Management fee spreads - overrides

After a management fee table has been created in Fusion (please refer to the article here with instructions on how to do this), management fee spreads can be created either against the investment category or against a specific investor, in order to either increase or decrease the rates charged to specific investors. Management fee spreads created against investment category affect all investors under that investment category.

The steps below explain how to capture management fee spreads against an investment category but the process is the same when trying to capture against an investor.

1. Navigate  to Configuration > Setup:

2. Select the Investment Category option under Customers:

3. Locate the relevant investment category in the list and click on it.

4. The list of existing management fee spreads can be found in the tab at the bottom of the page.

5. To create a new management fee spread, select the  Actions Panel hamburger menu  > Functions > Add Management Fee Spread:

6. Enter the Effective Date (which is the date when the spread will be applied from) which can be a future or current date. If the current date is selected, the rule will be activated and take immediate effect. Select the credit rating table the management fee spread applies to.

8. Click on the  button to save the management fee spread. Once saved you will need to create the actual spread rates. 

9. Click on the management fee spread tab at the bottom of the investment category and click on the item in the list

10. To create a fee spread, select the  Actions Panel hamburger menu  > Functions > Add Spread Per Credit Rating:

11. Enter the spread details

Management Fee Spread: the spread can be a positive value which will result in investors being charged a greater management fee. supplying a negative spread will result in investors being charged a lesser fee.

12. Click on the  button to save the management fee spread.

Management fee spreads can also be created against investors. The exact same process as above is followed except you will need to navigate to a specific investor to create the management fee spreads.

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