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May Registered Investment Advisors manage accounts and charge 2/20% fees?
- Thread starter crgarcia
- Start date
Quote from crgarcia:
What if you and your customers are NOT US citizens/residents?
Not sure. I don't recall anything about citizenship nor residency.
That you are on U.S. soil means that you are subject to US law... that probably includes securities law as well. Suggest you contact the SEC directly. RIAs are covered under the Investment Advisers Act of 1940.... often referred to as "The 1940 Act".
What if you aren't in US soil?Quote from gnome:
Not sure. I don't recall anything about citizenship nor residency.
That you are on U.S. soil means that you are subject to US law... that probably includes securities law as well. Suggest you contact the SEC directly. RIAs are covered under the Investment Advisers Act of 1940.... often referred to as "The 1940 Act".
By the way, I'm just looking to get my RIA designation, to give a professional image, even if it's not needed outside the US.
Quote from crgarcia:
What if you aren't in US soil?
By the way, I'm just looking to get my RIA designation, to give a professional image, even if it's not needed outside the US.
If you are not in the USA, I suspect the 1940 Act wouldn't apply to you. It also seems logical that your application to be RIA would therefore be rejected.