SEC Increases Qualified Client Net Worth Threshold

20 June 2016
View Client Update

Key takeaways

  • The SEC issued an order increasing the dollar amount of the “qualified client” net worth threshold in Rule 205-3 under the Investment Advisers Act of 1940 from $2,000,000 to $2,100,000.
  • The order is effective as of August 15, 2016.