Wrap Fees vs. Seperately managed accounts at places like Merrill, UBS
So I'm looking into the RIA business, and trying to market our wrap program. We charge roughly 2%, for under 500k. And I'm having trouble comparing to places like JP Morgan Chase that charge 1.5% for their managed accounts under 500k. Do managed accounts at the big brokerage accounts have hidden fees that will push it over 1.5%? Or are we just more expensive? |