Prior to the Board's action, the Fund's investment advisory fee
consisted of a "Basic Fee" at an annualized rate of 1.
30 /PRNewswire/ -- The Vanguard Group of Investment Companies has announced a series of reductions in the advisory fee
schedules for 17 of the mutual fund portfolios in the Group.
Instead, the Trust will pay the Advisor an advisory fee
that compensates the Advisor after shareholders receive the first 8.
This Comment recommends ways to augment mutual fund advisory fee
disclosure requirements by including structured illustrations of fund performance and fees, as well as detailed discussions justifying recent changes in such fees.
Thus, to the extent the taxpayer can demonstrate that a portion of the financial advisory fee
relates to services (other than inherently facilitative services) provided by the financial advisers before the bright-line date, the taxpayer can deduct that portion.
Nonetheless, anonymous sources tell the JofA that fees for fairness opinions often amount to about 25% of the advisory fee
on a deal, although that may vary according to the deal's size.
This further voluntary waiver is now being extended for another year and at a greater fee reduction level so that the annual rate of the advisory fee
on the first $200 million of the Fund's average weekly net assets is reduced by an additional 0.
John Hancock Classic Value Fund reduced its advisory fee
rate by four basis points across all breakpoints, which investors will realize immediately.
The Court noted that there might be investment advisory fees
that would be fully deductible "if an investment advisor were to impose a special, additional charge applicable only to its fiduciary accounts" or that a trust might have an unusual investment objective or require special balancing of the beneficiaries' interests, in which case the incremental advisory fee
, beyond what would have been charged to an individual, might be fully deductible.
In 2008, for example, Olympus paid a $687 million advisory fee
on its $2.
together, the "Julius Baer Funds") announced to shareholders a clarification of the description included in the Proxy Statement dated March 10, 2008 ("Proxy Statement") with respect to the frequency of investment advisory fee
the Fund") is revising the previously reported net asset values ("NAVs") for the Fund from June 30, 2004 thru July 15, 2004 to reflect the current estimate of the Fund's performance-based investment advisory fee