Investors need to understand the regulations that govern the actions of investment advisers when it comes to safeguarding their clients' assets. With the compliance deadline for the new Marketing Rule being November 4, 2022, investors should be aware of the implications of the SEC's proposed Adviser Outsourcing Rule, which recently ended its comment period. Furthermore, the SEC's Division of Investment Management recently updated its guidance on the marketing and advertising of private funds.
Under the leadership of SEC Chairman Gary Gensler and Director of Investment Management Dalia Blass, sweeps have been initiated to ensure that investment advisers are meeting regulatory requirements and providing investors with the protections they are entitled to. To further protect investors, the SEC has put forth the idea of a fiduciary standard of care, which would require advisers to act in the best interest of their clients.
Sanctuary Advisors LLC, an SEC-registered investment adviser, has taken the initiative to provide investors with a comprehensive solution to the fiduciary dilemma. By utilizing the SEC's Investment Adviser Public Disclosure (IAPD) website, they are able to search for qualified investment advisers and compare the services they offer. Additionally, Sanctuary Advisors provides investors with access to their own proprietary ratings system, which enables investors to make informed decisions when selecting an investment adviser.