Regulatory Alerts2016-05-24 | 2016-12167Added · Updated
Performance-Based Investment Advisory Fees
The Securities and Exchange Commission intends to issue an order adjusting the dollar amount thresholds in Rule 205-3 under the Investment Advisers Act of 1940 to reflect inflation. The order will maintain the assets-under-management test at $1,000,000 while increasing the net worth test for qualified clients from $2,000,000 to $2,100,000. This adjustment is mandated by the Dodd-Frank Act and utilizes the Personal Consumption Expenditures Chain-Type Price Index to determine the new thresholds.
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