The Investment Advisers Act

The increasingly complex world of investing leads to the rise of investment advisors. Recognizing their importance to the financial system, a new federal law gives the Securities and Exchange Commission the responsibility to provide oversight, ensuring that advisors register themselves and abide by the fiduciary standard, which requires that they act in their clients’ best interests. Starting small, with approximately 700 advisors, the act further reinforces the level of trust between advisor and investor.