Portfolio Lab has the option to subtract advisory fees from the portfolio during backtest.
That way, the presented portfolio performance is closer to what the client would have experienced.
The fees are calculated according to these rules:
- you specify an advisory fee as a percentage of assets, on an annual basis.
- a quarterly fee is collected from the account. The actual fee is the annual percentage you specified, divided by 4 and multiplied by the portfolio value at the end of the quarter.
- if the quarter is incomplete, a prorata is applied based on the number of days.
Details of fees
You may display the list of fees in the Log view.