IAA CORONAVIRUS UPDATE
The IAA – like every other organization and business – is closely watching developments in the fluid coronavirus situation and will adapt its policies as appropriate. At this moment, we are going forward with our planned events, which include our Trading, Best Execution, and Research Summit in New York on May 20 and our Adviser Advocacy Day in Washington, DC on June 11. Both events are free, and registration is currently open for both. We will keep you posted if developments require that we change those plans.
The IAA is planning a member call to discuss considerations for firms in addressing various implications of the coronavirus developments. We will provide details shortly.
The SEC’s Division of Investment Management has asked the IAA to keep its staff informed of impacts that the coronavirus situation is having on our member firms and potential compliance relief that may be appropriate. We have already had several conversations with Division staff. We encourage you to share information about how your business operations are being affected by emailing IAALegalTeam@investmentadviser.org or by calling the Legal Team at (202) 293-4222.
Adviser Advocacy Day to Focus on Tax, Privacy and Electronic Disclosure Issues
The IAA encourages advisory firm executives to join us in Washington, DC on June 11 for our 13th Annual Adviser Advocacy Day – to make our voices heard on Capitol Hill on key issues affecting our industry – including restoring and expanding the itemized deduction for investment advisory fees, authorizing electronic delivery of disclosure documents in lieu of paper documents, adoption of a comprehensive federal privacy law, making advisory firm owners eligible for the 20 percent pass-through deduction – and more.
Participation is free. We will arrange personalized schedules for you to meet with your members of Congress and their staffs, provide talking points on all key issues and IAA Vice President for Government Relations Neil Simon will brief you on those issues in in a special conference call in advance of Adviser Advocacy Day and again on the morning of our Capitol Hill visits.
And on the evening before our Hill visits, the IAA Board of Governors will host a complimentary welcome reception and dinner featuring one of the nation’s top election forecasters, Cook Political Report House Editor David Wasserman.
With the SEC’s landmark rulemaking on standards of conduct for brokers and advisers, this is a critical time to impress upon legislators our industry’s importance to the economy, to investors, to the capital markets, and to their constituents. We urge advisory executives to join us in our advocacy efforts. Together, we’re making a difference.
The IAA also urges members to use our easy, online Take Action Now tool to contact their federal legislators in support of our tax initiatives.
There is no cost to participate in IAA Adviser Advocacy Day activities, but advance registration is required.
Our welcome reception and dinner – and our morning issues briefing – will take place at the Hyatt Regency Washington in Washington, DC. The IAA is holding a block of guest rooms for Adviser Advocacy Day attendees at a rate of $349.00 plus tax. Attendees can place a reservation online or contact a Hyatt reservation agent at 877-803-7534 and mention the IAA Adviser Advocacy Day to receive the special rate. The group rate is available until Friday, May 15, 2020 or until the room block is filled.
Please let us know if your plans change and you are unable to attend. You are welcome to send a substitute to attend in your place; just let us know.
For questions regarding Adviser Advocacy Day, call (202) 293-4222 or email IAAevents@investmentadviser.org.