Data / Federal rules / 2026-06229
Performance-Based Investment Advisory Fees
The Securities and Exchange Commission published this proposed rule in the Federal Register on March 31, 2026.
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What the agency says
The Securities and Exchange Commission (the "Commission") intends to issue an order that would adjust for inflation dollar amount thresholds in the rule under the Investment Advisers Act of 1940 that permits investment advisers to charge performance-based fees to "qualified clients." Under that rule, an investment adviser may charge performance-based fees if a "qualified client" has a certain minimum net worth or minimum dollar amount of assets under the management of the adviser. The Commission's order would increase, to reflect inflation, the minimum net worth that a "qualified client" must have under the rule. The order would also increase, to reflect inflation, the minimum dollar amount of assets under management.
Key facts
- Document number
- 2026-06229
- Type
- Proposed rule
- Action
- Notice of intent to issue order
- Agency
- Securities and Exchange Commission
- Published
- March 31, 2026
- Dates
- Hearing requests should be received by the Commission's Office of the Secretary by 5:30 p.m. on April 27, 2026.
- Docket
- Release No. IA-6955
- Code of Federal Regulations
- 17 CFR 275
- Pages
- 3
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Everything from the Securities and Exchange Commission · Published in March 2026
Read from the Federal Register API, last updated 2026-10-24. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.