Dodd-Frank 30 Day Countdown: Day 13

SEC Re-defines Family Office With the enactment of Dodd-Frank comes the end of the exemption historically granted to family offices under the Investment Advisers Act of 1940.  In the past, investors with fewer than 15 clients could take advantage of the Act’s “private adviser exemption.”  But with Dodd-Frank eliminating this exclusion, family offices are no…