IACCP 2 GENERAL ADVISOR ACT WITH COMPLETE SOLUTIONS 2023

IACCP 2 GENERAL ADVISOR ACT WITH COMPLETE SOLUTIONS 2023 Investment Adviser - Person or entity that is in the business of providing investment advice about securities Fiduciary - an investment adviser owes its clients undivided loyalty and may not engage in activity that conflicts with a client's interest without the client's consent Who is required to register with the SEC? - 1) an investment advisor under Section 202(a)(11) of the Advisors Act 2) Not excepted from the IA definition 3) Not exempt from Commission registration & 4) not prohibited from Commission registration What are the 3 elements of the IA definition must be satisfied to be covered under the Act? - The person or firm must be (1) for compensation (2) engaged in the business (3) of providing advice to others or issuing reports or analyses regarding securities Who is excluded from registration requirements? - Domestic Banks Lawyers, accounts, anyone whose advisory services is solely incidental to their profession Broker and dealers if they do not receive any special compensation Publishers of Bonafede newspapers, news magazines, and business publications Persons and firms whose advice/reports are related only to direct obligations of the US Family offices