Expectancyoreffort-performancelinkage is theprobability perceived by the individual that exerting a givenamountofeffortwilllead toa certain level of performance.
After years of telling pensions brokerage and sales to managers represent only a small fraction of their businesses, consultants will now argue that while these sources of revenue are significant and even dwarf investment consulting, there is no potential harm to clients since no linkage exists between the substantial sums managers pay them, the managers that are recommended and the performance of funds.