With last month’s deadline to comment on the SEC’s proposed limits on funds’ use of derivatives now passed, asset managers aren’t the only ones preparing in advance for a final ruling.
Wealth managers are also bracing for guidelines that would require funds to restrict their use of derivatives to an exposure-based limit of 150% of net assets. Alternatively, some funds might be allowed to follow a risk-based limit of 300% of total assets, reports FA-IQ’s sister publication, Ignites.
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Regency Wealth Management is a SEC Registered Investment Advisor managing over $500 million for families and small institutional investors. Regency was founded in 2004, is headquartered in New Jersey, and serves clients across the country.