Clerical Medical International (CMI) has developed a quotation system to show advisers how annual ma...
Clerical Medical International (CMI) has developed a quotation system to show advisers how annual management charge (AMC) rebates impact the performance of portfolios. Rod MacDonald, marketing manager at CMI, said it had been testing the quotation system internally for a month. He said: "The service will provide intermediaries with a transparent tool on how much fund houses rebate and how this affects the performance of an investor's portfolio. The system can be used for intermediaries who have clients who wish to invest in our offshore Global Investor product. "It uses an open architectu...
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