MAGNA's commission recapture product is unique in that every trade we execute is measured against its Real-Time Volume Weighted Average Price to quantify the value added in the trading process and to verify that we provided "best execution". We have the ability to implement commission recapture in both domestic/international equity and fixed income asset classes. Our level of rebate percentages is extremely competitive and we are approved to trade with over 400 investment managers. Our commission recapture activity reports are issued on a monthly basis to both the client and their respective managers. The monthly report highlights the value-added results of our execution in addition to the amount of funds recaptured for rebate to the client. Client reporting is also available on our web site.

Commission Recapture programs consist of an agreement between a plan sponsor and a broker dealer whereby their investment managers are directed to execute domestic and international stock and fixed income transactions with an institutional brokerage firm at their regular commission rates. The brokerage firm then rebates a portion of the gross commissions back to the pension fund to reduce overall trading costs.