NEW YORK, Nov. 16, 2016 /PRNewswire/ -- Financial technology company RiXtrema today announced the launch of FeeComp, a proprietary database of advisory fees based on form ADV Part 2 data from the Securities and Exchange Commission (SEC) and other sources. The technological breakthroughs include image recognition, parsing of complex text (since form ADV Part 2 is a free form essay) and structuring of complex data using statistical analysis. Fee benchmarking can be done by account size, geography, services offered and other factors. Logo - http://photos.prnewswire.com/prnh/20161115/439927LOGO These advances are made possible through technological breakthroughs by the award-winning researchers and data scientists at RiXtrema, a company that provides risk management tools and analysis to the financial advisory and broker/dealer community to help ensure that clients get the analysis and advice they need. The FeeComp database information will enable documentation of fee reasonableness within RiXtrema's IRAFiduciaryOptimizer and 401kFiduciaryOptimizer platforms, two pioneering quantitative software solutions that empower financial advisors and plan advisors as they seek to grow their business and comply with DOL Fiduciary Rule requirements regarding retirement planning, client best interest documentation and reasonable fees. "Our clients always want to know where they stand in relation to their competition. In addition, the DOL Fiduciary Rule requires advisors to charge no more than reasonable compensation," said Daniel Satchkov, CFA®, president of RiXtrema. "Financial institutions are responsible for creating fee schedules that adhere to this requirement. Our novel technologies allow for systematic organization and retrieval of unstructured data that is reported by advisors in form ADV Part 2. FeeComp will be a tremendous help for financial institutions in determining their pricing schedule vis-à-vis the competition and defending their choice of reasonable compensation, especially since it is based on current data already reported by fiduciary advisors."