Some might say the financial world is made artificially complex by its main actors because there is just so much money to be made. Many skilled individuals (and plenty of unskilled ones) try their luck here. Unfortunately, there are also many trusting clients who rely on others for their expertise–clients who may be vulnerable to scams by unscrupulous or inexperienced advisers.
As Warren Buffet once said, “Wall Street is the only place where people in Rolls Royces come to ask for advice from people who take the subway.”
Investment advisers can be categorised by how they are paid. They are either fee-based or commission-based. The former charges a flat rate for their services; the latter is compensated by commissions on financial transactions or products they sell you.
丰余资产管理是采用收费顾问的模式，让客户对我们的透明度以及在始终提供高质量投资策略保持信心。我们的客户还会支付绩效费，因此我们就能共同从市场中赚钱。我们常告诉客户：我们的服务虽较贵，但我们的业绩记录表明这样的服务物超所值。
On the other hand, an adviser who is paid by commissions earns entirely based on the products he sells or the accounts he opens. These may include financial instruments such as insurance packages, mutual funds, and brokerage accounts. The more transactions they complete or the more accounts they open, the more they get paid.
This method of compensation is open to abuse as it rewards advisers for such things as active trading, and even selling clients products that are not ideal or even suitable. Of course not all advisers fall into bad ways, and in the end the discretion is entirely up to the client. But as we’ve learned throughout history, systems open to abuse tend to suffer abuse.
在我们看来，管理/绩效收费结构最符合双方的长远利益和目标。有远见的客户会充分意识到这一点。 再次引用沃伦·巴菲特的话说，“市场时好时坏，但手续费从来都没少过。”