There is no reason to pay active management fees for what is essentially an investment which tracks broad market indexes. (wisemoneytips.com)
The entire group of investors will earn the market rate of return, and the average will be negatively offset by active management fees that are higher than index fund fees. (millennialinvest.com)
These two factors lie behind most of the losses that retail investors suffer over the long run, not active management fees. (alephblog.com)