Standard Types of Fees -
- Advisor Fee - The advisor fee is the cost of having your assets professionally managed. It is intended to compensate the advisors for their time and expertise in establishing wealth strategies, selecting securities for a fund’s portfolio and the ongoing management of the portfolio. Advisor fees vary from firm to firm, but are typically based on a percentage of assets under management (AUM).
- Investment Fee - The cost to manage the fund expressed as a percentage. It is based on the total assets invested in the fund and is calculated annually. This fee is typically paid out of fund assets, so you will not be separately billed for it, but it will come out of your returns.
- Account Maintenance Fee - This is usually an annual or monthly fee charged for the use of a brokerage firm and its research tools.
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