SEC rule would raise the threshold for performance-based fees

05/13/2011 | Financial Advisor online

The Securities and Exchange Commission is asking for comments on a proposed rule that would raise the threshold for when registered investment advisers could charge performance-based fees. The SEC is required to adjust the level to account for inflation as part of the Dodd-Frank Act. The new rule would raise the requirement for qualified clients to $1 million in assets under management and a net worth of $2 million. The shift is expected to disqualify roughly 195,000 households from performance fees.

View Full Article in:

Financial Advisor online

Published in Brief: