Commission Recapture

Custom analysis, online tools and detailed compliance reporting

An Effective and Transparent Tool

Commission recapture is an effective, transparent tool to help plan sponsors and investment companies lower expenses, reduce commissions, and control transaction costs. With a commitment to providing the most comprehensive commission recapture program in the industry, CAPIS offers tailored reports, flexible online tools, superior client service, and compliance support to help you understand and manage your commissions.

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What is Commission Recapture?

Commission recapture is a discounting mechanism for institutional brokerage transactions. In a commission recapture program, a portion of the commissions generated by the fund’s assets are returned directly to the fund or used to lower overall expenses, such as custody fees and consultant fees.

Transaction Cost Analysis and Brokerage Allocation Reporting

Ally, our execution analysis and brokerage allocation reports, offers best-in-class transaction analysis, helping you evaluate commission recapture participation, overall commission allocation, and execution quality. The Ally reports provide unique insight into the allocation of your commission assets including:

Identifying Underperforming Managers

Execution Quality – Quartile comparisons with historical perspective Commission Rate – USD and Non-USD reports compared to the CAPIS Universe Recapture Participation – Directed percentages versus target objectives.

Communicating With Managers

Manager Scorecards – Multi-level comparisons provide a format for discussing best execution and brokerage allocation with your investment managers.

Preparing Management And Board-Level Reports

On a quarterly basis, CAPIS delivers detailed, easily understandable brokerage allocation and execution analysis reports for monitoring the results of your commission recapture program. These reports are ideal for accounting and management personnel as they provide directed commission summaries as well as variance and commission analysis. The reports also allow for concise sub-advisor communications by detailing key statistics for quarterly and annual reviews.

Trading Flexibility

We offer money managers several ways to satisfy commission recapture requests:

CAPIS Agency Trading Desk

As an independent agency broker, CAPIS offers global equity trading, fixed income execution, and derivatives trading expertise without the traditional conflicts of proprietary trading desks.

CAPIS Global Trading Network

Your managers can trade directly with any of our global trading partners.

Step-Outs

Directed requests can also be satisfied through step-out trades from other executing brokers.

Personal Service

CAPIS is widely recognized for our responsiveness to client needs and the personal attention we give every account. Our commitment to personalized service is unwavering.

CAPIS Commission Recapture

24/6 Global Trading Desk

The CAPIS trading desk offers global equity, fixed income, derivative, and portfolio trading services.

How We Do It

17

People

24

average years of experience

What We Cover

Global Equity

We use the latest technology to execute our trades, while also offering the personal attention of a block trader. CAPIS’ 24-hour global trading desk delivers superior execution and exceptional trading coverage. And whether you use an electronic trading system or prefer to talk to a human trader, you’ll receive the same superior client service.

Fixed Income

A pioneer of agency trading in fixed income instruments, CAPIS is one of the only brokers that continues to provide research credit on eligible fixed income trades.

Derivatives

Enhance your trading strategies using options and futures. Our derivatives trading desk can help you customize trading strategies to optimize your portfolio and reduce your risk exposure. Options are also eligible for research credit in our CCA/CSA program.

Portfolio Trading

Our portfolio trading desk can implement a coordinated strategy or trading algorithm specifically tailored to your needs. Not only do our traders utilize the most sophisticated trading technology, but they are also involved throughout the entire process to ensure a personalized level of service.

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