Tag: assets under management
Awhile back, I was approached by an online brokerage company about considering the use of an outside portfolio manager. The broker had developed a list of approved firms and I spoke with a few of their representatives. One represented the dark side of paying a fee for assets under management (AUM).
What’s tricky about investment fees is that some are more transparent than others. Some charges are embedded in the investment product (such as management expenses of mutual funds) while others are standalone expenses such as maintenance charges.
Here are typical fees to investigate when signing up with a brokerage firm and investing money: