It is a multiple of the fees it receives for money under management, So if it manages 1 billion in ETF, it receives an average of 1% as its fee , or 10 mil/yr. Obviously since we are talking settlement we can use a conservative number owed each year of 6-10 million. Since Advisorshares would owe us for the past 5 years I'm conservatively estimating that they would owe us 30-50 million by now. Do the math guys? risk vs. reward Looks great to me! These are real figures. Right now AdvisorShares has $1.28 Billion in ETF, not too long ago they were doing almost 2 Billion.
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