acceptible fees for managing accounts

P

ProgrammerGuy

Before I got into the trading game I was a professional poker player. They know that I have created automated day trading models and I have been asked to go ahead and trade for them.

What are some ballpark acceptible fees to charge. Note all trades are day trades.

Thanks
 
The standard rate is 2% per year (0.1667% per month) for a management fee and 20% of net new profits as an incentive fee. In some situations an advisor gets more or less. For example, I run a low capacity daytrading program where the fees vary between 0/40 and 0/50.

M
 
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