too bad every one is worried now after the horse is out of the barn .
years ago we had a problem with central pa teamsters fund and we fought hard for our.
when we were starting our fight we contacted guys from central states for more support to fight these guys running the plan .
we were told that they had it made and did not want to make waves ..
now i just recieved a letter saying central pa is 89% funded and got a 4% raise in my monthly check.
you cant pay some one a flat fee like central states does to invest your money . they need to earn it by being payed a % of what they make for you if they dont they dont get payed
I'm not saying it doesn't exist, but I never heard of a financial adviser working with a fee arrangement based on a percentage of gain. They typically work on a percentage of total asset value or a flat fee type of arrangement. Usually flat fee is best since it eliminates the incentive for them to invest in assets where they earn the highest commissions rather than where the returns are best.