Fees in NQ account
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For people that are RIA or fee-only, hwo do you typically handle NQ money from a fee perspective? I ask because a lot of my NQ accounts are a big mix of multi-purpose money. A typical account might have some MMKT, some CD’s, some muni’s, some individual stocks, and maybe even a fixed annuity or SPIA. In contrast, most of my qualified accounts are more “managed”…an active fund or ETF portfolio for example. I just don’t see how you could charge a consistent fee on a NQ account (unless it was all for one purpose, ie. capital preservation, growth, etc.).
You can split it up. 40 bps for fixed income-type securities and maybe 125 bps for equities and the like.
Yep, you can also flat dollar it...You can split it up. 40 bps for fixed income-type securities and maybe 125 bps for equities and the like.
Would you have to do it manually, or would you just come up with a pro-rated amount, like 65 bips until the mix changed?You can split it up. 40 bps for fixed income-type securities and maybe 125 bps for equities and the like.
Ice - I didn’t say I did it that way. Just that you could.
I use the same fee for the whole account. But you make a valid point. I wonder how people would deal with that.
I charge the same on cash too.
[quote=iceco1d]That’s what I thought you did. Can’t trust my reading comprehension with a hangover I guess! CODMW2?
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As soon as I can convince my wife that just because she is working today, doesn’t mean I have to. You would think cleaning the house before everybody else wakes up would earn me some points.