Please join ACA and Bryan Cave for a webcast workshop designed to assist compliance professionals with addressing issues involving the availability of mutual fund fee waivers in retirement and charitable accounts.
As widely discussed this conference season and in recent publications, the SEC has been "fact finding" the past few months regarding intermediary fees paid by fund companies and their advisers. Over the past 10 years, distribution and shareholder servicing fee structures have become increasingly costly and, more importantly, complex in ways that make 12b-1 Plans obsolete. In addition, in the past three years, there has been a dramatic shift from network to omnibus accounts, which further complicates fee structures on different classes.
If you are involved with mutual fund boards of directors, you probably are aware of recent Securities and Exchange Commission (“SEC”) enforcement proceedings against boards and/or their investment advisers that allege incorrect valuing of portfolio securities or an apparent failure to oversee the process.
ACA Performance Services provides GIPS® verification and consulting services to investment managers around the globe. Our team—comprised of more than 30 professionals with extensive GIPS and performance standards experience—is the largest group of GIPS professionals in the world solely dedicated to GIPS verification and related services. To date, we have served more than 300 firms. Many of our clients previously used a different verification firm and/or a Big Four accounting firm.