What are management fees and how are they deducted?
An example of an AI chatbot conversation about deducting management fees from investments.
What are management fees and how are they deducted?
Management fees are charges by investment managers for managing your investments. They are typically deducted from your investment returns.
How are these fees calculated?
Management fees are usually calculated as a percentage of the assets under management (AUM). For example, a 1% fee on $100,000 would be $1,000.
Are there any other costs I should be aware of?
Yes, besides management fees, you might encounter performance fees, transaction fees, and administrative costs.
Can these fees affect my overall investment returns?
Absolutely! High management fees can significantly reduce your overall returns over time, so it's important to consider them when choosing an investment.
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