Name

Method

No Fee:

The fees will be zero.

% of Beginning Value:

The fees will be a percentage of the managed value, where the managed value is calculated as the value at the beginning of the management fee report period.  This is the same as the ending value on the day prior to the report's starting date.

% of Average Value:

The fees will be a percentage of the managed value, where the managed value is calculated as the average end of day value between the beginning and ending dates of the management fee report.  Weekends are ignored.

% of Ending Value:

The fees will be a percentage of the managed value, where the managed value is calculated as the value at the end of the management fee report period.

Fixed Fee:

The fees will be a specified amount, independent of the managed value.

Percentage

For any of the percentage of managed value methods this option controls that percentage.  Choose from any of the following choices:

Fixed %:

The specified percentage is applied to the managed value.

Tiered %:

Varying percentages can be applied to the managed value, where the percentage changes at different value levels.  When using the tiered %, an option to "Report Fees at Account Level" is made available.  Select this option to have the calculated fees divided up proportionally between all sub-portfolios with an assigned account number.  This option can be useful when you want to calculate the fees at a household level, but reported at an account level.

Fixed % by Investment Type:

Assign percentages for each investment type.