You may add a management fee to your clients investments a few different ways. In this article we'll review:
1) Adding a management fee to your preset portfolios
2) Adding a management fee to the clients overall investment portfolio (using Scenario Assumptions)
3) Adding a management fee to a specific account (RRSP, TFSA, Non-Registered etc.)
To add a management fee to your preset portfolios, you're going to head over to Advisor Settings > Portfolios
When you land on the Portfolios page, simply use the slider to select the portfolio you would like to change (we're editing the Conservative portfolio above)
From here, enter the Management Fee Rate in the box above, and hit save.
You will now see that management fee reduce the investment rate of return to get your Net Investment Rate of Return.
If you want to add a management fee to a specific client profile or account without updating your default settings, you may do so in 2 places.
1) Under the "assumptions" in Financial Insights, you can select the check box "use custom asset allocation", from here you may select an asset allocation for the client (both pre retirement and post retirement) and add a management fee in (this asset allocation would apply to all of the clients investments)
2) You may also assign a custom asset allocation with a management fee to a specific account utilizing our toggle system. Hit "Add Toggle" and select Savings/Investments for your category. You will see a "detailed account asset allocation" toggle. From here you may set the pre and post retirement asset allocations, and apply a management fee.
