SEC Hot Topic: Compliance Tips for Evaluating Your Firm's Advisory Fees and Expenses

Описание: Advisory Fees and Expenses continue to remain a top SEC examination focus area. In its 2018 Risk Alert, “The Most Frequent Advisory Fee and Expense Compliance Issues Identified in Examinations of Investment Advisers,” the SEC provided guidance on compliance advisory fee issues identified in examinations, which remain a concern today. In this session, we review highlights from the Risk Alert, including disclosure considerations and exam observations. We will review what to expect in terms of examination questions and document requests. Using a case study, we explore best practices and forensic testing methods that compliance should consider in evaluating your firm’s advisory fees and expense practices. We also provide key takeaways and risk management tips to consider for 2021.

By attending this session, you will learn about:

The SEC’s guidance on the most common compliance issues involving advisory fees and expenses;
Common exam document requests;
Best practices and tips to consider for evaluating your firm’s advisory fees and expenses; and
The latest SEC exam questions related to advisory fee structures.

Michelle L. Jacko, CSCP, Managing Partner and CEO, Jacko Law Group, PC, and Founder and CEO, Core Compliance & Legal Services, Inc.
Janice Powell, Senior Compliance Consultant, Core Compliance & Legal Services, Inc.