Tag: regulated assets under management

Don’t Overstate Assets Under Management

I’ve said it before: Don’t overstate assets under management. You need to keep records on your calculations and be able to prove the calculations. Umesh Tandon ran Simran Capital Management and was trying to land California Public Employees’ Retirement System (CalPERS) as a client. The problem was that CalPERS required prospective investment advisers to have

The Danger of Overstating Assets Under Management

Form ADV requires a registered investment adviser to state the firm’s assets under management. The new form changed the calculation and the term to “regulated assets under management”. At the same time, the threshold between state and federal registration has been increased from $25 million to $100 million. I thought it would be useful to