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Private companies operating public schools on contract now demand fees equal to what public schools spend.
The average actively managed fund charges annual fees equal to about 1.3percentt of the fund's assets, while good indexers charge less than 0.2percentt.
AT&T spends about $11 billion a year on these local connection fees, equal to about one-third of the company's annual revenue.
They typically charge annual fees equal to 2percentt of their assets under management, and take a 20percentt cut of any profits.
They are paid fees equal to, and sometimes considerably more than, a classroom teacher's hourly wage (but a fraction of what a unionized orchestra member would receive).
Managers typically collect annual management fees equal to 2percentt of the assets in their funds, and, on top of that, take a 20percentt cut of any profits.
Similar(38)
But the law also lets landlords collect a fee equal to 1percentt of the total amount on deposit each year.
In private equity, for example, many managers charge a fee equal to 2% of assets and 20% of profits.
Buyers pay a fee equal to 1.5percentt of the purchase price to register the property in their names, plus an administrative fee of 750 kronor ($91).
A fee equal to 1percentt of the sales price of an apartment, however, appears to be more like a flip tax than an administrative fee.
The company gets a posting fee and, if the problem is solved, a "finders fee" equal to about 40percentt of the prize.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com