Does FRM register with any regulatory body?
Because of the size of assets under management, FRM is registered with the Securities and Exchange Commission (SEC). Firms that manage less than $25 million are required to register with their state securities department. 2. What differentiates an investment adviser from a broker? The major difference lies in the client relationship. Brokers are typically paid for transactions between two parties. The greater the number of trades a client makes, the more the broker will make in commissions. Consequently, trades will always benefit the broker but they do not always benefit the client. In contrast, an investment adviser is usually paid a fee tied to the market value of the assets under management. As a result, the interest of the client and the adviser are much more closely aligned. 3. How is FRM compensated? FRM is compensated through separate fee structures (equity and fixed income) designed to closely align its interests with its clients. Fees are charged on a quarterly basis in arrea
