Registered investment advisors are already familiar with the paperwork hassles that accompany SEC oversight. Yet as states take over regulation of RIAs with up to $100 million in assets under management, many firm owners are wondering if the transition will prove difficult.

The change, which will impact roughly 3,200 firms, is part of the Dodd-Frank law enacted more than two years ago. Unlike other parts of Dodd-Frank, which have been challenged and delayed by large financial firms and their advocates, the switch to state regulation for certain financial advisors is continuing apace. By mid- year, the regulatory transition should be complete.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access