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|Subject: Re: Investment manager||Date: 6/14/2001 7:13 PM|
|Author: fooldaveonce||Number: 6914 of 19597|
For what it's worth --
I was told by a financial advisor with AMEX that the money managers he would recommend charge a flat rate of 3% of the funds under control if they total $100,000 or less. That fee includes expenses of buying and selling stock.
After $100,000, he told me, the fee is "negotiable."
I quoted the Fool to the advisor, "No one cares as much about my money as I do."
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