The management fee is an annual fee that is charged in small proportions daily to users who hold Digital Portfolios. Digital Portfolio Experts profit from the management fee for their services in managing the Digital Portfolio. Digital Portfolio Experts can set the yearly management fee between 1 and 10%.
You can check specific Digital Portfolio management fees here by clicking on a specific Digital Portfolio.
For example, if the Digital Portfolio management fee is 3%, a portion of the management fee is charged daily from total AUM (assets under management). Formula for management fee: 3%/365 = daily charge (3%/365 = 0.00821% per day). This does not change the number of Digital Portfolio units a Digital Portfolio investor is holding.