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Transaction-based fees are a form of self-dealing. We don’t want self-dealing within the context of a fiduciary relationship, but, without it, our financial markets could seize up and die. (Photo: Shutterstock)

Back before 1215 A.D., when crusading knights sought to fulfill their spiritual pledge, they would leave their families and their farms for extended periods of time. To safeguard what they left behind, the crusaders selected proxies to watch over their hometown property and kin. Most often, the default proxy was King John or someone allied with King John.

Christopher Carosa

BenefitsPRO

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