Amy Lynch sees SEC inching forward with latest update to custody rule FAQs (InvestmentNews)

The FAQs for Rule 206(4)-2, the “custody rule,” have been updated to offer further guidance for investment advisers. Amy Lynch, Founder and President, comments that the clarification provided by the SEC on “inadvertent custody” is helpful for firms having clients with their own custodial relationships. In this new FAQ, the SEC describes how, depending on the facts…

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Trend of more transparency by investment consultants continues; Amy Lynch comments (FundFire – Subscription Req’d)

Recent new material updates on its Form ADV by an investment consultant indicate that it will separately charge clients for providing fee negotiation services. The service seeks to secure more favorable fund fee terms for clients. Founder and President Amy Lynch explains that consultants have been expanding their product offerings and service levels, but at…

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