Business Entities - SEC Registration??

[John Graham]

If I were to create a firm (an LLC) that wanted to buy real estate in. Limited Partnerships are generally seen as the go-to business entity for tax and liability purposes. Naturally, the LLC would charge management fees as the general partner but would I (or the firm) need to register as investment advisor with the SEC to charge and collect those management fees?

I know for any of this I will use any attorney but I was just curious if anyone knows offhand.

Thanks!