Discover and read the best of Twitter Threads about #RIAs
Most recents (4)
At the #ARIA conference. ARIA is the Association of Registered Investment Advisors of India. Sebi Whole Time Member @ananthng speaking #investing 
Says Sebi not looking to disintermediate brokers with regulations such as upstreaming money to clearing corporations. Huge client funds lying with brokers is a risk.
On registered investment advisors (#RIAs)
#Budget2022 wish list:
Congratulations to @nsitharaman and @PMOIndia to guide our country thru this #pandemic period. You have avoided excesses of many countries during this period. Thanks to that #India is touted as the next preferred #investment destination.
Congratulations to @nsitharaman and @PMOIndia to guide our country thru this #pandemic period. You have avoided excesses of many countries during this period. Thanks to that #India is touted as the next preferred #investment destination.
It is dream of our Hon #PMModi to reach $5 trln economy very soon. For that, besides Govt spending, you will need help from citizens to save, invest and channel the same to productive use through investment vehicles like Mutual Funds.
Our #MutualFund Industry has grown from 25 lac crs to currently 37 lac crs and likely to touch 100 lac crs.
#MF mobilizes #savings of all #Investors - #retail, #HNI, #Institutional and helps in growing our economy by participating in #Debt and #Equity - key drivers for growth
#MF mobilizes #savings of all #Investors - #retail, #HNI, #Institutional and helps in growing our economy by participating in #Debt and #Equity - key drivers for growth
Crypto funds looking to transition into #RIAs:
• @a16z, @Sequoia & other VCs have gone from ERA to RIA
• Registration is costly & time consuming but not end-all
• If your fund is valued >$150m this year, you must register by March/June next year.
More on this issue 🧵 1/x
• @a16z, @Sequoia & other VCs have gone from ERA to RIA
• Registration is costly & time consuming but not end-all
• If your fund is valued >$150m this year, you must register by March/June next year.
More on this issue 🧵 1/x
2/ Crypto fund formations are often costly because of compliance
• In CA, the 'retail buyer fund' exception requires qualified clients—$2.2m net worth—to charge carry
• Federally, if your funds grow >$150m you must register.
But how does it work?
• In CA, the 'retail buyer fund' exception requires qualified clients—$2.2m net worth—to charge carry
• Federally, if your funds grow >$150m you must register.
But how does it work?
3/ As a CA-based investment adviser, your crypto fund will have regs you won't know about.
CA State non-VC ERAs require:
• PPM/disclosures
• Audits
• Qualified Clients
These regs won't bite until an LP receives a distribution YEARS down the road.😳
CA State non-VC ERAs require:
• PPM/disclosures
• Audits
• Qualified Clients
These regs won't bite until an LP receives a distribution YEARS down the road.😳
1/ HEY CRYPTO LAWYERS: buckle in bc a big piece of US #crypto regulatory puzzle fell in place yesterday. Culminates >2yr process, coordinating w/ SEC & other regulators, to clarify "#qualifiedcustodian." #NoActionLetter by #Wyoming Banking Division🤠here:
docs.google.com/viewer?a=v&pid…
docs.google.com/viewer?a=v&pid…
2/ Here's an article from @ForbesCrypto's @AndreaTinianow & a post from McDermott Will & Emery, the attorneys who obtained the letter for @TwoOceanTrust of #Wyoming.
So...WHAT DOES IT REALLY MEAN??? 🤔
mwe.com/media/mcdermot…
forbes.com/sites/andreati…
So...WHAT DOES IT REALLY MEAN??? 🤔
mwe.com/media/mcdermot…
forbes.com/sites/andreati…
3/ Follow along! Under SEC Custody Rule & SEC Customer Protection Rule, #RIAs (Registered Investment Advisers) & investment managers must hire a #qualifiedcustodian to store customers' assets.
But traditional custody banks can't/won't touch #bitcoin & other #crypto right now.
But traditional custody banks can't/won't touch #bitcoin & other #crypto right now.
