The SEC and money manager clients have raised the bar for investment consultants to provide greater transparency, especially as it relates to their compensation that could create conflicts of interest and prevent impartiality. Founder and President Amy Lynch sees consultants now adding more language to their ADVs about their gifting policies. She notes that adding clear language and including more details on fees and conflicts would be a good idea considering the pressure now on consultants for more disclosures. See FundFire (subscription required), “Consultants Pressured to Reveal Gifts, Conference Fees from Managers”
