State Overview: Blank

Basis Points (bps): Investment fees are usually quoted as a percentage of assets.  For example an investment manager may charge a 0.75% fee to manage the money that you have with the firm.  The term ‘basis point’ is an easier way to say small numbers by moving the decimal point two places to the right. so 0.75% = 75 basis points, for the simple reason it is easier to say out loud “seventy five basis points” than “zero point seven five percent”.