Overview of Moneymanagerservices.com Content

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Moneymanagerservices.com contains high-quality compliance information and procedures for companies offering investment advisory services. Written by attorneys with years of experience and expertise, our content offers balanced, unbiased analysis of compliance topics for the financial advisory industry. The content currently covers over 200 topics and consists of approximately 1200 pages. Our content has been reviewed for accuracy by professionals and is kept up-to-date to reflect the rapidly changing advisory industry.

Set forth below is a description of the main sections on the site:

Getting Started: each file in this section contains information about how to set up an investment adviser. To a certain extent, "Getting Started" is a misnomer since many of the topic files are useful to existing financial advisers and for additional purposes. Click here to access a list of the Getting Started content files.
A site visitor who is interested in starting an investment adviser can click the "Adviser Organization Checklist" to find the various steps that must be taken before he or she can commence business. For example, the visitor must decide whether to form a C-Corporation, S-Corporation, general partnership, limited partnership, limited liability company (LLC) or sole proprietorship. He or she can click topic files that contain an in-depth discussion of the advantages and disadvantages of each form of organization. Once he selects a form of entity, he can click the topic file that explains how to set up the entity.
Hedge Funds: each file in this section contains information about how to set up and operate a hedge fund. Instead of managing the assets of each client separately, it is now common for advisers to pool all of their clients' assets into a single investment vehicle. Click here to access a list of the Hedge Fund content files.
A site visitor can click the "Hedge Fund Organization Checklist" file to access the various steps that must be taken to set up a hedge fund. He or she will find the topic files describing each form of entity that the hedge fund can take, and the steps necessary to form the hedge fund and offer its interests.
Adviser Documents: each file in this section contains a document that is necessary in order to operate a company that offerf advisory services. The four categories of documents in this section are: Agreements (e.g., a sample investment management agreement), Disclosure Documents (e.g., a sample language for Form ADV), Organizational Documents (e.g., sample limited partnership agreement), and Procedures (e.g., sample trade allocation procedures). Click here to access a list of the Adviser Documents content files.
A site visitor could click "Part II (Form ADV) to obtain a copy of this registration form. When filling it out, the site visitor could refer to "Sample Form ADV" for sample language.
Legal Guide: each file in this section provides a narrative discussion explaining the laws, rules and interpretative positions about each topic. Legal Guide content files are updated on a continuous basis to reflect changes in laws and regulations and to incorporate industry best practices. Click here for to access a list of the Legal Guide content files.
A site visitor can click a menu page that is divided into a dozen operational areas, including marketing, recordkeeping, and fees. For example, the "Adviser Privacy Law" file explains in straightforward language the requirement that financial advisers must keep client information confidential and the circumstances when they are permitted to share client information with other companies.
Compliance Resources: each file in this section contains a provision of a particular law or regulation, or a governmental release setting forth an interpretative position. The Compliance Resources content files also contain a complete copy of the Investment Advisers Act of 1940 and its rules, as well as provisions of other statutes and rules applicable to the advisory business. Click here to access a list of the Compliance Resources content files.
Key SEC releases and no-action letters are being added to these content files. For example, the "Lamp No-Action Letter" file contains the letter issued by the SEC that provides interpretative guidance on the kind of information about hedge funds that may be placed on an Internet site without the site becoming a prohibited public offering of securities.