With deadlines bearing down for certain federally registered investment advisors to transition to state regulation, advisors have a host of concerns and questions, experts say.

"I haven't heard anyone say 'I'm very happy to be leaving the SEC and going to my state," says Todd Cipperman, of Cipperman & Co., a Wayne, Pa.-based firm that provides compliance services.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.