Generally, CPAs must register with the SEC as an investment adviser
if they fail a two-part test by answering "yes" to the following questions:
The Investment Adviser
Act of 1940 is the primary federal legislative authority governing SEC-registered investment advisers
Be careful not to confuse an investment adviser
with a broker representing a bundled, prepackaged investment platform.
By leveraging its global 'community of boutiques' structure and the strength of Morgan Stanley, the Investment Adviser
strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
Reevaluate investment advisers
with respect to the goals.
The system, which is called the Investment Adviser
Registration Depository (IARD), will permit investment advisers
to satisfy filing obligations under state and Federal laws by making a single electronic filing.
Since Canary, major investment adviser
firms under contract to mutual funds have been charged with a variety of schemes, including some involving portfolio managers and founders of investment advisory firms.
The conference will bring together investment advisers
, legal counsel to advisers, investor advocates, representatives from state regulatory bodies, representatives from the National Association of Securities Dealers and others to discuss these issues and offer their views.
The separate disclosure document spells out the arrangement between the solicitor and the investment adviser
In the FSA, the taxpayer was a large commercial bank that served as the investment adviser
for a family of proprietary mutual funds, including two money market funds that the taxpayer had acquired in a merger with another bank.
They also can go to it for guidance in assigning to an investment adviser
specific responsibilities as part of its management of a client's account.
CPAs in at least three areas have a clear stake in ensuring accurate investment adviser