Definitions for "Management fees"
A fee, paid directly from the assets of a mutual fund, to compensate the fund's investment advisor for managing the fund's investments.
Are fees charged against a mutual fund by the managers to pay them for their services and expenses. The fees are usually made against the assets of the fund, not the individual investor.
The fees collected by the general partner of a limited partnership to pay to itself and/or to entities it may engage to manage the business affairs of the limited partnership or to perform some service for the limited partnership.
Keywords:  less, someone, account, pay, your
what you pay someone to “manage” your account. Usually less than 1%.