"I'm not saying you should buy a new insurance policy for that purpose, " cautions Glenn Daily, a fee-only insurance consultant in New York.

WSJ: Turn Life Insurance Into an Investment

Second, a consultant may receive an agreed upon fee (in addition to an annual retainer) for special projects, such as manager searches or brokerage studies.

FORBES: Compelling Pension Consultant Disclosure (June 1, 2002 )

Pension consultants are increasingly recommending that their clients invest in funds of funds of funds whereby the consultant is paid an asset based fee to select and monitor the funds of funds that, in turn, select and monitor the actual managers.

FORBES: Pensions Perilously Binging Upon Hedge Funds, Funds of Funds and Funds of Funds of Funds (March 20, 2007)

First, a consultant may receive an expressly stated annual contractual fee or retainer.

FORBES: Compelling Pension Consultant Disclosure (June 1, 2002 )

Any crisis PR consultant worth her retainer would certainly advise him to decline the fee and the terrible optics that go along with it.

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Therefore limiting damages to the amount of the annual fee paid directly by the fund is a real win-win for the consultant.

FORBES: Actuarial Limitations of Liability? (LOL) Laugh Out Loud! (December 1, 2002 )

Peter Ridsdale, who has taken on the role of football consultant at Plymouth, told BBC Spotlight that the club would not be disclosing the size of the fee.

BBC: Noone joins Brighton & Hove Albion from Plymouth Argyle