After you have paid a 15% government tax (30% for high earners) on contributions, fund managers then take their commission and extract an annual management fee for the privilege of managing your money.

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For me, exploring the art of management has been an extraordinary privilege and incredible fun.

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William Ackman charges his investors rich fees for the privilege of parking their money at his Pershing Square Capital Management hedge funds.

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As Founder, President and Chief Investment Officer of SICA Wealth Management (SWM), I have the privilege of advising clients manage assets that have taken some a lifetime to accumulate.

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Since the major role of business management is identification and mitigation of risk, Least Privilege is a powerful tool in our arsenal.

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He did charge me a 4 percent commission for the privilege to turn my money over to the Special Situations fund team, which charged another 2 percent annually for management fees.

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He did charge me a 4 percent commission for the privilege of turning my money over to a Special Situations fund team, which charged another 2 percent annually for management fees.

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