Every five years, the U.S. Securities and Exchange Commission is required to adjust for inflation the agency’s dollar-based qualification tests for when an SEC-registered investment adviser can receive compensation based on investment performance. Those tests establish “qualified client” status, which requires that the client generally should have $1 million under management with the adviser or a net worth of $2 million. The $2 million net worth test is set to increase to $2.1 million.