Illinois Statutes
§ 1-101.4 — Investment adviser
Illinois § 1-101.4
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 1 - General Provisions: Short Title, Effect Of Code And Other Provisions
This text of Illinois § 1-101.4 (Investment adviser) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 Ill. Comp. Stat. 1-101.4 (2026).
Text
A person is an "investment adviser", "investment advisor", or "investment manager" with respect to a pension fund or retirement system established under this Code if the person:
(1)is a fiduciary appointed by the board of trustees of the pension fund or retirement system in accordance with Section 1-109.1;
(2)has the power to manage, acquire, or dispose of any asset of the retirement system or pension fund;
(3)has acknowledged in writing that he or she is a fiduciary with respect to the pension fund or retirement system; and (4) is at least one of the following:
(i)registered as an investment adviser under the federal Investment Advisers Act of 1940 (15 U.S.C. 80b-1, et seq.);
(ii)registered as an investment adviser under the Illinois Securities Law of 1953;
(iii)a bank, as defined i
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Related
§ 80b
15 U.S.C. § 80b
Legislative History
(Source: P.A. 90-507, eff. 8-22-97.)
Nearby Sections
15
§ 1
§ 1§ 1-101
Short title§ 1-101.1
Definitions§ 1-101.2
Fiduciary§ 1-101.3
Party in interest§ 1-101.4
Investment adviser§ 1-101.5
Consultant§ 1-101.6
Transferor pension fund§ 1-103
Effect of headings§ 1-103.1
Application of amendments§ 1-103.2
§ 1-103.2§ 1-103.3
§ 1-103.3§ 1-104
Cross references§ 1-104.1
GenderCite This Page — Counsel Stack
Bluebook (online)
Illinois § 1-101.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/1-101.4.