fees

I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable?

I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable?

Is your financial planner charging you too much? Getty Images/iStockphoto Question: I am currently a customer with a large bank and have about $950,000 invested in the markets through them. I am being charged over $1,100.00 per month for management fees. Is this a reasonable amount? Answer:  Paying $1,100 in monthly fees on a managed …

I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable? Read More »

Port of New York and New Jersey adds fees for ocean carriers as shipping containers pile up

Port of New York and New Jersey adds fees for ocean carriers as shipping containers pile up

The Port of New York and New Jersey announced new tariffs on Tuesday related to empty containers and export volume in its battle to decrease container congestion. Both loaded and empty containers that are considered long-dwelling will be subjected to a quarterly “container imbalance fee.” The tariff will be effective as of September 1, pending …

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Netflix loses 970,000 subscribers, says ads and new fees are key to recovery

Netflix loses 970,000 subscribers, says ads and new fees are key to recovery

Netflix yesterday reported a loss of 970,000 paid streaming subscribers in its Q2 earnings after having lost 200,000 customers in the first quarter of 2022. The company’s worldwide paid memberships decreased from 221.64 million to 220.67 million in Q2, and revenue growth has slowed dramatically. It’s the first time in Netflix’s history that the company reported …

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This common money move costs retirement savers $45.5 billion in investment fees, earnings over 25 years

This common money move costs retirement savers $45.5 billion in investment fees, earnings over 25 years

andresr | E+ | Getty Images IRA rollovers are common for job switchers, retirees Investors rolled $516.7 billion from workplace plans into traditional IRAs in 2018, the latest year for which data is available. That’s nearly 28 times more money than as contributed to traditional IRAs that year. A Pew survey from 2021 found that …

This common money move costs retirement savers $45.5 billion in investment fees, earnings over 25 years Read More »

The SEC is trying to reshape the US stock market - but that could mean retail investors will have to start paying fees on trades again

The SEC is trying to reshape the US stock market – but that could mean retail investors will have to start paying fees on trades again

Proposed changes to market-structure rules could lead to retail investors paying commissions on trades again.  SEC Chairman Gensler Gensler is proposing the agency consider sending retail stock orders to auctions.  The payment for order flow system is back under scrutiny.  Loading Something is loading. The Securities and Exchange Commission is aiming to shake up the …

The SEC is trying to reshape the US stock market – but that could mean retail investors will have to start paying fees on trades again Read More »