Quicken 2006 Premier, Windows XP/SP2
I have an account holding multiple equities, managed by a money manager that charges a quarterly management fee. I'd like to know what the performance of this account (IRR) is net of his fees. I'd thought this would be simple, but after searching, researching and experimenting (with a test account), I'm dazed and confused. [I think] I understand IRR but I can't seem to make Quicken do what I want.
is a function of the IRR of the underlying securities and the only transactions that impact the account IRR are investment transactions. If I enter the quarterly management fee as a cash transaction, there is no impact on account IRR.
Is there a way to see the account performance (IRR) net of management fees?
TIA
/d