RIA- billing question
I am looking to become an independent RIA who predominately trades the futures market. My plan was to charge an annual management fee and a performance fee (% of profits). After doing some research, the state (PA) does not allow you to bill based on performance. Is there any other way to charge additional fees to make the potential I had with performance fees?
Many different methods exist in terms of fee billing. Attached is a document you might find valuable on the subject. Best wishes to you.