In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. While SEC-registered RIAs are governed by the Investment Advisers Act of 1940 (and its associated regulations), state-registered RIAs are subject to theRead More...

The post Upfront And Ongoing RIA Compliance Obligations Of State Vs SEC-Registered Investment Advisers first appeared on Kitces.com.