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Expert Advice
Par for the course with any SEC exam will be a request for the adviser’s policies and procedures that were in place during the examination period.
You may have wondered which topics are frequently brought up during SEC Investment Adviser Examinations and where advisers are receiving deficiencies.
Shahrukh Khan is an investment funds lawyer and writer. He advises emerging managers on the formation, management, and operation of private funds. He also advises institutional
investors in connection with their investments into private funds.
It feels as though we have all been waiting eons for EXAMS to release a helpful risk alert for the new Marketing Rule.
The third-party marketing (3PM) industry, much like the broader financial services sector, has undergone significant changes over the past few decades.
Until recently, the challenge for emerging asset managers seeking to grow assets among institutional investors and RIAs was developing and executing a two-pronged approach because they are essentially two different market segments with distinct needs and objectives.
The most common question we receive from clients is “When am I going to be examined?” Unfortunately, there is no crystal ball to predict this for advisers. The best advice we have is to assume it could be any day.
Elite universities with a pitiful track record of working with Latinos and African Americans are heading to Capitol Hill seeking help from minority members of Congress to fend off new taxes and regulations on the money in their tax-exempt endowments.
The first job of emerging managers seeking to grow their investment firms is to deliver performance that is considered to be within the ballpark of acceptance. They have a second job, too. It is their responsibility to educate and persuade prospective investors and those who influence them to understand and buy into how they invest.
