Annual fees

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Jul 10, 2013 1:19 pm

My first, and the new firm I am considering, both have managed money platform fees in which the rep can attach a management fee up to 2 pct, PLUS, there is a fee of 35 bps for the money to be housed in the managed account (which goes to the brokerage).
Is this standard?
That seems very high.

Jul 10, 2013 4:20 pm

yes, that is excessive.....most I have seen are 15 -20bps