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Industry Landscape
Total Assets Under Management (AUM)
in
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( CAGR)
Total Addressable Market
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Artificial Intelligence (AI)
AI-driven tools automate tasks like portfolio analysis and risk assessment, enhancing efficiency and personalization.
Blockchain Technology
Blockchain technology enhances security and transparency in transactions and data management within the financial sector.
Robo-Advisory Platforms
Robo-advisors offer automated, algorithm-based financial planning services, making wealth management more accessible and affordable.
Impactful Policy Frameworks
Regulation Best Interest (Reg BI)
Implemented by the SEC in 2020, Reg BI requires broker-dealers to act in the best interest of their retail customers when making recommendations, which is a higher standard than the previous suitability standard.
The rule will likely increase compliance costs for Altfest but also enhance investor protection, aligning with their fiduciary duty.
SEC Cybersecurity Rule
The SEC proposed new rules in 2022 to enhance cybersecurity for investment advisors and companies, requiring them to adopt written policies and report significant cybersecurity incidents.
Altfest will need to ensure its cybersecurity measures are up to date to comply, which will protect client data and maintain trust.
Anti-Money Laundering Act of 2020
The Anti-Money Laundering Act of 2020, enacted as part of the National Defense Authorization Act, introduced significant reforms to U.S. anti-money laundering (AML) laws, including enhanced due diligence and beneficial ownership reporting requirements.
This act requires Altfest to adapt its KYC and AML processes, potentially increasing compliance costs but reducing the risk of financial crimes.
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