Performance Monitoring Financial Advisor monitors on investor's behalf. Financial Advisor monitors on investor's behalf. Investors must monitor on their own. Tax Planning Investors have some control over the timing of capital gains. Investors have little control over the timing of capital gains.
Investors have little control over the timing of capital gains.
Redemption Requests Investors are not affected by the actions of others who use the same manager. Manager may be forced to sell securities at undesirable prices to raise cash to meet redemption requests. Manager may be forced to sell securities at undesirable prices to raise cash to meet redemption requests. Subsequent transaction costs are paid either by paying commissions on individual trades or by paying an asset-based fee on a quarterly basis. In addition to covering transactions, these fees encompass reporting, custody and the services of a Financial Advisor as well.