Wrap Fee

The SEC has long trained its sights on wrap fee programs (IA Watch, Aug. 4, 2014). The latest example of its interest can be seen ...

We’re left to wonder why WFG Advisors ($1.4B in AUM) in Dallas would pay a compliance consultant to come in twice, be warned that the ...

WFGA overcharged clients in one of its advisory wrap account programs contrary to its disclosures to these clients. WFGA represented to clients participating in a ...

Some may flinch at the thought of government asking private entities for the names of staffers who have made political contributions but OCIE’s doing just ...

The fraud case took nearly four years to come to trial but only two hours for a jury to deliver a guilty verdict. A Massachusetts ...

IA Watch has obtained a recent SEC document request letter that highlights examiners' questioning of wrap fee program sponsors. As we reported last month, step-out ...

This is a copy of an SEC document request letter that went to an adviser in 2014 with a special emphasis on wrap fee programs.

A firm going through an SEC exam reports intense interest by examiners at what wrap fee sponsors are doing to monitor step-out trades by subadvisers. ...

They may go by several names, and even have various definitions, but the fundamental component of a wrap fee program is that your client pays ...

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