What we think

Do you Aggregate Account Fees?

by Peter J. Creedon

Yes. For the benefit of discounting the asset‐based fee, we will aggregate investment supervisory services accounts for the same individual or two or more accounts within the same family, or where a family member has power of attorney over another family member’s or incompetent person’s account. Should investment objectives be substantially different for any two or more household accounts, requiring different investment approaches or operational requirements, fee schedules may be separately applied. We will inform the client in advance whether a third‐party investment manager(s) will allow for account aggregation for the purpose of fee discounts.