Retail SMA Advisory Committee
The Retail SMA Advisory Committee focuses on the legal, regulatory, legislative, and compliance issues affecting registered investment advisers to retail separately managed accounts (SMAs). It provides a forum for members to discuss how the unique characteristics and interests of retail SMAs would be affected by relevant legal, regulatory, and legislative proposals and discuss particular policy objectives. It provides a forum for members to discuss compliance-related obligations and issues unique to retail SMAs.
Committee Meetings
The Retail SMA Advisory Committee will hold meetings and conference calls quarterly and as issues arise.
Membership Information
Each member firm may have up to three representatives on the Retail SMA Advisory Committee.
Committee Members
Colleague Access
Colleague Access gives committee representatives the ability to designate co-workers (i.e., non-committee members) to view committee memos and materials online, receive notification of memos addressed to the committee via ICI Digestand participate in committee calls and meetings.
As committees may deal with confidential policy topics involving draft comment letters and conference calls, ICI limits the number of colleagues per firm who can be designated for Colleague Access. Only committee representatives (not alternates or substitutes) can activate Colleague Access, and colleagues must be employed by the committee member’s firm.
Retail SMA Advisory Committee representatives may designate a total of five individuals for Colleague Access.