Fee standardization continues to be an elusive goal of the outsourced chief investment officer (OCIO) industry. Fiduciaries seeking outsourced investment services continue to endure the often-confusing challenge of evaluating OCIO providers based on varied and inconsistent fee proposals. One provider’s total fee may include everything (e.g., strategic advice, manager fees, manager change fees, trust and/or custody, travel for your client service team, reporting, etc.), while another provider’s total fee may only include some of those items, and additional expenses are then charged piecemeal throughout the year.
It’s important to understand the total cost of outsourcing your portfolio, so we’ve created a list of questions to help you fully understand what’s included (and what isn’t) in an OCIO solution.