Category Archives: Standard of Care

As background, Form PF requires private fund advisers with at least $150 million in private fund assets under management to report certain information to the SEC at least annually and for a subset of large private fund advisers to provide more information on a more frequent basis.

The rule proposal makes changes in three principal areas including:

Requiring current reporting by large private fund advisers for certain triggering events.

Change reporting thresholds and require additional information to be reported by large private equity advisers.

Require additional reporting by Large Liquidity Fund Advisers.

Read more here.

Standard of Care

Effective Succession Planning For Advisers

February 11, 2022 Richard Chen Leave a comment

It’s imperative that advisers protect themselves and the clients they have worked so hard for through proper succession planning. Understandably, many advisers are not yet ready to sell their practice, but there are still numerous things advisers can do to protect their loved ones and their clients in the meantime.

One of those things is to enter into contingent buy-sell agreements whereby the adviser puts in place arrangements to sell the practice to another adviser in the event of the death, disability, or retirement of the adviser.

Read more here about additional considerations.