Category Archives: Fee Audit

Join Our Webinar – Auditing Investment Advisory Fee Calculations, Deductions & Refunds

September 21, 2009

Earlier this year, the U.S. Securities and Exchange Commission (“SEC”) proposed new requirements for registered investment advisor firms that have custody of clients funds and securities. According to current SEC Rule 206(4)-2, Custody or Possession of Funds of Securities of Clients, custody is defined as “holding, directly or indirectly, client funds or securities, or having any authority to obtain possession of them. Custody includes –

Continue Reading