How Firms Can Rise Above the SEC’s Issues with Advisory Fee Billing

by Electra Information Systems | Best Practice

It has been about a year since the U.S. Securities and Exchange Commission announced a risk alert that “Most Frequent Advisory Fee and Expense Compliance Issues Identified in Examinations of Investment Advisers.” Such inappropriate fee billing and expense practices may violate the Investment Advisers Act of 1940 and the rules implementing it, including anti-fraud provisions.

About Electra Information Systems

Electra’s mission is to help investment managers, hedge funds, fund administrators and outsourced service providers mitigate the risk, cost and inefficiency across post-trade processing and improve their business operations for greater growth and profitability. We achieve this by delivering powerful post-trade solutions and complete, timely and accurate data that support and improve reconciliation and various middle- and back-office processes across the firm’s operational ecosystem.

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