When the new administration took office, members of the wealth management industry assumed that it would result in the loosening of federal and state regulations, and the decrease of SEC RIA oversight. That, however, turned out to be incorrect. At least so far.
The internet provides a huge and growing frontier for criminals, and your firm is always at risk for an attack. Poor data and network management, lax protocols, and lack of knowledge can make any company susceptible. Without the proper protections, unscrupulous people can easily steal information to use, sell, or ransom back to you at […]
Navigating the world of RIA compliance can feel time-consuming at best and stress-inducing at worst. Compliance isn’t always an easy task, but keeping up with DOL, SEC, and state mandates is a necessary step in ensuring the success of your business.
The Financial Industry Regulatory Authority, also known as FINRA, is not a governmental body like the SEC or state RIA regulators, but it still plays a major role in how RIA firms are run and overseen. FINRA is a private, non-profit, self-regulatory organization for broker-dealers. It operates on appointment by the SEC and can levy […]
If you’re shopping around for a powerful RIA compliance software package, you’ve already taken a crucial first step towards ensuring that your firm is audit-ready.
Are you using a simple checklist to keep track of your RIA compliance requirements? If so, you might not be covering all of the complex documents and tasks vital to the health of your business. Compliance can quickly become overwhelming without the right tools to support your processes.
RIA compliance can be so difficult to navigate that it’s easy to lose sight of what it’s all about. Compliance isn’t busywork to keep the SEC off our backs; it’s a safeguard for you and your clients, one that protects both you and them.
The regulations and requirements for registered investment advisors have changed a lot in the last decade, and RIA compliance continues to evolve. But what are the types of RIA compliance, and how can you know which regulatory agency you’re required to comply with?
Everyone’s heard the cliché that time is money. But as a registered investment advisor, this is especially true for you. Your time equals money, both for you and your clients. The more time you can devote to providing the most beneficial, insightful, and valuable wealth management guidance you’re able, the happier your clients will be […]
Preparation is the root of success, especially when it comes to compliance and the tools you use to pass your next audit. In 2014, the SEC announced an initiative to audit at least a quarter of never-before-audited RIAs over a two-year period. No one wants to be the focus of an RIA audit, but according to the […]