More On Legal & Compliancefrom The Advisor's Professional Library
- Dealings With Qualified Clients and Accredited Investors Depending upon an RIAs business model and investment strategies, it may be important to identify “qualified clients” and “accredited investors.” The Dodd-Frank Act authorized the SEC to change which clients are defined by those terms.
- Using Solicitors to Attract Clients Rule 206(4)-3 under the Investment Advisors Act establishes requirements governing cash payments to solicitors. The rule permits payment of cash referral fees to individuals and companies recommending clients to an RIA, but requires four conditions are first satisfied.
In a field where they make up barely 25% of practitioners, women in wealth management are changing the style and tone of the profession. Securities and Exchange Commission Chairman Mary L. Schapiro heads the Top 50 Women in Wealth Management named by our sister publication Wealth Manager. in their May issue and she's certainly gotten the attention of columnnist Bob Clark, but she's not the only woman on the list worthy of attention.
Being named to the Top 50 is not about books of business or assets under management. Rather, the magazine looked for the leaders, influencers and mentors, in short women who excel in a profession where their influence belies their numbers.
You can read more of Kate McBride's interview with Mary Schapiro as well as profiles of some of the 49 other women on the list at wealthmanagermag.com.