PEOPLE OVERVIEW. The 2016 Redwood City, California, population is 85,288. There are 4,385 people per square mile (population density).
In addition to paying the portfolio manager's salary, the management fee covers the cost of the investment manager's staff, research, technical equipment, computers, and travel expenses to send analysts to meet corporate management. While fees vary, the average equity mutual fund management fee is about 1.40%.
1) As the name implies, these fees wrap-around all the assets in the plan and are in addition to any investment management or itemized fees charged by the investment product. For example, a participant who pays a 1.0 percent wrap fee on a $100,000 retirement account invested in mutual funds would spend $1,000 for the wrap fee and the 0.20 to 2.0 percent the mutual fund charges.