Account Minimum
Categories: Accounting, Banking, Company Valuation, Investing, Mutual Funds, Trusts and Estates
Think: minimum balance. At a retail bank, the minimum balance to not be charged some annual fee might be $500. At Goldman Sachs, in their personal private wealth management services, that minimum is ten million bucks. Think of it as a hurdle that says, "you're welcome to the club...now we'll charge you a special price. Full price."
