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What are hedge funds? A hedge fund has a lot in common with a standard actively managed mutualfund. Like a typical mutualfund , it pools the money of investors, and its managers decide how to invest that money. Hedge funds tend to charge significantly higher fees than mutualfunds.
And I'm thinking like custody mutualfunds fixed income products, CDs. We're rolling out products to companies and our business even though we're in financialservices, is technology at its core. And I wouldn't over-index on their feestructure at this point. Operator Thank you.
I think we might see an erosion of the feestructure that's traditionally associated with wealth management assets under management between now and this 2050 year that you mentioned. Discover FinancialServices is an advertising partner of The Ascent, a Motley Fool company. Ricky Mulvey: Let's pick your mind.
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