management fee

Management Fee

A fixed fee that a mutual fund manager charges investors for his services and work with the fund.

Notes:

The management fee is the cost of having your assets professionally managed for you.

See also: 12b-1 Fees, Expense Ratio, Fund Manager, Mutual Fund

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Management fee

An investment advisory fee charged by the financial adviser to a fund typically on the basis of the fund's average assets, but sometimes determined on a sliding scale that declines as the dollar amount of the fund increases.

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management fee

The money paid to the managers of an investment company. The fee is generally based on a percentage of the net asset value of the fund, with the percentage becoming smaller as the fund's assets grow larger. Fees vary considerably among firms but average about one half of 1% of assets. A fund's management fee must be listed in its prospectus and can be found in a number of publications. Also called advisory fee.