How Investment Firms Can Rise Above the SEC's Six Most Frequent Issues with Advisory Fee Billing

May 21, 2019

By Doug Fritz

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. Since the SEC announced the risk alert, there have been numerous fines and penalties charged to firms who have overbilled clients, whether intentional or not.

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Electra Blog Posts, Buy-Side Technology, Electra Information Systems, fund administrator, fee calculations, SEC Compliance, SEC, Electra Billing, Advisory Fee Billing, Investment Firms, automation

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