Investment Adviser Association
|Investment Adviser Assocation|
The Investment Adviser Association is a not-for-profit organization that represents the interests of SEC-registered investment adviser firms. The Association was founded in 1937 as the Investment Counsel Association of America. Its name was changed to the Investment Adviser Association in 2005. It consists of approximately 500 firms that manage assets for a wide variety of institutional and individual clients, including pension plans, trusts, investment companies, endowments, foundations, and corporations. 
The Investment Adviser Association works with policy makers on every legislative and regulatory issue that directly affects investment advisers. It represents the interests of investment advisers on Capitol Hill and works with members of Congress and their staffs to educate them about relevant issues.
The IAA regularly comments on rule changes proposed by the SEC, Department of Labor, other federal and state agencies, and international regulators that directly affect the investment adviser industry and the IAA membership. 
The Association played a major role in the enactment of the Investment Advisers Act of 1940, the federal law regulating the investment adviser industry.