10 notable facts about investment advisers
Compact models still in*
10,511 investment advisers are registered with the SEC. Despite Dodd-Frank, which requires firms with $100M in AUM or less to switch to state regulation, 1,245 small-sized advisers remain registered with the SEC. How? They operate in states without regular audits or have sufficient assets — $90M - $100M — to choose to stay under SEC supervision.
(*Source: The Investment Adviser Association/National Regulatory Services, which analyzed advisers’ regulatory filings through July 16, 2012.)