Glossary

SEC Marketing Rule

Rule 206(4)-1 governing investment advisor marketing, effective November 2022, replacing the older Advertising and Cash Solicitation Rules.

The SEC Marketing Rule (Rule 206(4)-1) is the SEC regulation governing investment advisor marketing, effective November 2022. It replaced the older Advertising Rule and Cash Solicitation Rule. Key requirements: net-of-fees performance presentation, restrictions on hypothetical performance, disclosure requirements for testimonials and endorsements, methodology disclosure for third-party ratings, books-and-records retention for 5 years. The Marketing Rule applies to virtually all investment advisor communications: websites, blog posts, social media, sales decks, performance reports, even individual emails sent at scale. Empire325 builds compliance-first marketing programs aligned to the Marketing Rule for hedge funds, RIAs, asset managers, and private equity firms.

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