Under Dodd-Frank exemptions, pension consultants who control at least 200 million in AUM must register with the SEC. This reflects which threshold category?

• A. 100 million
• B. 200 million
• C. 300 million
• D. 400 million

Answer: (B)

The key idea is that Dodd-Frank sets registration obligations based on how much assets an adviser controls. For pension consultants, the trigger is when they manage at least 200 million in assets. Reaching that 200 million level moves them from an exemption into SEC registration, reflecting federal oversight due to the size of the advisory operation. Advisors with less than 200 million AUM remain exempt (often regulated at the state level). The other dollar amounts are not the threshold for this particular exemption.