The staff of the SEC had already required mutual funds to disclose in footnotes to the feetable, financial highlights table and financial statements, their participation in such arrangements.
Today, the financial planning industry has created a model where the advisor and client sit on the same side of the table with fee-based asset management rather than commissions for trades.
The OpenTable online reservation service is free for diners, but restaurants are charged a reservation fee for each diner who reserves a table using the OpenTable system.
Among the tax options on the table, which also include a global financial transaction fee (called a "Tobin tax" after Nobel-winning economist James Tobin, who proposed a tax on foreign-currency transactions in the 1970s) and a Bonus Tax, a risk-based fee is the most efficient solution.