Fee Benchmarking
Percentile advisory fees vs comparable peers
Benchmark a firm’s effective advisory fees (at 1M/5M/10M AUM) against comparable peers from extracted Form ADV fee schedules. Negotiable, range-based and undisclosed-fee firms are excluded from percentiles, and coverage is shown for every scope.
The Problem This Solves
✦ You'll have Fee Benchmarking in one place: percentile advisory fees vs comparable peers.
Tool Details
How It Works
Computes percentile effective advisory fees (median, P25/P75, P10/P90) at 1M, 5M and 10M AUM portfolio sizes from fee schedules extracted out of SEC Form ADV Part 2A brochures. A firm contributes to a percentile only if its effective fee is comparable — present, not negotiable, and not a disclosed-range structure; non-comparable firms are reported under coverage rather than silently dropped. Scope defaults to national (the largest comparable population); regional (state/metro + AUM band) and single-firm (by CRD, vs ½×–2× same-state AUM peers) scopes are available. Where the comparable population in a scope falls below the credibility threshold, the tool shows an explicit insufficient-data state instead of a percentile.
Data Sources
- •SEC Form ADV Part 2A fee schedules — structured extraction (BrochureIntelligence)
- •Effective fee computed at 1M / 5M / 10M AUM via marginal tiering
- •Coverage accounting: in-scope, with-data, and excluded (negotiable/range/undisclosed)
Audit Parameters
- •Source: SEC Form ADV Part 2A
- •Excluded from percentiles: negotiable / RANGE / undisclosed fee
- •Credibility threshold: n ≥ 15
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