Compliance February 9, 2003

Investment Advisor Info Now Online

September 26, 2001 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) have launched a website that will provide online information about money managers, financial planners and other investment advisers.
Reported by

The Investment Adviser Public Disclosure (IAPD) website ( www.adviserinfo.sec.gov ) will offer ready access to registration documents filed by more than 9,000 registered investment advisers. The documents provide information about each adviser’s business, advisory services and fees, as well as any disciplinary problems over the past decade.

Affiliations with banks, mutual funds or lawyers, and potential conflicts of interest, including so-called “soft-dollar arrangements” with brokers, also will be available.

For now, the database will be limited to federally-registered advisers, but more than 16,000 small, state-registered advisory firms will be added at a later date.

The IAPD website will be available 24 hours a day, free of charge.

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