XTP Increases Net Performance and
Reduces Information Asymmetry

Our mission is to support institutional investors in
safeguarding their interests

What does XTP offer?

XTP combines empirical capital market research and long-standing practical experience in the various domains of institutional asset management for supporting institutional investors in safeguarding their interests. Using bottom-up forensic analysis and systemic “big data” scrutiny across all asset classes, the following objectives are achieved consecutively. The result is a risk-free additional net return by means of an increase in process efficiency and optimized cost structures – without changes to asset allocation or manager mix.

Transparency

regarding cost and process efficiency

as well as operational risks

across the entire value chain

Best Practices

through comprehensive benchmarking,

peer reviews and

state-of-the-art processes

Optimization

of explicit & implicit costs,

processes and

implementation structures

What is XTP’s approach?

Typical cost-measures, for example the Total Expense Ratio (TER), form only part of the overall costs. Inefficiencies in implementation and execution do not become transparent.

Creating full transparency is a prerequisite for any optimization. Starting with headline explicit costs typically included in standard reporting, our analysis and investigation uncovers the total cost of ownership, including full transparency on implicit and hidden costs.

Following the analysis phase, XTP identifies and recommends measures that optimize costs and make the implementation process more efficient. Then, with the client’s consent, XTP implements and realizes tangible improvements.

Transparency is critical for efficiency improvement

Analysis of headline costs alone is not sufficient to understand the total cost of an investment portfolio. For full transparency, a more comprehensive approach is needed. To ensure tangible results, XTP takes responsibility for the implementation of optimization measures.

What makes XTP unique?

XTP analyzes and optimizes the entire value chain of asset management holistically without conflicting interests, performing a meticulous and systematic bottom up analysis of over 180 cost elements. This approach differs from traditional providers:

  • Transaction cost specialists focus only on one part of the value chain, they neglect the interdependency with other cost components and often provide (conflicting) brokerage services.
  • Investment consultants focus on making investment decisions. Their focus is not on cost efficiency and optimized execution and processes.
  • Typically, advisors specialize in either traditional asset classes or alternatives, not the whole spectrum.

XTP gives more than theoretical advice and reporting. XTP actively implements the findings on clients’ behalf and provides active and comprehensive implementation of the unearthed optimization potential.

“The whole is greater than the sum of its parts”

Aristotle

Why is implementation efficiency important and what is the value added?

In a challenging market environment with historically low returns and interest rates, institutional investors face increasing challenges to meet their liabilities, stakeholders’ expectations and fiduciary responsibilities. Therefore, the highest standards in transparency, proven execution efficiency and constant optimization & reduction of costs are paramount to success.

According to a study of the Dutch Central Bank 20 basis points cost reduction increase pensions by 6.46 %.

Assumption: 40y contribution, 20y benefit period

For over a dozen years, XTP provided its institutional investor client base a fully aligned solution, resulting in annually reoccurring savings between 5 and 50 bps.

XTP’s clients are available for reference checks on request.

How does XTP work?

XTP works independently, systematically and rigorously, incorporating XTP’s proprietary data engine and team of forensic analysts. XTP puts the highest emphasis on data accuracy – transaction-by-transaction, cost-item per cost-item. XTP continuously maintains the uncompromised view of an independent third party across the entire value chain, all providers and interfaces. By combining detailed scrutiny and clear view of the “big picture” XTP provides clients with new insights and approaches to increase implementation efficiency.

Clear focus

Increasing implementation efficiency and optimizing the implementation process is the exclusive focus of XTP.

Aligned interests

Success oriented compensation based on actually realized savings/improvements ensures compatibility of incentives. XTP only works on mandates if a significant added value can be generated. XTP’s clients bear no cost risk.

Transparency and results-orientation

Transparency resulting from independent analysis is the basis for efficiency, identification and minimization of operational risks, high quality governance, optimized processes and maximized net portfolio return.

How XTP’s analysis identifies inefficiencies and operational risks?

XTP performs a meticulous qualitative and quantitative analysis across the entire value chain and across all asset classes. Special attention is paid to points of interaction and dependencies. The optimization potential is verified against the background of already analyzed assets of more than $2.5tn.

Benchmarking of explicit costs and fees

e.g. management and performance fees, brokerage, custody, other costs and expenses

Analysis of
implicit costs

e.g. mark-ups, spreads, market impact, valuation of derivatives

Identification of structural leaks and deficits

e.g. inefficient structures and processes, opportunity costs, cross-subsidies

Review of
operational risks

e.g. inappropriate procedures and processes, disincentives, insufficient reconciliation

Who are the persons behind XTP?

Jannik Ahlefeldt-Laurvig

Associate Partner, Nordics

Jannik Ahlefeldt-Laurvig

Associate Partner, Nordics

  • Client relations Nordics
  • Former Administration Lehman Brothers Europe (settlement negotiations)
  • Former Executive Director Goldman Sachs (Fixed Income, Currencies, Commodities)

Marc Becker

Managing Partner

Marc Becker

Managing Partner

  • Head of Analytics
  • Liquid Assets Benchmarking since 2008
  • Product Development

Stewart Bevan

Associate Partner, UK

Stewart Bevan

Associate Partner, UK

  • Client relations UK
  • Analytics and negotiations
  • Former member of the FCA’s Institutional Disclosure Working Group
  • Former professional at J.P. Morgan and KAS Bank

William P. Conlin

Executive Chairman, XTP USA

William P. Conlin

Executive Chairman, XTP USA

  • Former President and CEO, Abel Noser
  • 40 year’s experience in the service of sponsors, foundations and endowments

Dr. Nikolai Dördrechter

Managing Partner

Dr. Nikolai Dördrechter

Managing Partner

  • COO, Head of Private Markets
  • Analytics, negotiations and business development
  • Former Managing Director and Co-Founder Policen Direkt and Partner Private Equity and M&A at Oliver Wyman

Michael Fuß

Managing Partner

Michael Fuß

Managing Partner

  • Head of client relations and negotiations
  • Former Managing Director institutional asset management Deutsche Bank
  • Background in trading, administration and distribution

Philipp Henrich

Managing Partner

Philipp Henrich

Managing Partner

  • CEO, Founder
  • Lead corporate matters, financials and strategy

Wolfram Klingler

Managing Partner

Wolfram Klingler

Managing Partner

  • Development optimization strategies and lead negotiations 
  • Strategy, international expansion
  • Former professional at Clearsight (private equity) and GAM (hedge funds)

Dr. Achim Lutz

Partner, UK

Dr. Achim Lutz

Partner, UK

  • Business Development UK
  • Real Estate Expert
  • Former Managing Director German real estate asset manager and capital markets lawyer at Shearman Sterling

Arndt Völkle

Managing Partner

Arndt Völkle

Managing Partner

  • Head of Financial Engineering
  • Expert for valuation of derivatives and complex securities as well as execution processes
  • Former Managing Director of EDG and CTO of vwd

Prof. Lutz Johanning

Partner and Head of the Supervisory Board

Prof. Lutz Johanning

Partner and Head of the Supervisory Board

  • Founder
  • Holder of the Chair of Empirical Capital Market Research at WHU – Otto Beisheim School of Management
  • Member of the Consultative Expert Group for the European Supervisory Authorities (ESMA, EBA, EIOPA).

Prof. Dr. Ralf Elsas

Supervisory Board Member

Prof. Dr. Ralf Elsas

Supervisory Board Member

  • Head of the Institute for Finance and Banking, Ludwig-Maximilians-Universität Munich

Dr. Carl-Peter Feick

Supervisory Board Member

Dr. Carl-Peter Feick

Supervisory Board Member

  • Expert in Banking and Capital Market Law
  • Senior Partner at Linklaters Germany and Member of the global Executive Committee (2010-2016)
  • Lawyer at Linklaters in London and Frankfurt (1995-2018)

Who is XTP looking for?

As an employee you receive a fundamental training on the job and a unique insight into the financial markets industry. You will experience a dynamic environment, allowing you to develop your professional skills as well as personal advancement.

We are looking for:

General Counsel (f/m/d)

detailed job description

Analyst Investment Consulting (f/m/d)

detailed job description

Analyst Real Estate (f/m/d)

detailed job description

Analyst Private Equity (f/m/d)

detailed job description

Team Assistant (f/m/d)

detailed job description

Fund Controller (f/m/d)

detailed job description

Manager Investment Consulting (f/m/d)

detailed job description

Manager Real Estate (f/m/d)

detailed job description

Manager Private Equity (f/m/d)

detailed job description

Junior Customer Relationship Manager (f/m/d)

detailed job description

Cloud Backend Developer (f/m/d)

detailed job description

Senior Web/.Net Developer (f/m/d)

detailed job description

Junior Web/.Net Developer (f/m/d)

detailed job description

Working Student / Internship (f/m/d)

detailed job description

Contact

ALL COUNTRIES/GERMANY

Michael Fuß
+49 (69) 76 80 750

UNITED KINGDOM

Stewart Bevan
+44 (751) 69 77 057

SCANDINAVIA

Jannik Ahlefeldt-Laurvig
+45 23 26 50 53

NORTH AMERICA

William P. Conlin
+1 (516) 314-6696

Locations

GERMANY

Barckhausstraße 10,
60325 Frankfurt am Main,
Germany

 

Am Poign 4,
82515 Wolfratshausen,
Germany

SWITZERLAND

Bahnhofstraße 28b,
8808 Pfäffikon,
Switzerland

NORTH AMERICA

173 Huguenot St,
Suite 200,
New Rochelle NY 10801,
USA

© XTP AG

Imprint
GDPR

Legal Disclosure

Information in accordance with section 5 TMG

REPRESENTED BY

Marc Becker

Dr. Nikolai Dördrechter

Michael Fuß

Philipp Henrich

Arndt Völkle

CONTACT
Telephone:

+49 (69) 76 80 75 0

E-Mail:

Web:

www.xtp-group.com

REGISTER ENTRY
Register Number (Handelsregister):

HRB 105646

Register Court:

Amtsgericht Frankfurt/Main

VAT NUMBER
VAT indentification number in accorance with section 27 a of the German VAT act:

DE 237458709

Disclaimer

Accountability for content

The contents of our pages have been created with the utmost care. However, we cannot guarantee the contents’ accuracy, completeness or topicality. According to statutory provisions, we are furthermore responsible for our own content on these web pages. In this context, please note that we are accordingly not obliged to monitor merely the transmitted or saved information of third parties, or investigate circumstances pointing to illegal activity. Our obligations to remove or block the use of information under generally applicable laws remain unaffected by this as per §§ 8 to 10 of the Telemedia Act (TMG).

Accountability for links

Responsibility for the content of external links (to web pages of third parties) lies solely with the operators of the linked pages. No violations were evident to us at the time of linking. Should any legal infringement become known to us, we will remove the respective link immediately.

Copyright

Our web pages and their contents are subject to German copyright law. Unless expressly permitted by law (§ 44a et seq. of the copyright law), every form of utilizing, reproducing or processing works subject to copyright protection on our web pages requires the prior consent of the respective owner of the rights. Individual reproductions of a work are allowed only for private use, so must not serve either directly or indirectly for earnings. Unauthorized utilization of copyrighted works is punishable (§ 106 of the copyright law).

Picture credits

©MissPassionPhotography/Thinkstock/#516987768
©violetkaipa/Thinkstock/#174381855
©Natalia Lukiyanova/Hemera/Thinkstock/#100762783
©fpm/iStock/#173684243

Data Protection

General Provision

XTP understands that your privacy is important. We are committed to protect your privacy and personal data that we process in the course of our business. To meet this commitment and our obligations under applicable data protection laws, XTP has implemented the necessary measures to ensure the protection of your personal data.

This Privacy Policy describes how we handle and protect your personal data in connection with the nature, scope, and purpose of the collection, and the use and processing of the respective data.

Personal data includes all information reated to you as a natural person, in particular by reference to an identifier such as your name, address, e-mail address, phone number,. Definitions for terms covered within this Privacy Policy, such as “personal data” or “processing”, can be found in Art. 4 GDPR.

XTP may, in its discretion, amend this Privacy Policy from time to time. To ensure you are able to remain informed about the information we collect and how we use it, material changes to our policy will be reflected here. Therefore we recommend you to review our Privacy Policy on a regular basis.

Contact Details according to GDPR Article 4 (7)

For further questions related to the processing of your personal data please reach out to:

XTP AG („XTP“)
Barckhausstraße 10
60325 Frankfurt am Main
Germany

E-Mail address:

Information we collect – Use of information

XTP collects personal data on certain areas of his websites. The personal data we collect may be used where we have your specific consent to do so, or where XTP has a legitimate interest in or other legal basis for processing such information.

In case you view our website for information purposes only, we collect the personal data that your browser transmits to our servers. This data is collected in accordance with GDPR Article 6 (1) lit. f. which is technically necessary for displaying you the content of our website as well as ensuring the stability and security of our website:

  • visited website
  • date and time of access
  • quantity of data sent in byte
  • source/reference of your site accessing our website
  • your browser
  • your operating system
  • your IP-address

The collection of this data for the provision of our website as well as the storage of the data in log files is essential for operating our website. The storage of the data is primary for security purposes, e.g. to clarify cases in the event of abuse. The user has no right to file objections in this case. If data has to be stored for legal evidence, it will not be deleted until the matter is permanently settled.

Range Measurement & Cookies

XTP may use first and third party cookies and other tracking technologies to manage our Sites and our services and collect analytics about how you use them. Cookies are small files which are stored on your terminal device and accessed by your browser. The use of cookies increases the user-friendliness and security of this website. If you do not want to save range-measuring cookies on your terminal device, you have the possibility to opt out to the use of these files here:

Cookie-deactivation page of the network advertising initiative:

http://optout.networkadvertising.org/?c=1#!/

Popular browsers offer the preference option of not allowing cookies. Note: There is no guarantee that you will be able to access all the functions of this website without restrictions if you make these settings.

Collection and Processing of Personal Data

XTP will not sell, share, or rent or otherwise make available your personal data to other parties, except that we may disclose the information to third parties who perform services on our behalf and have a need to access the information in connection with those services.

You can also visit this website without actively submitting any personal data. In order to improve our online services, we store your access data (without linking it to you as a person) on this website (see above). Due to the anonymization of the collected data it is not possible to link the data to individual persons.

Handling of Contact Data

If you contact us through the offered contact options, your details will be stored so that they can be used to process and answer your request.

Your Rights

In accordance with applicable data protection laws, including but not limited to the GDPR, you have a right to request a copy of the personal information we hold about you and details how we use that information.

If any of the information held about you is incorrect or out of date, you have the right to amend or rectify it, please contact therefore:

Please note that we need to prove who you are before we can provide you with any information.

XTP retains your personal data for so long as is necessary to fulfil the purpose for which it was collected and to fulfill our legal data storage obligation by law.