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A comment on I Stop Celebrities from Blowing Their Money. Parent comment

Re:I Stop Celebrities from Blowing Their Money by hkmurakami on Friday June 22, 2018 @01:56AM (#17371718)
At 5% AUM, you might as well put it in cash, when you consider risk adjustmentd and post tax investment returns.

But skimming this article, it's not just investment returns really. I guess these people really are liable to blow all their money on stuff off left to their own devices.

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Re:I Stop Celebrities from Blowing Their Money by vostok on Friday June 22, 2018 @01:57AM (#17371724)
I think 5% of AUM would be a fee based advisor or a wrap account.

If it's 5% commission then it's 5% of each transaction.

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