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)
“I have everything in the world that is necessary to happiness, good faith, good friends and all the work I can possibly do. I think God’s greatest blessing to the human race was when He sent man forth into the world to earn his bread by the sweat of his face. I believe in toil, in the dignity of labor, but I also believe in adequate compensation for that toil.”
—Anna Howard Shaw (1847–1919)
“The compensation of a very early success is a conviction that life is a romantic matter. In the best sense one stays young.”
—F. Scott Fitzgerald (1896–1940)