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Nov 29, 2008 12:33 am

fritz

Joined: 2006-01-12Offline

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 29, 2008 12:44 am

anonymous

Joined: 2005-09-29Offline

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

Nov 29, 2008 12:55 am

fritz

Joined: 2006-01-12Offline
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 29, 2008 1:17 am

Hank Moody

Joined: 2008-11-10Offline

Look at the contract.