Enhancing Client Effectiveness

Expense Management

Controlling costs is an important fiduciary responsibility, but one which is often lost in the focus on returns. In particular, hidden fees and transaction costs often make it difficult to accurately assess the expenses a fund incurs. Our experience in negotiating fees and in understanding trading costs allows us to increase the fund sponsor's leverage in negotiating with investment managers, custodians, brokers, and other vendors.

Wurts & Associates reduces costs by:

• Designing a portfolio structure that explicitly considers expenses
• Controlling transaction costs
• Negotiating more favorable vendor fees
• Constructing performance-based fee programs where appropriate
• Managing transitions