Boards and senior management of not-for-profit organizations recognize that identifying risks and managing those risks are a critical responsibility. Enterprise […]
As the economy continues to improve, financial institutions are looking to aggressively grow their loan portfolios and improve yields on […]
Water made headlines in main street newspapers in 2016, with the major contamination discovery in Flint, Michigan, the drought in […]
To a greater extent every day, information technology is leveling the playing field for small and mid-sized enterprises (SMEs). Export markets, in particular, are no longer the exclusive domain of large players with the resources to field global sales and production staffs. Today, even start-ups can use the Internet to sell abroad, and to commission foreign firms to produce their designs cheaply.
Over the past few years, we have witnessed continued interest in mergers, acquisitions and consolidations of Registered Investment Advisers (“RIAs”). Acquisitions of RIAs are motivated by higher management fees with the growth of assets under management (“AUM”), the possibility of incentive fees revenue, diversification of asset base, and the potential for expense reduction.
The SEC Division of Investment Management issued Guidance Update No. 2017-03 applicable to situations in which an operating company may find that, upon the occurrence of an extraordinary event, it meets the definition of an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), even though that operating company intends to remain in such status only temporarily.