Regulatory Alerts2021-05-17 | 2021-10164Added
Performance-Based Investment Advisory Fees
The Securities and Exchange Commission intends to issue an order adjusting the dollar amount thresholds in Rule 205-3 to reflect inflation. This adjustment increases the minimum net worth for a qualified client from $2,100,000 to $2,200,000 and the assets-under-management test from $1,000,000 to $1,100,000. The changes are mandated by the Dodd-Frank Act and apply to advisory contracts entered into on or after the order's effective date.
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