Asset management firms receive their compensation ________ from management fees charged based on the market value of the assets managed for clients.

Question

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Asset management firms primarily receive their compensation from management fees charged based on the market value of the assets managed for clients. Other sources of revenue such as performance fees, commissions, and advisory fees may contribute to their revenue, but management fees are the primary source of compensation.

Asset Management Firms Receive Their Compensation ________ from Management Fees