Advice Regarding SEC Regulations Regulating Family Office Services

The Securities and Exchange Commission (SEC) requires certain advisers providing family office services to register as investment advisers if specific exclusions under the Dodd-Frank Act (passed July 21, 2010) are not met. Professionals who manage wealth for high-asset families or provide financial guidance may need to register under these SEC rules. Previously, many family office advisers were exempt from registration if they served fewer than 15 clients, but this exemption has been repealed to allow for broader regulatory oversight.

Our team can guide you through the SEC rules applicable to family office services. We will review your situation to determine whether registration as an investment adviser is required. Factors considered include the services provided, the clients served, and the manner in which services are marketed.

We assess your specific circumstances to provide precise and practical advice. Our experts can assist with all Form ADV filings and ongoing compliance support for family office regulatory requirements if registration is necessary.

Our services for family offices include:

• Creating advisory contracts
• Developing and maintaining compliance programs
• Establishing written policies, procedures, and internal controls
• Testing Anti-Money Laundering (AML), Business Continuity Plans (BCP), and Regulation S-P programs
• Assessing ERISA compliance requirements
• Conducting advertising and marketing evaluations