Our Services
XTP is a specialist consultant focusing on transparency, cost, and risk. XTP actively supports asset owners in turning data into measurable results. We create full cost transparency in your public and private market portfolios. We assure contract compliance, eliminate process inefficiencies and operation risks, and optimise costs without changing your investment set-up. The result is a risk-free increase in net return across all asset classes.
Enhanced Insight
through comprehensive benchmarking & forensic analysis
Increased Net Return
by eliminating process inefficiencies & optimising costs
Enhanced Governance
from improved transparency & assured contract compliance
Our Clients
Deteriorating returns in some asset classes, increasing regulatory demands, and tightening ESG requirements – asset owners globally are facing a growing list of challenges.
Cost efficiency and contract compliance are highly relevant topics for asset owners, including Local Government Pension Schemes (LGPS), corporate pension funds, fiduciary managers, insurance companies and Defined Contribution Schemes.
XTP assists in improving performance, governance, and fiduciary oversight.
Implementation Shortfall
Our Approach
1
- Reported costs of your public and private market investments
- Starting point of XTP analysis
2
- Invisible but there
- Bigger part of costs is below the surface and not captured by conventional cost metrics
3
- XTP uncovers the invisible and quantifies the implementation shortfall
- True Total Cost of Ownership (TCO) is determined
4
- Combining deep industry experience with proprietary software, databases, and forensic capabilities enables us to make your investment set-up more competitive
- You will benefit from a risk-free increase of net returns
Industry reporting templates and conventional cost-measures such as the Annual Fund Operating Expenses, Ongoing Charges Figure (OCF) or Total Expense Ratio (TER) represent only part of the investment cost incurred. Key cost categories, such as implicit transaction costs, performance fees, structural and portfolio level costs, are missing from these metrics.
Templates and ratios do not tell you where operational inefficiencies and cost leakages are causing avoidable underperformance.
XTP helps to align your providers with industry best practices and identify where your portfolios should be earning you more. Ensuring that optimisation measures are effectively implemented is an integral part of our approach. As an independent consultant, we are working with you, representing only your best interests.
Implementation Shortfall
1
- Reported costs of your public and private market investments
- Starting point of XTP analysis
2
- Invisible but there
- Bigger part of costs is below the surface and not captured by conventional cost metrics
3
- XTP uncovers the invisible and quantifies the implementation shortfall
- True Total Cost of Ownership (TCO) is determined
4
- Combining deep industry experience with proprietary software, databases, and forensic capabilities enables us to make your investment set-up more competitive
- You will benefit from a risk-free increase of net returns
Our Approach
Industry reporting templates and conventional cost-measures such as the Annual Fund Operating Expenses, Ongoing Charges Figure (OCF) or Total Expense Ratio (TER) represent only part of the investment cost incurred. Key cost categories, such as implicit transaction costs, performance fees, structural and portfolio level costs, are missing from these metrics.
Templates and ratios do not tell you where operational inefficiencies and cost leakages are causing avoidable underperformance.
XTP helps to align your providers with industry best practices and identify where your portfolios should be earning you more. Ensuring that optimisation measures are effectively implemented is an integral part of our approach. As an independent consultant, we are working with you, representing only your best interests.
We follow a simple three step process:
Creating Full Cost Transparency
of your investment value chain. We look further than headline figures given by service providers or industry reporting templates. All costs and processes across all asset classes are captured and verified to ensure that data is true and accurate, giving you the complete picture of your scheme’s investments and the effective total cost.
Optimising Your Investment Set-Up
to extract the full value from your decisions. XTP benchmarks all costs and processes against industry best-practice, sets competitive targets and offers actionable suggestions to remove cost leakages and operational risks that drain on your performance.
We verify if your service providers have complied with their contractual obligations and we implement the identified improvements through skilled negotiations.
“The whole is greater than the sum of its parts”
Aristotle
Monitoring
the ongoing effects of improvements. XTP provides support behind the scenes and reports savings directly to you. Capital markets are constantly changing and your investment governance needs to reflect this. We will update you as best practices evolve and relevant innovations occur.
About Us
For more than 20 years we have helped asset owners to get the most from their current investment set-up and enhance investment governance. As an independent, specialist consultant we focus on transparency, cost, and risk.
We are a data-driven organisation with a highly experienced team of more than 50 senior industry specialists, quantitative analysts and software engineers. Technology is a fundamental component of our operation and underpins our ability to deliver superior results.
We have a proven track record of increasing implementation efficiency in public and private market assets from clients across Europe and the USA.
XTP and Wilshire are joining forces
How are we different?
Full cost transparency is critical to improving efficiency. XTP prides itself on its bottom-up approach to data collection and analysis. Our proprietary data engines, big data scrutiny, and forensic approach offer our clients a clear perspective on their portfolio and provides the basis for expert insights. From identifying improvements to monitoring their implementation – XTP has an end-to-end approach leading to measurable results.
True Independence
XTP’s analysis spans the entire investment value chain, yet we do not participate in any investment activity. Our exclusive focus is to improve the implementation efficiency to create a measurable performance improvement for our clients. Since we only work for asset owners, we have no conflicts of interest. Therefore, we are in a unique position because your service providers can deliver us your data, knowing that we will not use it for our investment gain or share it with anyone else.
Aligned Interests
Aligned interest is very important when it comes to costs. XTP’s compensation is strictly linked to achieved improvements. Our clients bear no upfront costs or downside risk. Only the measures approved by you will be implemented.
Results Focused
Collecting and accepting reported data will not get the most out of your assets and assure contract compliance. XTP combines an analytical bottom-up approach in collecting and verifying data with big data methods and forensic capabilities. We perform the analysis and take it forward, negotiating directly with service providers to achieve improvements and monitoring their implementation. This is not a reporting exercise that comes with the headache of ‘what do I do next’, XTP ensures the value comes to you.
Our Team
David
Bennett
Non-Executive Director & Senior Advisor, UK
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Senior Advisor client relations UK
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Former Head of Investment Consulting and Board member Redington
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Over 35 years of capital market experience serving institutional clients in the UK and internationally
Stewart
Bevan
Director, UK
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Client relations UK
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Analytics and negotiations
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Former member of the FCA’s Institutional Disclosure Working Group
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Former professional at J.P. Morgan and KAS Bank
Mike
O’Donnell
Non-Executive Director & Senior Advisor, UK
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Senior Advisor LGPS client relations UK
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Former CEO of LGPS London CIV
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Over 30 years of experience in local government finance functions
Jannik
Ahlefeldt-Laurvig
Associate Partner, Scandinavia
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Client relations Scandinavia
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Former Administration Lehman Brothers Europe (settlement negotiations)
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Former Executive Director Goldman Sachs (Fixed Income, Currencies, Commodities)
Marc
Becker
Managing Partner
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Head of Analytics
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Liquid Assets Benchmarking since 2008
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Product Development
William P.
Conlin
Executive Chairman, XTP USA
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Former President and CEO, Abel Noser
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40 year’s experience in the service of sponsors, foundations and endowments
Dr. Nikolai
Dördrechter
Managing Partner
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COO, Head of Private Markets
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Analytics, negotiations and business development
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Former Managing Director and Co-Founder Policen Direkt and Partner Private Equity and M&A at Oliver Wyman
Michael
Fuß
Managing Partner
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Head of client relations and negotiations
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Former Managing Director institutional asset management Deutsche Bank
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Background in trading, administration and distribution
Philipp
Henrich
Managing Partner
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CEO, Founder
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Lead corporate matters, financials and strategy
Ian
Leverich
Managing Director, XTP USA
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Sales and Client Services
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Former Managing Director at Abel Noser
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Over 16 years of experience transaction cost analysis (TCA) and institutional brokerage services for asset allocators in the U.S.
Irina
Ouvarova
Director Analytics
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Analytics and Negotiations, Private and Public Markets
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Former Investment Officer, Due Diligence, and Risk Controlling at SOKA-BAU Pension Scheme and Risk Analyst Investments at Raiffeisen Capital Management
Ellen
Petrino
Senior Advisor, XTP USA
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Senior Advisor client relations US
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Former Principal and Senior Consultant at Mercer
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Long-standing asset consulting experience serving institutional clients in the US
Arndt
Völkle
Managing Partner
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Head of Financial Engineering
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Expert for valuation of derivatives and complex securities as well as execution processes
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Former Managing Director of EDG and CTO of vwd
Wolfram
Klingler
Director, XTP USA
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Founder
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Director XTP USA
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Former professional at Clearsight (private equity) and GAM (hedge funds)
Join Us
Our services are utilised across the most sophisticated financial markets in the world, and we are building an international culture where our team feels empowered, responsible, and valued. We can offer you access to bright minded people, the environment to develop your knowledge further, and a platform to make a difference in financial services in public and private markets.
If you would like to be part of an innovative and growing company, please get in touch! Below is a list of our open opportunities, but if you think you could bring something special to our team, we would love to hear from you.
Manager Fund Audit / Due Diligence Private Markets (f/m/d)
Manager Institutional Investment Consulting (f/m/d)
Senior Web / .Net Developer
(f/m/d)
Quantitative Asset Servicing Analyst (f/m/d)
Analyst Private Equity / Real Estate (f/m/d)
Quantitative Trading Analyst
(f/m/d)
Business Analyst Fund Services (f/m/d)
UI/UX Developer (f/m/d)
Web Frontend / .Net Developer (f/m/d)
Working Student / Internship
(f/m/d)
Software Developer / Duales Studium (f/m/d)
Working Student / Intern Junior Office Manager (f/m/d)
Team Assistant Analytics (f/m/d)
Sales Working Student (f/m/d)
Contact & Locations
GLOBAL & GERMANY
Michael Fuß
+49 69 76 80 750
SCANDINAVIA
Jannik Ahlefeldt-Laurvig
+45 23 26 50 53
UNITED KINGDOM
Stewart Bevan
+44 751 69 77 057
NORTH AMERICA
William P. Conlin
+1 516 314 6696
GERMANY
XTP GmbH
Barckhausstraße 10
60325 Frankfurt am Main
Germany
GERMANY
XTP Institutional GmbH
Am Poign 4
82515 Wolfratshausen
Germany
UNITED KINGDOM
XTP Ltd
1 Vincent Square
London, SW1P 2PN
United Kingdom
NORTH AMERICA
