Displaying 54 results
Industry groups get creative to gain political influence
The FPA used Jan. 6 to rethink its approach. Other associations use various methods to be heard.
SEC meets strong industry resistance on advisor outsourcing proposal
Critics say the measure's due diligence and monitoring requirements for third-party providers of portfolio management and other services are unnecessary given advisors' fiduciary duty.
The ESG rule, the SEC and sustainability
If SEC Chairman Gary Gensler can engage with potential opponents while keeping advocates on the SEC’s side, ESG could score more policy wins next year.
Lawmakers drop adviser AML provision from defense legislation
The Investment Adviser Association lobbied against what it called an 'overbroad' regulation for advisers whose business models don't create money-laundering risks.
IAA members encourage lawmakers to kill AML rider, pass Secure 2.0
The organization representing SEC-registered advisers held its advocacy day on Capitol Hill on Thursday.
SEC’s Gensler says investors don’t distinguish between advisers, brokers
The agency's chair implies at an Investment Adviser Association conference that investors should receive best-interest advice regardless of which type of financial professional they work with.
Policymakers should tailor regulations for small businesses
The SEC's proposed cybersecurity rule is an example of a one-size-fits-all regulation that would significantly affect smaller firms.
Overreach or on point? Gensler’s agenda debated
The SEC's rulemaking roster includes 27 in the proposal stage and 26 in the final stage — giving everyone plenty of favorites and targets.
IAA snapshot portrays a thriving RIA sector
The number of registered investment advisers, the clients they serve and the assets they manage all reached records in 2021, according to the Investment Adviser Association.
Policy trumps democracy for most lobbyists ahead of midterms
Many trade groups representing financial advisers have donated to at least one lawmaker who objected to certifying the 2020 presidential election.
Trade associations raise concerns about SEC’s cybersecurity proposal
Investment Adviser Association, American Securities Association say advisers need more than 48 hours to report breaches to SEC.
If regulators want meaningful feedback, bring back 60-day comment periods
Stakeholders must have enough time to analyze and provide a reasoned response in order to provide helpful input on proposed regulations.
SEC marketing rule causes advisers most compliance concerns
Even though advisers don’t have to comply with the rule for more than a year, it ranked as the hottest compliance topic, according to a survey; cybersecurity and climate change/ESG were other areas worrying advisers.
Why adviser groups won’t completely shun lawmakers who voted to overturn the 2020 election
The Investment Adviser Association isn't giving to the 147 legislators who voted to decertify presidential results. The Investment Company Institute has suspended donations for now. Other groups left the door open.
Larger RIA firms growing fastest, IAA finds
There are now almost 14,000 RIAs registered with the SEC, and the number of clients they serve grew 17% in 2020, to 60.8 million
Advisory business making progress on diversity, but slowly
Only 16% of advisers are women, while 3.8% are Hispanic, 2.6% are African American and 2.1% Asian, according to a study by Cerulli Associates and the Investment Adviser Association.
Clock starts ticking on November 2022 compliance for SEC ad rule
The 430-page rule updates the agency's marketing oversight for the first time since 1961 and applies to social media communications.
Record increases in assets and job growth for RIAs
Total assets under management were $97.2 trillion, a 16.2% jump from 2018, according to the Investment Adviser Association
Outspent by Wall Street, investor advocates focus on educating lawmakers on advice issues
One goal is to fortify Democratic opposition to Reg BI
Business continuity planning is top compliance concern for advisory firms
Issue eclipses cybersecurity for first time in six years in the Investment Adviser Association survey
