And even this can be a problem. A salesperson/advisor who is compensated based on the growth of the portfolio has a built-in interest in recommending high beta products. If the portfolio zooms up, the advisor does very well. If it plummets in value, he loses nothing, but the client can lose his whole stash.Rule #1: Never do business with ANY financial planner or investment product salesperson unless their economic interests in your business are aligned with the growth of your portfolio.
Better to compensate the advisor based on the value of the portfolio. Better still to pay them for their time and expertise. Best yet: Do it yourself, getting assistance when you run short of knowledge.