Partner Barry Temkin was recently quoted in an article in Investment News about a risk alert sent out by the Securities and Exchange Commission to advisers in regards to the overcharging of clients:
“This might be a good opportunity for advisers to take some time to review their fee billings to ensure consistency in their calculation of AUM and attendant fees, which can be tricky … It’s like the dentist reminding patients to brush. This is your warning from the SEC, so take a couple hours, look over the fees, and maybe have someone come in and kick the tires.”
Read the full article here.