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The largest is adviser fees, which totaled $21 billion or 0.52percentt of assets.
"These exercises can in the wrong hands become fishing expeditions that are costly in terms of adviser fees and management time," says Simon Bishop of RBB Economics, a consultancy.
Walking away from the AIA deal left Prudential with a pre-tax bill of £377m, which was made up of a termination break fee of £153m, underwriting fees of £58m, adviser fees of £66m and foreign exchange hedging costs of £100m.
And in 2008, when Olympus acquired the British medical equipment company Gyrus and paid 68.7 billion yen ($892 million) in adviser fees partly to a company incorporated in the Cayman Islands, some of those fees were transferred to investment funds with organized crime links, the memo said.
It said it took a £3.1m charge related to professional adviser fees in connection with its stock market listing.
The charts display the fact that almost all of Nomura's equity underwriting business and merger and acquisition adviser fees come from clients in Japan.
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The adviser fee is 1percentthethe 12b-1 fee is 1percentt.
The trick for DIY investors is to buy through an online seller, pay the 0.75% manager fee and the platform fee of 0.25% but try to get the 0.5% adviser fee back into your fund, and scout around for managers who charge less than 0.75%.
That board then negotiates the advisers' fees.
So was a decision in March, on mutual fund advisers' fees, that was, nevertheless, vague enough that both sides plausibly could and did claim victory.
Mothercare launched the rights issue, which will net £95m after advisers' fees, two months after rejecting a £266m takeover approach from Destination Maternity of the US.
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CEO of Professional Science Editing for Scientists @ prosciediting.com