The Securities and Exchange Commission's role in setting regulatory changes for the asset management industry will be of even greater importance.

Donald Trump's first year as president left many in asset management wondering what to expect. What does 2018 hold?

Here are three basic observations to keep in mind as one considers what the new Trump administration portends for the asset management industry.

The Madoff case should serve to emphasize that Congress and regulators should take action to extend the fiduciary duty of investment advisers to all who give investment advice.