{"id":1162,"date":"2021-08-25T19:28:15","date_gmt":"2021-08-25T19:28:15","guid":{"rendered":"http:\/\/localhost\/?p=1162"},"modified":"2021-08-25T19:28:15","modified_gmt":"2021-08-25T19:28:15","slug":"attn-rias-charging-performance-based-fees-thresholds-for-qualified-client-increased-by-100k","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2021\/08\/25\/attn-rias-charging-performance-based-fees-thresholds-for-qualified-client-increased-by-100k\/","title":{"rendered":"Attn: RIAs Charging Performance-Based Fees, Thresholds for \u201cQualified Client\u201d Increased by $100K"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Investment Advisers Act of 1940, as amended (the \u201cAdvisers Act\u201d), generally prohibits SEC\u2011registered investment advisers (\u201cRIAs\u201d) from entering into an advisory contract that charges a performance fee to a client who is not a \u201cqualified client\u201d under Rule 205-3(d)(1) under the Advisers Act.<\/span><a style=\"font-weight: 400;\" href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><span style=\"font-weight: 400;\">Effective Monday, August 16, 2021 (the \u201cEffective Date\u201d), an inflation adjustment has raised two of the thresholds for determining whether a client is a \u201cqualified client\u201d by $100,000.<\/span><\/p>\n<p><a href=\"https:\/\/www.kilpatricktownsend.com\/Blog\/Investment-Management-and-Broker-Dealer\/2021\/8\/Attn-RIAs-Charging-Performance-Based-Fees-Thresholds-for-Qualified-Client-Increased-by-100K\">Read more here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Investment Advisers Act of 1940, as amended (the \u201cAdvisers Act\u201d), generally prohibits SEC\u2011registered investment advisers (\u201cRIAs\u201d) from entering into an advisory contract that charges a performance fee to a client who is not a \u201cqualified client\u201d under Rule 205-3(d)(1) under the Advisers Act.[1]\u00a0\u00a0Effective Monday, August 16, 2021 (the \u201cEffective Date\u201d), an inflation adjustment has &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2021\/08\/25\/attn-rias-charging-performance-based-fees-thresholds-for-qualified-client-increased-by-100k\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Attn: RIAs Charging Performance-Based Fees, Thresholds for \u201cQualified Client\u201d Increased by $100K<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":94,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,21,22],"tags":[],"class_list":["post-1162","post","type-post","status-publish","format-standard","hentry","category-compliance","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/94"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1162"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1162\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}