RoseMarie hires a fee-only financial advisor to manage her portfolio, which is currently worth $10,000. The advisor charges an annual fee of 2%. If the portfolio loses 10% in 1 year and loses 15% the following year, how much in fees will RoseMarie pay over the 2 years? Assume the fee is paid on the portfolio value at the end of the year and is deducted from the account at that time. $330. $360. $400. $0, since you do not have to pay management fees if the manager cannot generate a positive return.