Gray will succeed Winestock in joining the Committee comprised of the companyâs 12 most senior executives. In his new position, the 51-year-old Gray will join UPSâs Management Committee, comprised of the companyâs 12 most senior executives.
Assets Under Management (AUM) Assets under management (AUM) refers to the total market value of investments managed by a mutual fund, money management firm, hedge fund, portfolio manager, or other financial services company. AUM generally changes according to the flow of money into and out of a particular fund or company.
An assets under management (AUM) fee for the total value of the accont. I think the standard arrangement with Morgan Stanley is about 1.5% per year for accounts under $1 million. My advisor offered me only 1% even though this particular account at that time was around $400k.