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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.
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