There are two types of fees that might apply to your managed account:
Performance Fees: They are due in favor of your Asset Manager whom you authorized to trade on your behalf and is a set percentage of the profits determined by the Asset Manager and you agree to it upon signing the LPOA form.
Management fees: are due in favor of the Asset Manager whom you authorized to trade on your behalf, and it is a percentage of the funds for management of your capital, regardless of the profit or loss realized on the account.
Management fees: are due in favor of the Asset Manager whom you authorized to trade on your behalf, and it is a percentage of the funds for management of your capital, regardless of the profit or loss realized on the account.
The asset manager also determines the due date of fees, either monthly, quarterly or annually, and the calculations are verified by us before they are automatically transferred to the asset manager's account.