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At 5% AUM, you might as well put it in cash, when you consider risk adjustmentd and post tax investment returns. But skimming this article, it's not just inves
by hkmurakami 8y ago
At 5% AUM, you might as well put it in cash, when you consider risk adjustmentd and post tax investment returns.
But skimming this article, it's not just investment returns really. I guess these people really are liable to blow all their money on stuff off left to their own devices.
- vostok 8y agoI think 5% of AUM would be a fee based advisor or a wrap account. If it's 5% commission then it's 5% of each transaction.