Background & Mission
The Investment Adviser Association is a not-for-profit organization that exclusively represents the interests of fiduciary 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.
The Association played a major role in the enactment of the Investment Advisers Act of 1940, the federal law regulating the investment adviser industry. Today, the IAA’s members manage $25 trillion in assets for a wide variety of clients, including individuals, trusts, investment companies, private funds, pension plans, state and local governments, endowments, foundations, and corporations.
Investment Adviser Association Purpose Statement
To serve the interests of the investment advisory profession.
Investment Adviser Association Mission Statement
To be the leading industry organization:
- Promoting high standards of fiduciary duty, integrity, public responsibility, and competence in the investment advisory profession.
- Providing effective, quality representation of the investment advisory profession with respect to the development, formulation, and enactment of legislation, regulations, and other policies relating to investment advisers.
- Offering benefits, services, and resources that assist and add value for member firms.
Service and Excellence
The Association provides various services and benefits to its membership, including representing the interests of investment advisers before the U.S. Congress, the Securities and Exchange Commission, the Department of Labor, state securities commissions, and other governmental entities on issues affecting its membership and the investment advisory profession.