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.
There can also be additional fees for trading costs and underlying investments. Some advisors include comprehensive financial planning and asset management under the assets under management (AUM) fee. This is still the most common type of fee I see charged by registered investment advisors (RIAs). Many of which have investable asset minimums of $500,000 or $1,000,000 to get started. A 1% fee on $1,000,000 means you are charged $10,000 per year.