SIFMA Mutual Fund Roundtable

On October 12th, Gartland and Mellina Group was invited to the SIFMA Mutual Fund Roundtable in San Francisco to discuss the impact of the proposed SEC regulation on Money Markets. The event was held at the Charles Schwab offices and had 16 broker dealers represented responsible for Mutual Funds, Money Markets and 529s.

Members from the Wealth and Investment Management practice at GMG attended and presented its analysis on the proposed Money Market Reform. The proposal released in June, 2013 requires all Institutional Prime and certain Tax-Exempt Money Market Funds to operate with a Floating Net Asset Value (NAV) and / or requires Non-Government Money Market Funds to Impose a 2% Liquidity Fee or Redemption Gate.

GMG discussed the impacts of the SEC proposal to broker dealers, clients and the Money Market industry including potential implementation costs and timing. Comments were submitted to the SEC by SIFMA in September and a final version of the regulation is expected in Q1 2014.

Gartland & Mellina Group — A Management Consulting Company