[Alberta's Child]

Then you have a problem with your financial advisor. You need another financial advisor, not a stupid Department of Labor rule.

And if "they all do this," then do what I'm doing right now and ditch the financial advisor completely.

[LambSlave]

I don’t want to add rules, I want to take away the rule that advisors can’t do straight percentage of gains. They claim this is a violation of some Depression era rule on fiduciary obligation, unless they are operating on pooled assets (hedge fund, for example). Maybe they are lying, but I get the same answer from all of them.