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What is a subscription-based strategy and an asset-based strategy?

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What is a subscription-based strategy and an asset-based strategy?

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A subscription-based strategy is one in which you pay directly to the timing service a subscription fee. An asset-based strategy is one in which you do not pay the timing service a subscription fee, but rather an additional charge of 1 percent per year is assessed against your account. The developer of the strategy is paid out of that charge.

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