Navigating Compensation Regulations for Alternative Investments: Do's and Don'ts for RIAs Alternative investments such as private funds, private placements, non-traded REITs, and private credit have become increasingly popular among clients seeking diversification and higher returns. However, these investment types come with complex regulatory challenges, especially when it comes to compensation paid by issuers to Registered Investment Advisers (RIAs). Both the Securities and

Understanding the SEC's Proposed Changes to Small Adviser Definitions and Their Impact on the Industry The Securities and Exchange Commission (SEC) recently proposed updates to the way it defines “small advisers” under the Regulatory Flexibility Act (RFA). While these changes may seem technical, they carry significant implications for investment advisers, especially smaller firms. This post breaks down the SEC’s proposal, explains why it matters, and explores how it could aff