Is the trust incurring reasonable investment management fees?
A trustee has a duty to pay only fair fees. Few trustees can identify who is being paid what, and whether those costs are reasonable. In this market study by AdvisorHQ, they collected data from investment advisers across the country to identify industry-average fee levels for a range of portfolio sizes. This data can be helpful to a trustee as they create a record that the fees being incurred by the trust are consistent with industry norms.
This study will help you:
- Check whether the current investment management fees are appropriate.
- Negotiate fees with the investment manager.
- Create the evidentiary record that you have investigated this issue.