Optimize your fund of funds negotiations with streamlined stakeholder engagement, data analysis, proposal drafting, and agreement finalization for better fee structures.
1
Identify key stakeholders for negotiation process
2
Establish objectives and key points for negotiation
3
Gather necessary financial data
4
Compile fee structure information from all funds
5
Analyze comparative fund fee structures
6
Draft initial negotiation proposal
7
Approval: Initial Negotiation Proposal
8
Submit initial proposal to fund managers
9
Arrange meeting with fund managers
10
Conduct negotiation meeting
11
Record meeting notes and responses
12
Revise negotiation proposal based on feedback
13
Resubmit revised proposal to fund managers
14
Receive approval or adjustment suggestions from fund managers
15
Approval: Revised Proposal
16
Finalize and sign agreement on fee structure
17
Communicate new fee structure to all relevant parties
18
Monitor and review fund performance under new fee structure
Identify key stakeholders for negotiation process
This task involves identifying the individuals or groups who have a vested interest in the negotiation process. Think about who will be affected by the fee structure and who has the authority to approve changes. Consider reaching out to various departments or teams for input. Who do you think should be involved in this critical step?
Establish objectives and key points for negotiation
In this task, you will set clear goals and define the key talking points for the negotiation process. What are the main objectives you want to achieve? What specific points need to be addressed during the negotiation? Consider what outcomes you are looking to achieve and what areas need to be emphasized.
1
Fee structure
2
Performance metrics
3
Termination clauses
4
Additional fees
5
Incentive structures
Gather necessary financial data
Compile fee structure information from all funds
Analyze comparative fund fee structures
Draft initial negotiation proposal
Approval: Initial Negotiation Proposal
Will be submitted for approval:
Identify key stakeholders for negotiation process
Will be submitted
Establish objectives and key points for negotiation
Will be submitted
Gather necessary financial data
Will be submitted
Compile fee structure information from all funds
Will be submitted
Analyze comparative fund fee structures
Will be submitted
Draft initial negotiation proposal
Will be submitted
Submit initial proposal to fund managers
Arrange meeting with fund managers
Conduct negotiation meeting
Record meeting notes and responses
Revise negotiation proposal based on feedback
Resubmit revised proposal to fund managers
Receive approval or adjustment suggestions from fund managers
Approval: Revised Proposal
Will be submitted for approval:
Record meeting notes and responses
Will be submitted
Revise negotiation proposal based on feedback
Will be submitted
Finalize and sign agreement on fee structure
Communicate new fee structure to all relevant parties
Monitor and review fund performance under new fee structure
