Equity returns have been disappointing, and the fees earned by fund managers look harder to justify as a result.

股市回报让人失望，因此基金经理的收费也看起来不那么合理。

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Such commissions could be construed, in effect, as part of the underwriting fees earned by the bank.

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It represents the average fees earned by this division as a percentage of the total assets that it has under management.

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Fees earned by lawyers are not fully disclosed and neither are conflicts.

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