Rate benchmarking tool for fee-based and managed account

摘要

RATE BENCHMARKING TOOL FOR FEE-BASED AND MANAGED ACCOUNTS A method of displaying an evaluation tool is provided for evaluating a proposed fee on behalf of a professional. On a first computer (280), an input is received of a product type, and at least one numerical parameter (an account asset amount, a relationship asset amount, and a breakdown of components in an asset mix) for a proposed client account. An input is also received of a proposed fee for the proposed client account. On a processor of a second computer (260), a range of nearest neighbor historical accounts is determined from comparison with a database of historical accounts (100). From this information, a display graph is generated on the first computer (280) wherein the range of fees of the nearest neighbor historical accounts is shown on the graph from lowest to highest. The proposed fee is displayed on the graph to allow the professional to evaluate the proposed fee relative to the nearest 5 neighbor historical fees. Receive acct 60 parameters & any advisor parameters Receive proposed fee 610 Nearest neighbour analysis to find similar 620 accts Ranking nearest neighbour accts 630 (lowest-highest) to determine range Display proposed fee on a bar 640 gauge and show relative position with respect to nearest neighbour fee range Allow proposed fee to be 650 changed if desired K _ FeeCheck 660 Visualizer i> FIG.6