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Posted by Fred Smith on March 8, 2007, 8:07 pm
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If the management fees are charged to the account, Quicken will report the
return net of fees.
If you are paying the management fees separately, the simple method to get the
return net of fees, is to subtract the fee from the gross. If Quicken reports
you made 10% in the account, and the fee is 1%, your net return is 9%.
--
Regards,
Fred
> Quicken 2006 Premier, Windows XP/SP2
>
> I have an account holding multiple equities, managed by a money
> manager that charges a quarterly management fee. I'd like to know
> what the performance of this account (IRR) is net of his fees. I'd
> thought this would be simple, but after searching, researching and
> experimenting (with a test account), I'm dazed and confused. [I
> think] I understand IRR but I can't seem to make Quicken do what I
> want.
>
>>From researching and experimenting it looks like the IRR of an account
> is a function of the IRR of the underlying securities and the only
> transactions that impact the account IRR are investment transactions.
> If I enter the quarterly management fee as a cash transaction, there
> is no impact on account IRR.
>
> Is there a way to see the account performance (IRR) net of management
> fees?
>
> TIA
>
> /d
>
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