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|Subject: Re: Investment manager||Date: 6/14/2001 9:21 AM|
|Author: intercst||Number: 6908 of 20207|
I'm wondering what a typical fee might be for an investment manager firm? I'm being solicited by a firm for 1.25% (for investments over $500K) and 1.50% for portfolio < $500K. But someone told me that .75 to 1.0% is more typical for such a firm? I'm sure they must range all over the place but wondered if someone might be willing to share with me on this subject.
I've seen fees from 0.50% to 3.00% of assets. The problem is that at least 80% of professional investment managers under perform the S&P500. There is a great chance you'll be paying extra to do worse.
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