
  • Independent assessments from a Registered Investment Advisor along with recommendations on improving performance

 

Consultative Approach

 

Our consultants work as an extension of your staff, helping to understand and mitigate the shortcomings and inefficiencies in the trading process. With decades of experience in trade cost analysis, fiduciary monitoring and manager evaluation, Zeno AN Solutions can provide the in-depth knowledge and leading-edge technology necessary to meet your oversight needs.

 

 

 

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Commission Recapture Program Audit

Know when execution quality of recapture trades out-perform non-recapture trades

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