Compensation
IAs generally are paid in one of the following ways:
- A percentage of the value of the assets they manage
- An hourly fee for the time they spend working
- A fixed fee
Read more about this topic: Investment Advisor
Famous quotes containing the word compensation:
“I do not want to be covetous, but I think I speak the minds of many a wife and mother when I say I would willingly work as hard as possible all day and all night, if I might be sure of a small profit, but have worked hard for twenty-five years and have never known what it was to receive a financial compensation and to have what was really my own.”
—Emma Watrous, U.S. inventor. As quoted in Feminine Ingenuity, ch. 8, by Anne L. MacDonald (1992)
“In compensation for considerable disgust, despondency, and boredom—such as living in solitude without friends, books, duties, or passions necessarily entails—we are given those quarter-hours of deepest communion with ourselves and nature. Those who completely barricade themselves from boredom, barricade themselves from themselves as well: they will never get to drink the most refreshingly potent draught from the their own innermost fountain.”
—Friedrich Nietzsche (1844–1900)
“... the compensation for a death sentence is knowledge of the exact hour when one is to die. A great luxury, but one that is well earned.”
—Vladimir Nabokov (1899–1977)