I have $15 million with big Wall Street bank - what's a fair fee for professional management services?

Members of the r/fatFIRE community shared extensive insights on fair Asset Under Management (AUM) fees, revealing a wide range from 35bps to 70bps depending on asset size and management company.

One contribution highlighted the importance of comparing management fees, stating, "The fees you pay can significantly impact overall returns, making it essential to negotiate and research before settling with a firm."

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