“Since we work with a wide spectrum of investment managers, we're able to develop best practices and procedures based on an enlarged scope of experience and perspective. Ultimately, it is the wisdom that comes from this experience that gives us a highly streamlined and efficient workflow."
- Rick Gagnon
If we hire Compass, do we have to signup for all their services or can we pick and choose specific services?
Compass is very flexible to meet your needs. You can use one or all of our services. No project is too small or too big.
What is your pricing policy?
An investment manager is charged based on the services they utilize.
For example: the charge for quarterly maintenance of consultant databases is an affordable flat fee based on the number of products the investment manager updates.
The cost for completing Request for Proposals (RFPs), auditing and cleaning up historical information in consultant databases is calculated on a reasonable per hour rate. You pay only for the time you use.
For new investment managers looking to populate their information into consultant and third-party databases for the first time, the same reasonable per hour rate as noted above would also apply.
For further details, please call Compass at (561) 283-1925.
How can Compass help my firm grow its assets and business?
Functions such as completing RFPs and populating information in consultant databases are critical to investment managers because they are critical to consultants and investors. It is the first step in the institutional sales cycle and the first impression that the investment manager makes on a consultant or investor.
We offer our clients our expertise after having worked specifically in these functions for many years. Because of this tenure, we have studied and implemented "best practices" and technology. We also foster collaborative relationships with consultant and database firms to learn how to better service their needs. This ultimately creates a positive reflection on the investment manager as well.
Our clients also get a team concept with contingency procedures. Some firms are vulnerable to having one person in-house completing RFPs, database updates and presentations. If that person is out sick, on vacation or leaves the firm, the investment manager is now in a quandary to fill the opening and keep new business development moving smoothly. Should someone be out sick or on vacation at Compass, there is always another team member in place to keep the process moving seamlessly.
In this day and age, consultants and institutional investors have a large fiduciary responsibility to the entities they represent. They must conduct a thorough review of the investment managers they recommend or hire. Without it they are subject to vast scrutiny and potential litigation. Hiring a firm like Compass insures that your firm is going to get data out to the market in an accurate, thorough and timely manner, thus making the process easier for the investment manager, the consultant and the prospect.