| Directed Brokerage And Commission Recapture |
| |
| What are Directed Brokerage and Commission Recapture? |
| |
| WJB is an approved LJR correspondent broker that can help you with your commission recapture execution and trading needs. Commission recapture is a form of institutional discount brokerage that rebates a portion of trading commissions directly to the pension plan or investment fund. This helps to reduce expenses, in turn, by saving money for the fund. |
| |
| 1. |
The Pension Plan Sponsor, |
| 2. |
Gives directions / instructions to, |
| 3. |
Its Investment Manager |
| 4. |
to execute equity trades with, |
| 5. |
WJB who then in turn, |
| 6. |
Rebates a portion of the commission dollars (Cash) back to the plan. |
|
 |
|
| |
| Why Directed Brokerage? |
| |
| |
 |
Commission Dollars = Plan Assets |
| |
|
Lower Commissions = Increased Plan Assets |
| |
|
Increased Plan Assets = Higher Cash Flow and Improved Performance |
|
| |
| Who Benefits from Directed Brokerage? |
| |
| |
|
Plan Sponsor
Improved Efficiency of Plan Assets |
| |
|
Plan Beneficiaries
More Funds to Expand Benefits |
| |
|
Investment Manager
Services Client and Strengthens Relationship |
|
| |
| General Expense Reductions from Directed Commission Recapture |
| |
| |
|
Custodial Fees |
|
|
Consultants Fees |
| |
|
Performance Appraisals |
|
|
Plan Asset Analysis |
| |
|
Research Services |
|
|
Commission Analysis |
|
| |
| No Costs, No Requirements for Directed Commission Arrangement |
| |
| |
|
There are no set up fees or minimum trade requirements |
| |
|
There are no trade volume or trade size requirements |
| |
|
There are no minimum time requirements |
|
