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Advisors use this page to modify the fees they charge on the current value of the amount that their clients have invested in hedge funds who participate in our Hedge Fund Capital Introduction Program (HFCIP), which is part of our Investors’ Marketplace. When you invest funds for your client at the Hedge Fund Investor Site (available at the Marketplace), you will be able to enter the fees that you charge for that investment on the form that your client must approve and sign.
For each client who invests in a participating hedge fund, you can charge fees based on the Annualized Percentage of Net Liquidation Value of the current value of the client's investment in the Fund and/or the percentage of profit and loss of the client's investment in the Fund, as well as configure the fee posting frequency (monthly or quarterly). After you complete your entries on the page, you will be presented with a PDF form that your client must sign.
Fees entered for the first time in the middle of a period will be calculated and applied as of the date the fee agreement is approved and entered into the system. Fees changed during a period will take effect as of the beginning of the next monthly or quarterly period. If you change the frequency from monthly to quarterly, the change will take effect as of the next calendar quarter. If you change the frequency from quarterly to monthly, the change will take effect after the end of the current calendar quarter.
Hedge funds may offer advisor clients who invest in their funds a discount on the hedge fund’s standard management fee. Check the Hedge Fund's listing at the Hedge Fund Investor Site or contact the Fund directly to see if they offer such a discount.
You can access this page if you are a(n):
To configure HFCIP fees for a client account