Most likely yours is the wrap fee. It is different from what 翩翩w

来源: vest2005 于 2014-12-30 14:30:03 [] [旧帖] [给我悄悄话] 阅读数 : 0 (277 bytes)
回答: what is the reasonable rate? we pay 1%. 由 Oona 于 2014-12-30 12:16:55

In wrap accounts, someone else is dictating how your money is invested. They charge wrap fees for the service. In 翩翩's case, I assume she is retaining the discretionary power, and that is why the advisor is trying to convince her to buy an ETF with a high management fee.

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