Anna Nicole Smith

The momager is a Hollywood hybrid of mother and manager. And like any other hired help, they make a salary, or take a nice cut of their little one's earnings, for their troubles.But industry insiders say it's this conflict of interest – wanting what's best for your kid, but also wanting what pays the most for you – that makes being a momager way too risky a proposition."Parents, when and if possible should trust their children's careers in the hands of trained professionals who manage talent for a living," Los Angeles-based talent agent and co-founder of online casting service GotCast, Alec Shankman, told FOX411's Pop Tarts column. "The parents don't have to entirely hand over the reins altogether, but the kids still need parents at home for an entirely different type of support than Hollywood can offer."Cautionary tales are many.In the 1970s, momager Teri Shields marketed her model daughter as Brooke Shields & Co. and came under fire for urging her then minor-aged daughter to appear n...

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