Mutual Fund Financial Managers

Financial managers have provided accounting and finance services to mutual fund companies ever since the first U.S. mutual fund was formed in Boston in 1924. But the passage of the Sarbanes-Oxley Act in 2002, the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, and other laws have increased regulation of the mutual fund industry, and, consequently, heightened the need for chief financial officers and other financial managers with specialized knowledge of these laws. Donald Trump's election to a second presidential term in November 2024 has created uncertainty in regard to the future levels of regulation of the mutual fund and other investment fund industries. But whether there is more or less regulation, there will continue to be a need for mutual fund financial managers.