Does anyone know the inner workings of the AGE managed asset program?
1) What is the client charged?
2) What do the money managers make?
3) What does the broker make?
Any other info would be appreciated also. Thanks.
The sma program at edwards starts at 2.75% which the manager gets 50bps. Payout to broker is 40%. We can discount it down 50% to 1.375% give 50bps to manager and get .875 for broker. Our payout becomes 38% when the discount is above 30%.