![]() ![]() For example, if you invest $10,000 in an ETF with an MER of 2%, you’ll pay $200 in MER fees annually.įurthermore, investors pay this fee no matter how well the fund performs so an MER can take a big bite out of your earnings especially if the fund doesn’t do well. While you don’t need to understand all the fine points of how an MER works, it’s vital to be aware that an MER will cut into your earnings. the fee is deducted before the mutual funds returns are calculated). You don’t pay the fee yourself directly, rather the amount is paid by the fund itself before its overall returns are calculated (i.e. The fee is expressed as a percentage and indicates the amount that is subtracted annually from the fund’s overall holdings. The fee covers a spectrum of expenses, including the salaries of fund managers, operating expenses, market research, broker fees, taxes and more. ![]() ![]() MER stands for “management expense ratio” and it’s an annual fee that is associated with managing a mutual fund or an exchange-traded fund (ETF). Scotland offers a highly responsive skills and education system which is geared to meet the needs of employers, making us an attractive destination for inward investors.MER is a term you’ll frequently come across when investing so it’s crucial to understand what it means. Marion Beattie, Head of Skills Growth and Inward Investment at SDS, said: People and skills are amongst the key elements businesses consider when deciding where to invest, and SDS is proud to work as part of Team Scotland in helping employers such as Invisors to locate here. The company’s presence in Scotland has steadily grown since the opening of the Glasgow office, demonstrating the talented workforce that exists in the local area. “As part of our ‘Team Scotland’ approach to attracting inward investment, we’ve been pleased to work with our partners across the public sector to support Invisors with their decision to locate in Glasgow. Mark Hallan, Director of Global Investment at SDI, said: Invisors is an innovative company enjoying rapid growth and it’s great news that the firm has chosen Glasgow to continue its global expansion. The company’s award-winning ethos of delivering training, coaching and mentoring programmes to their team of recruits signals a very positive addition to the Glasgow business base. As well as their focus on recruiting from the Glasgow graduate population, we are pleased to learn that their growth strategy will see the creation of new jobs for analysts year on year from the wider employment pool. In choosing Glasgow, Invisors recognise the quality and availability of a world class talent pool and we are also delighted that they have earmarked Glasgow for the UK headquarters for their graduate scheme. Magazine's 5,000 Fastest-Growing Private Companies.Īnne Murray, Inward Investment Manager at Invest Glasgow, said: Invest Glasgow is excited to welcome Invisors to Glasgow and to be able to support the establishment of their first European office. The company’s global team has successfully completed more than 200 Workday client engagements, with recognitions by Fortune's Great Place to Work, Inc. We are excited to work closely with Workday helping customers here in the United Kingdom and Ireland adopt the best-in-class applications for finance, HR, and more, says Matt Lawrence, EMEA Commercial Lead at Invisors. This is a fantastic recognition from Workday on the team we have built here in less than a year and outlines our commitment to Workday globally. This expansion recognises Invisors’ commitment to helping European companies migrate their HR and financial systems to Workday and provide ongoing support and optimisation once live. The company recently passed a major milestone after it received partnership status from Workday to deliver Workday deployments in the United Kingdom and Ireland. We have seen a lot of value so far in the local talent we have attracted and the support we have received from local partners. Matt Smith, EMEA Operations Lead at Invisors, said: I’m based in the Glasgow area, so was pleased that our due diligence indicated that Glasgow would be a strong location for our plans. The company is targeting incremental growth in employee numbers as it develops its presence in Europe. Since its opening, Invisors has hired approximately 20 employees across the UK, half of whom based are in the firm’s Glasgow office. Headquartered in Atlanta, Georgia, Invisors opened its new office on Queen Street after working closely with a number of local partner organisations, including Invest Glasgow, Scottish Development International (SDI) and Skills Development Scotland (SDS). ![]()
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