Section 205 of the Investment Advisers Act of 1940 outlines requirements for Investment Advisory Contracts. My recent experience with an investment adviser reminded me to not only look at the rule itself but also to look at other’s work and my own experience having reviewed and audited IMAs for applicability and impact. Here is a...Read More

My recent work with a small investment adviser prompted me to look at what would be some areas that an RIA should look out for. Of course, the list can be extensive and can vary depending on the type of clients, products, etc. I found this risk alert from the SEC’s OCIE to be a...Read More

The SEC continues to identify issues related to compliance with the Investment Advisers Act of 1940’s Advertising Rule.  The latest risk alert from the Office of Compliance Inspection and Examinations notes that some of the most frequent issues are related to Performance reporting. Among other Advertising Rule areas, investment advisers should review performance processes and...Read More