SEC Preps Plan to Widen Investor Access to Private Markets
Action Required: Monitor SEC announcements for the official proposal release to understand how new definitions of 'qualified clients' might impact current fee agreements.
The SEC is preparing a proposal to expand investor access to private markets, which could alter the current restrictions on charging performance fees to only 'qualified clients.' This shift may create new investment opportunities for a broader range of clients, potentially requiring advisors to adjust their fee structures and portfolio construction strategies.
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