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