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Recommend to clients that they pay their consulting fee through the affiliated brokerage.
FORBES: The Duty To Investigate Pension Consultant Conflicts (September 1, 2001)
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The bigger error: carried interest is profoundly different from a consulting fee.
FORBES: An Insider Perspective On Carried Interest
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As we have written in earlier articles, the kick-backs from managers frequently dwarf the annual consulting fee paid by the pension that is disclosed to the client.
FORBES: SEC Scrutiny of Pension Consultants: A Call To Action (February 28, 2004 )
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You'd think with the way we're covering Vivitar cams this weekend (two posts already, which is just as many as they've gotten in the entire history of Engadget) that their execs might be paying us off or something, but we really don't consider partial ownership of the company to be a payoff- more of a consulting fee.
ENGADGET: Vivitar intros 6 megapixel 6150s and 8 megapixel 8600s at PMA
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The agreement required Andersen Consulting to pay Arthur Andersen an annual fee, and stipulated a prohibitively expensive fine if the consultants ever sought to break loose.
ECONOMIST: Andersen’s android wars | The
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However, large plans are known to retain an investment advisor that charges a flat fee or a percentage of the assets for investment consulting and advisory services.
FORBES: Another Perspective on the Shifting 401(k) Landscape: David Witz of Fiduciary Risk Assessment LLC (March 20,2008)
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Given the ease with which data regarding fees can be compiled, we began to suspect the lack of in-depth fee information might be due, in part, to conflicts of interest in the pension consulting industry.
FORBES: Why Pension Investment Advisory Fees Are So High (January 1, 2003 )