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%.
Stock Mutual Funds. Many mutual funds require a minimum investment of $25 to $1,000. Because mutual funds charge you fees based on a percentage of your investment, your costs will be low in proportion to your investment amount. For example, if a fund charges you 3 percent of your investment as a sales charge and you start with $25, you would only pay 75 cents as a fee to get started.