Executive Summary
Fee Trading
I work at a Financial Planning Firm
named Merrill Financial Associates. We help people decide how to allocate their
money for optimal performance and minimal risk.
We are also concerned with making sure that client’s investments are
liquid so that they can access them when they need them. We are a fee based advisor
ship, with our yearly rate being 1.5% of a client’s portfolio. We manage over $115
million, with estimated growth in the next 10 years between $200 and $300
million. In order to charge a fee from a
client, which we do quarterly, there must be cash in their account. Often this
means we must sell a portion of their holdings to pay for the fee. I am tasked
with doing this, and it can be very time consuming. This project will probably
save me about 3 days or work per quarter. I have automated the process of
finding short accounts, finding necessary holdings, and deciding whether those
holdings are suitable for sale.
Here is the URL for the actual Fee Trading Workbook and the full
write up:
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