Performance-Based Fees – Net Worth Test Threshold Increases to $2.1m

  The SEC has increased the net worth test threshold applied to “qualified clients” to $2.1 million.  Qualified clients that enter into advisory contracts in reliance on the net worth test prior to the effective date will be “grandfathered” in, under the prior net worth threshold.  The new requirement is effective August 15, 2016. The… READ MORE