Going forward, investment advisors will no longer be able to include the value of an investor's home in a new $1 million minimum of investable assets now required to charge performance fees, according to the SEC, which is tightening its rule around fees.

Up until now, the SEC has permitted RIAs to charge these fees for investors with $750,000 in investable assets and a net worth of $1.5 million. Those thresholds now will rise to $1 million in investable assets and $2 million in net worth.

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