I'd have to agree with this infographic, as much as I don't want to admit it. But I'm personally not a fan of the fund managers in the upper echelons making their money by management fee's instead of true trading performance and prowess. ...I look more highly upon the relatively rare independent traders who turned their small seed money accounts into huge sums.
Yea, that 6% adds up, and they come back with it is staff pay, yea, theirs, LOL and they make it whether they make money or lose it. Brokerage houses will keep the 6% then hire a good trader but only allow them to use 10% of the account, brokerage don't want to lose capital and certainly don't want to risk part of their 6%. Yea, I got caught up in this long ago, waste of time and very stressful. Nothing better than working for yourself.