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<h1>Investment adviser regulation: mandatory qualifications, networth thresholds, client-level segregation and no-commission implementation services.</h1> The amendment strengthens regulation of investment advisers by defining key terms (including assets under advice, persons associated with investment advice, and principal officer), imposing minimum qualification, experience and certification requirements for individual advisers, principal officers and all client-facing persons, prescribing networth thresholds for non-individuals and individuals with transitional compliance periods, mandating client-level segregation between advisory and distribution activities at family and group levels, and restricting implementation services to direct products without any direct or indirect consideration while updating application forms and disclosure requirements.