I have a quick question about charging asset based fees to clients. I think providing an example would help in explaining my concern: an investor has $200k in an IRA/taxable account and $300k in a 403(b). Can I charge, say 1%, on all $500k and then deduct it from the IRA/taxable account or can I only charge 1% on the $200k and not advise on the 403(b)? Thanks for your input.
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