If Bob was a licensed fiduciary and charged 1%, he would have made around $75K. This isn’t something where he bought 4 stocks and let them ride or where 1 stock makes up the lion’s share of gains. He actively manages the accounts, usually owns about 3 stocks at a time, has sold out of falls, bought in to rebounds, and has really made some smart decisions.

I figured somewhere slightly under the 1% fiduciary charge would be a really nice gesture and would easier to swallow once Jill takes into account just how much Bob made for her.