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what are yearly hikes in legato for freshers?
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1%
1.25
Tiered fee from 1.25 to .5
I charge separately for financial planning, I cap my aum fees at 1.35% (depending on portfolio / strategy costs) and decline from there
1.6%
1
My avg fee is 70bps, tamp/ platform fee is typically 45bps, and internals are generally less than 15bps, using mostly sma's and/or ETFs. Average account is generally 500k+.
1% upto about 2 million, 2-10 million .80 basis points, 11-25 million .75-.65 basis points, 26-50 million around .55 basis points, over 50 million slides to .45 basis points.
Second thought - if moving from a shares I typically discount to flat 1%
I’ve seen everything from 1 - 2.25%
1-1.25% for first $1M then down 10bps for each additional million to minimum of .50%.
Seems to me this fee discussion is muddy. All in fee to the client is 1.25 avg for me. Access to institutional shares no trade fees. Others say 1% but the theres other fees...
Pru- He asked for the fee we charge the client not the all in cost including expense ratios. If he were asking for that it’d be quite hard to figure out if you have a lot of accounts
1-2.5% all in. I do all the planning and active portfolio management
1% and includes annual financial planning.
1.3%
1.3 and then tier down