Fi360 Releases Fee Benchmarker Update

The benchmarking tool is now fully integrated with Fi360’s Fiduciary Focus Toolkit, which automates workflow and oversight to ensure fiduciary best practices.  

Fi360, provider of fiduciary-related education and technology for the retirement advisory industry, has released an updated version of its Fee Benchmarker solution.

With the update, Fi360 suggests advisers will gain more flexibility and the ability to run customized reports. Additionally, for the first time, the tool is also fully integrated with Fi360’s Fiduciary Focus Toolkit.

As Fi360 explains, retirement plan advisers use Fee Benchmarker to compare and justify fees and services relative to other advisers, based on plan size and services offered, which is a key component of sound fiduciary and business development processes, as detailed in Fi360’s Prudent Practices program.

The tool allows advisers to generate a plan sponsor-ready and data-driven report. Advisors can also add commentary to supplement the report, which has an updated interface and PDF report layout.

The Fee Benchmarker tool was originally launched by Ann Schleck & Co. in 2009 and is now fully integrated into the Fi360 technology platform. Fee Benchmarker is available to institutions and individuals as a stand-alone solution or bundled with the Fiduciary Focus Toolkit enabling advisers to win and retain more business.

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