Before you start the due diligence process in Analyser, you’ll see that we ask you to do two things first: set up your client segments, and add any custom pricing deals you have with your platforms.

You can find out more about how to set up your client segments or proposition here, and why we think it’s important.

Here we outline how to add your custom pricing, which comes as part of the Analyser package.

When you want to run a platform pricing analysis, you can do this in either the comparisons or due diligence sections in Analyser.

By adding the deals you’ve negotiated, Analyser gives you a bespoke view of the platform market as it specifically relates to your clients.

Heatmaps are all well and good (we obviously love them dearly), but generic pricing comparisons don’t reflect the fact that your firm may have different terms in place than someone else. For example, your firm’s specific deal may represent five to 10 basis points difference from the advertised price.

Creating your custom pricing in Analyser means the system takes your deals into account, so the results you get are completely specific to your firm and your clients. As the advice professional running the pricing comparison, you are the one in the driving seat.

Enough chat. How do I do it?

To set up your custom pricing structure(s), log in to Analyser and from the top menu go to ‘my firm’ then ‘my pricing’.

From here click add structure.

Then choose the platform that’s offered you custom pricing, and the pricing structure you wish to amend. Most platforms will just have one standard pricing structure, although in rare cases there might be two to choose from.

Then click customise.

You can then name your pricing structure and make changes to the core AMC charges, as well as any other charges such as wrapper charges, flat fees or any minimum and maximum charges, then hit save.

Your pricing deal will then be listed. Repeat the process as needed for any other deals.

Most of the time this should suit your purposes, but if you need to make any other changes, such as tweaking the charging bands, just let us know and we’ll do this for you. You can contact us via email on [email protected], or by using the ‘get in touch’ button in Analyser.

Once your custom pricing is added, you’ll see this reflected in the pricing analysis part of the due diligence process (as seen below), and in the final report.

And that’s the process.

By adding custom pricing, along with your client proposition, Analyser allows you to build a due diligence report as you’re carrying out the research. So by the time you get to the end of your research, your report is effectively written for you.

You are seeding the information for your report as you go, which has the added benefit of saving you time in the long run.

Generally speaking there are no right and wrong answers when it comes to due diligence and suitability. Analyser works by helping your articulate your thought process, whatever that might be.