Investment Industry Guidance

SEC Issues New Marketing Rule FAQ on Use of Model Fees

The Securities and Exchange Commission (SEC) Marketing Rule (Rule 206(4)-1) became effective in 2022. This rule left some questions in the minds of practitioners; to help clarify the rule, the SEC’s Division of Investment Management has been releasing FAQs.View

Demystifying the GIPS® Guidance Statement for OCIO Portfolios: What You Need to Know

The CFA Institute’s release of the Guidance Statement for OCIO Portfolios marks a pivotal moment for firms managing outsourced chief investment officer (OCIO) mandates.View

SEC’s Updated FAQs on Gross and Net Performance Under the Marketing Rule: Key Takeaways for Advisors

On March 19, 2025, the SEC updated its frequently asked questions (FAQs) addressing gross and net performance under the Marketing Rule.View

How to Prepare for a Successful GIPS Verification

This article walks you through the process, starting with understanding the GIPS Standards and concluding with the benefits of a GIPS verification.View

CFA Institute Releases Survey on SEC Marketing Compliance Rule Practices

The survey aimed to gain an understanding of current practices among industry participants as it relates to certain performance requirements under the SEC Marketing Rule that have been the source of some confusion.View

Fifth Circuit Court Vacates SEC's Private Fund Advisers Rule

The Court’s decision was based on arguments that the SEC exceeded its statutory authority, and the rule would impose undue regulatory burdens and costs.View

Recap of Valuation Drivers in an Investment Firm Presentation

Jennifer Kreischer, Director in Kreischer Miller’s Investment Industry Group, provided insights into the key levers that investment firms can use to drive value in their businesses.View

Is Your Investment Management Firm Using the Right Model Fee Under the SEC Marketing Rule?

Operational Due Diligence (ODD) is a bespoke, continuous, and iterative process of assessing an investment manager’s operational risks across all public and private market asset classes.View

4 Current Operational Due Diligence Challenges

Operational Due Diligence (ODD) is a bespoke, continuous, and iterative process of assessing an investment manager’s operational risks across all public and private market asset classes.View

SEC Issues Trifecta of Rules and Alerts Impacting the Investment Industry

On August 23, 2023 the SEC issued a trifecta of rules and alerts that impact the investment industry, including private funds and broker-dealers.View