The service will support asset managers with rebate, trailer fee, platform fee and other sales commissions during the reconciliation, calculations processes and reduce administrative burden around distribution agreements and counterparty due diligence, the firm said in a statement.

During the past six months, FE fundinfo has partnered with a variety of asset managers to develop this service within a pilot project in order to obtain a good understanding of the business requirements from several asset managers with different fund ranges, distribution jurisdictions and specific operation processes.

As a result, FE fundinfo has been able to refine the value proposition and develop a modular and customisable fee and distribution channel management service which will support asset managers by providing operational efficiency at a lower cost through economies of scale.

The new Fee and Distribution Channel management will become another arm of FE fundinfo’s Fund Information Hub. Through the acquisition of Adjuto, FE Fundinfo has the systems in place to support asset managers with many of their middle-office admin burdens through an end-to-end solution which provides strong fund distribution oversight at lower cost due to standardisation, digitalisation and automation.

FE fundinfo says that its service will increase transparency and compliance with regulatory requirements while saving asset managers’ time and resources through support functions provided by a dedicated team of experts.