Streamline fund fee negotiations with a comprehensive, strategic process for favorable agreements and efficient contract management.
1
Identify negotiation team
2
Prepare negotiation strategy
3
Gain knowledge about the fund of funds fees structure
4
Identify previous agreements related to fund fees
5
Collected information review
6
Approval: Review of Collected Information
7
Prepare first draft of fee negotiation proposal
8
Identify key negotiation points for funds fee structure
9
Approval: Fee Negotiation Proposal
10
Present fee negotiation proposal to the other parties
11
Receive feedback and counter-proposals
12
Negotiate on key points
13
Re-adjust fee negotiation proposal based on negotiations
14
Approval: Adjusted Fee Negotiation Proposal
15
Finalize fee negotiation proposal
16
Get all parties to approve the final proposal
17
Approval: Final Proposal
18
Prepare contract for new fund fees structure
19
Circulate contract for signatures
20
Archive finalized contract and added to the record
Identify negotiation team
Identify the individuals who will be part of the negotiation team for the fund of funds fee structure. Consider their expertise, knowledge, and ability to negotiate effectively. This team will play a crucial role in shaping the negotiation strategy and representing our organization throughout the process. Who will be part of the negotiation team?
Prepare negotiation strategy
Develop a negotiation strategy to guide the process of fee structure negotiation. This strategy should outline the objectives, key points for negotiation, and the desired outcomes. It should take into account the interests of all parties involved while ensuring our organization's financial goals are met. What should be included in the negotiation strategy?
Gain knowledge about the fund of funds fees structure
Acquire a deep understanding of the fund of funds fees structure, including industry standards, best practices, and the specific context of this negotiation. This knowledge will help us make informed decisions during the negotiation process. How will you gain knowledge about the fund of funds fees structure?
1
Research industry standards
2
Consult industry experts
3
Analyze previous fee structures
4
Attend industry conferences
5
Review case studies
Identify previous agreements related to fund fees
Collected information review
Approval: Review of Collected Information
Will be submitted for approval:
Collected information review
Will be submitted
Prepare first draft of fee negotiation proposal
Identify key negotiation points for funds fee structure
Approval: Fee Negotiation Proposal
Will be submitted for approval:
Prepare first draft of fee negotiation proposal
Will be submitted
Identify key negotiation points for funds fee structure
Will be submitted
Present fee negotiation proposal to the other parties
Receive feedback and counter-proposals
Negotiate on key points
Re-adjust fee negotiation proposal based on negotiations
Approval: Adjusted Fee Negotiation Proposal
Will be submitted for approval:
Re-adjust fee negotiation proposal based on negotiations
Will be submitted
Finalize fee negotiation proposal
Get all parties to approve the final proposal
Approval: Final Proposal
Will be submitted for approval:
Finalize fee negotiation proposal
Will be submitted
Prepare contract for new fund fees structure
Circulate contract for signatures
Archive finalized contract and added to the record
