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Performance-Based Asset Management Fees Resurrect

Performance-Based Asset Management Fees Resurrect

Performance-based asset management fees are being reintroduced into the investment management conversation between plan sponsors and investment managers.  Is it any wonder that we are now observing the re-emergence of performance-based asset management fees, with so much attention on ERISA Lawsuits focusing on fees paid by plan sponsors and plan fiduciaries?   At the conclusion of a Plan Sponsor University (TPSU) Fiduciary Education Program held at Washington University, TPSU Founder and CEO, Fred Barstein spoke with Cody Mendenhall, Executive Director of Pension Consultants, Inc. an Asset Manager based out of Springfield, Missouri.  Cody discusses Pension Consultants decision to base a portion of their compensation on performance-based asset management fees.  The performance-based asset management fee structure has been permitted since the 1970’s however few asset managers are making use of it.  The premise of performance-based asset management fees however not all advisors will accept clients under the arrangement.  Watch this video to learn why Pension Consultants, Inc. has made the bold decision to institute performance-based asset management fees.

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