Wrap Fee

This is an SEC document request letter from an exam of an RIA. This includes questions for managers of wrap fee programs.

The need for adequate disclosure ripples through the advisory industry like an unabated stream. The flow doesn't end when you hand off clients to sponsors ...

Here's the scenario. Your firm serves as a sub-adviser on a wrap program's large cap portfolio. The sponsor of the wrap program forbids the use ...

Over time we've shared many current SEC document request letters with you. The latest one, courtesy of one of your peers, diagrams the hot topics ...