As ClearGlass works for asset owners, asset owners pay for the service and not asset managers. Therefore, the service to collect, check, summarise, and analyse the data (‘Basic Reporting’) is priced at a low fee per mandate. This fee is £100 currently and will fall over time. And this is because Basic Reporting is delivered in a low margin ‘utility’ to ensure that it is inclusive. In other words, it is for ALL institutional investors and not just the large ones.