New adviser model rules possible
The North American Securities Administrators Association Inc. in Washington is mulling proposed model rules that would affect investment advisers.
The North American Securities Administrators Association Inc. in Washington is mulling proposed model rules that would affect investment advisers. Unveiled in July, the rules would require clients to have a net worth of at least $1.5 million, up from $1 million, for advisers to charge performance fees. Clients also would need a minimum of $750,000, up from $500,000, in assets under management to pay such fees. For details, visit nasaa.org/issues_answers/regulatory_activity/9051.cfm.
Learn more about reprints and licensing for this article.
