Account Fee

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Dear Mr. Beiley:

I have recently placed an amount of money with a manager who uses it to buy a
basket of stocks. Some of the account remains in a money market. I pay no
transaction fees on the stock purchases and sales but I pay a quarterly fee.

I have been tracking the status of the account using FundManager. When the
manager takes his fee and I include this fee as an Account Fee in FundManager,
it appears to decrease the "cost" of the portfolio in the cost vs. value graph.

Is this the right way to handle this matter. It seems to me that the account
fee should decrease the "value" of the portfolio (the fee comes out of the money
market account) but not its "cost". Is there some way to get Fund Manager to do
this?

Thanks in advance.

R. Berliner

Replies:

• Re: Account Fee Mark 17:20:24 12/03/00 (0)