Updated Monday, July 28, 2014 as of 12:20 AM ET
Practice - Regulatory/Compliance
Regulators Redefine Assets
Thursday, March 1, 2012

When registering as an investment adviser, the Form ADV asks if I have discretion to select the broker-dealer for my clients. All my clients have discretionary accounts with me and I only use one brokerage firm so I thought the answer to this question would be "yes". However, I've been told I should mark the answer "no". Can you explain?

— M.C.,Virginia

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

2014 Summer Reading List for Advisors

Current Issue

The June Issue is now online!


Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here