Investors who brought large balances to the table at brokerages or mutual fund companies have enjoyed breakpoints over the past few years. But with the market declining, many of those breakpoints will no longer apply, The Wall Street Journal reports.
Clients can be experiencing higher fees, said Rudolph Bayer, senior vice president of business development at
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Thus, an investor with $1 million or more would have paid about 2.44% in fees. Now, with the market down more than 50%, that investors fees would have climbed to 2.75% due to the depreciation in their account.