Family Office Definition: Assets Under Management
Assets Under Management definition: Assets Under Management (AUM) is the method by which most family offices are paid by their clients. The client receives all-inclusive, comprehensive services and pays a set percentage based on annual asset size. Other methods of payment are hourly fees, fee for specific services, or a retainer fee. Fees paid for family office services, tax services, and investment management are tax deductible from income taxes.
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