The SEC's New Risk Alert Just Told You What Examiners Are Writing Down About Your Fee Disclosures
TL;DR: On June 9, 2026, the SEC's Division of Examinations published a Risk Alert on economic conflicts of interest at registered investment advisers, and one day earlier the agency fined Phoenix-based Foundations...
What Is a Registered Investment Advisor (RIA), and How Do RIAs Access Alternative Investments?
TL;DR: A Registered Investment Advisor (RIA) is a firm or person registered with the SEC or a state regulator that is legally bound to a fiduciary standard, meaning the advisor must act in your best
SEC Fraud Alert: How a Fake Form ADV Fooled Investors in 2026
18 million default judgment against AI Financial Education Foundation Ltd. for filing false Form ADV disclosures claiming $10 million in AUM, a Denver office, and a private fund that did not exist. Th
Management Company in Private Equity: The Entity That Runs Your Fund
Management fees (1.74-2% annually) flow to the management company as ordinary income. Carried interest flows through the GP as capital gains taxed at 20% instead of 37%. LPs who skip the management co
Management Company vs. GP Entity: How Private Fund Managers Structure Their Business
The management company — often called the ManCo — is the operating entity at the center of every private fund structure. According to Carta's overview of private fund structures, the management compan
Form ADV: How to Read It Before You Hire Any Financial Adviser
FORM ADV: HOW TO READ IT BEFORE YOU HIRE ANY FINANCIAL ADVISER TL;DR Form ADV is the mandatory SEC disclosure document that every registered investment adviser must file. You need to read it before yo
Form ADV: The Investment Adviser Document Every Accredited Investor Should Read Before Writing a Check
TL;DR: Before you write a check to any investment adviser, look up their Form ADV on the SEC's IAPD database . It takes 3 minutes. It has saved investors from fraud. What Form ADV Is and Why It Exi...
Form ADV: The Free Document That Exposes Everything Your Financial Advisor Hides
Form ADV: The Free Document That Exposes Everything Your Financial Advisor Hides 95% of investors have never read their advisor's Form ADV. It's free, it's public, and it reveals every fee, conflict, and disciplinary...