Managed Account Fee definition
Managed Account Fee is the annual fee (plus applicable taxes), payable monthly, for a Managed Account and is based on the month end value of your Account(s). The Managed Account Fee may be a flat fee rate; a tiered fee rate; or different fee rates applied to the various types of investments held in your Account. The Managed Account Fee is determined between you and your Portfolio Manager in accordance with our applicable policies.
Examples of Managed Account Fee in a sentence
Fees charged by unaffiliated third party money managers are in addition to the Managed Account Fee and will appear separately on the custodial account statement.