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Friends and Family Asset Management


Packer16
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I'm intersted in how people set these accounts up also and what kind of fee being charged.

 

For me personally the AUM is so low that I do not charge a fee or anything.  This is mainly so they can get a real feel of what I'm like regarding investments and if our temperment is a match with each other. Everything stays in individual names and I just have access to the accounts through a power of attorney. 

 

The accounts are small enough that if I completely blow it, the loss doesn't cause any real damage to their overall net worth or standard of living.

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