Share and Share Alike
Tom Petruno’s “The Right Way to Pay for Financial Advice May Not Be the Obvious One” [Market Beat, Sept. 14] talks of three ways to pay for financial advice: upfront load, flat fee or percent of assets handled.
A method which I favor, probably not available, would be a shared deal in which the “pay” consists of a percentage of the profits or losses. This would really provide an incentive for the advisor to perform.
PETER R. McGOWAN
Long Beach
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