Tools for RIA Compliance Consultants

Tools for RIA Compliance Consultants

When you’re an RIA compliance consultant, chances are you’ve got more than one job title. In a small business especially, you might also serve as the company CEO, CCO, accountant, social media administrator, human resources representative, or office manager. To perform any or all of these duties well, you need easy-t0-use tools for RIA compliance consultants that can help to optimize your workflows.

You’ve got a lot to deal with, and juggling so many tasks can negatively impact your ability to deliver on best practices for your client list. When it comes to compliance and passing the inevitable audit, stakes are high for both you and your customers.

So, how do you keep up without losing your mind? Here are three tools for RIA compliance consultants that you should consider.

1. Social Media Management

Active and engaged social media profiles are mandatory when marketing to a tech-savvy public. But it isn’t as simple as posting a few updates on each platform and hoping for the best. Representing your business and building customer confidence takes time and a good digital strategy. Efforts must be targeted and well-timed. A social media manager is often a full-time position in many companies, and with good reason.

Even if you don’t yet need or have room in your budget for a dedicated social media manager, you can still make the job easier on yourself. Using an application like Hootsuite (just one of many good options) helps you keep track of all your accounts on one platform. You can use it to post across multiple social media sites, schedule posts ahead of time, and answer comments and messages – all from the free mobile app and browser interface.

2. Accounting Assistance

Keeping your clients on track for compliance is part of your job, but keeping your business on track poses its own problems. Other great tools for RIA compliance consultants include professional accounting services. Alternatively, a straightforward product that helps you manage your company finances with no need to fuss with spreadsheets or paper invoicing is also a great option. QuickBooks and other similar products offer turnkey usability that allows you to plug in numbers, track expenses, store receipts, and even send invoices and receive payment. You can even track mileage and receipts on the go through your phone or other mobile device.

3. Compliance Software

If you’re keeping track of your clients’ compliance tasks with spreadsheets, text documents, and paper files, do yourself (and them) a huge favor by investing in a robust, modern compliance software package like Smartria. Though advanced functionality and intuitive user controls, you can work more effectively without having to take on more staff or invest in more costly solutions.

With automated alerts, secure, cloud-based document storage, and an all-in-one platform, compliance software keeps RIA firms audit-ready. Compliance software can even serve as client acquisition and retention tools for RIA compliance consultants, as it helps demonstrate a professional and extensive commitment to effective, streamlined processes.

You can find out more about Smartria, and even test-drive the software, with our free, 30-minute demo.

Schedule a Demo

Request a Free Demo