Contributed by coachcoin | April 17, 2006 11:57 AM PST
I've got a friend/client who recently moved abroad to Europe. He's having a hard time with his financial transition and is thinking he might just want to keep his money in America with an American agent to manage it all for him. He asked if I'd be interested. I'm trying to decide what hourly rate I'd have to charge to make this worth it to me. How much should it cost someone to never have to worry about banking except when he/she wants to take money out of the ATM?
He literally wants to email me and say "Move $1000 from Account A to Account B and let me know when it's done."
Let me know what you all think is a good hourly rate to manage someone's banking entirely. I've never done that before.mortgage calculator Enjoy the latest personal finance news and commentary at PFBlog Network.
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People actually do that? Why won't he just manage his American accounts overseas on his own? I'm sure it can be done.
as for you, i have no clue what you should charge, i don't get the whole concept. Well, mutual funds charge about 1%....
Hedge funds a bit more.
I'd say maybe 1% is a point to start from,
just thinking about it.
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