For over 30 years, Mr. Adelfio has served as outside counsel to investment companies, independent directors and investment advisers. As regular outside counsel, he is extensively involved in board-level matters and provides day-to-day advice and guidance on legal, regulatory and compliance matters. He works with clients on the annual contract renewal process and on periodic oversight. He advises clients on risk management, conflicts of interest, fiduciary matters, affiliated transactions, contract negotiations and regulatory changes affecting their business activities. He provides guidance and counsel on new product initiatives, including key structural and disclosure issues.
In addition to ongoing advice and counsel, Mr. Adelfio has handled a range of complex transactions and matters over the course of his career, including, most recently:
- A top 15 U.S. fund complex in its acquisition of the assets of a top 25 mutual fund complex, one of the largest consolidations in the history of the mutual fund industry
- A top 20 U.S. fund complex in a spin-off transaction following the adviser’s sale of the bulk of its asset management business
- Serving as an expert witness in a post-financial crisis SEC enforcement proceeding involving a large U.S. fund complex
- Launching several novel registered funds that attained multi-billion dollar asset levels in very short order
