Investment Counsel Association Of America - ICAA


DEFINITION of 'Investment Counsel Association Of America - ICAA'

A non-profit organization whose members work in the investment advisory profession. The Investment Counsel Association of America represents the interests of its members to regulatory bodies, such as the Securities and Exchange Commission (SEC). It also establishes standards and principles designed to govern the actions of its members, including those involving fiduciary duty.

BREAKING DOWN 'Investment Counsel Association Of America - ICAA'

Founded in 1937, the ICAA was a major player in the creation of the Investment Advisors Act of 1940, a federal law regulating investment advisors and professionals.

  1. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  2. Investment Advisers Act of 194 ...

    A piece of legislation passed in 1940 that, among other things, ...
  3. Registered Investment Advisor - ...

    An advisor or firm engaged in the investment advisory business ...
  4. Investment Advisor

    As defined by the Investment Advisors Act of 1940, any person ...
  5. Securities Exchange Act Of 1934

    The Securities Exchange Act of 1934 was created to provide governance ...
  6. Capital Markets

    Capital markets are markets for buying and selling equity and ...
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  1. Is a financial advisor allowed to pay a referral fee?

    A financial advisor is allowed to pay a referral fee to a third party for soliciting clients. However, the Securities and ... Read Full Answer >>
  2. Do financial advisors get paid by mutual funds?

    Financial advisors are reimbursed by mutual funds in exchange for the investment and financial advice they provide. A financial ... Read Full Answer >>
  3. Do financial advisors prepare tax returns for clients?

    Financial advisors engage in a wide variety of financial areas, including tax return preparation and tax planning for their ... Read Full Answer >>
  4. Is a financial advisor required to have a degree?

    Financial advisors are not required to have university degrees. However, they are required to pass certain exams administered ... Read Full Answer >>
  5. What fees do financial advisors charge?

    Financial advisors who operate as fee-only planners charge a percentage, usually 1 to 2%, of a client's net assets. For a ... Read Full Answer >>
  6. How often do mutual funds report their holdings?

    The Securities and Exchange Commission (SEC) requires mutual funds to report complete lists of their holdings on a quarterly ... Read Full Answer >>

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