The Final 408(b)(2) Regulation: Impact on Investment Managers
This bulletin discusses the impact of the U.S. Department of Labor’s (DOL) final 408(b)(2) disclosure regulation on discretionary investment managers – that is, investment advisers with the authority to manage the assets of ERISA-governed retirement plans. The final regulation requires various disclosures to be made by an investment adviser to its ERISA plan clients prior to July 1, 2012. Failure to comply with these new disclosures could result in substantial penalties, excise taxes and forfeiture of investment advisory fees. We would be happy to assist you in drafting or reviewing these new disclosures.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
Meet the Authors
