Managed Accounts

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Nov 28, 2008 7:33 pm

Maybe stupid/basic question..but does anyone know on Managed Accounts, (brandes etc) how quarterly fees are calculated.  On Q-4 are they computed on ending assets value on 12-31 or some other way..thanks in advance.

Nov 28, 2008 7:44 pm

Fees are paid in advance, so Q4 fee would be based on Sept. 30 balance.

Nov 28, 2008 7:55 pm
Primo:

Fees are paid in advance, so Q4 fee would be based on Sept. 30 balance.

 
I got that, but guess you are saying fee's in 1st quarter (2009)would be on ending value on 12-31 right?  For some reason alway though it was monthly average and divided by each month for the next quarter.
Nov 28, 2008 8:17 pm

Look at the contract.