Investment Advisors Registration Rule in the United States

The co-founder and CFO of Omnia Medical, Christopher J. Henneforth holds a BS and MBA in finance from the Ohio State University Fisher College of Business. Christopher J. Henneforth also has a solid grasp of financial management and capital raising previously working as an investment adviser.

An entity that offers advice to others or produces securities reports or analyses for pay falls under the United States Investment Advisers Act of 1940 definition of an investment advisor. Unless they qualify for an exemption, every financial practitioner must register as an investment advisor.

The Securities and Exchange Commission (SEC) and state securities regulations hold investment advisors accountable. Investment advisers with more than $110 million in assets under management fall adhere to SEC regulations. All SEC-registered investment advisors must have a documented policy on privacy and ethics.

Investment advisors with less than $110 million under management are typically regulated by the state. An investment advisor can register with the SEC when their assets under management reach $100 million.