Compliance Insights

Compliance Reviews

RIA structure and governance: A foundation for success, a framework for decision-making

Investment advisors often structure a firm in one of three ways: as a partnership, a corporation, or a limited liability company. This white paper discusses how each type of entity is structured, how they differ from one another, and the various tax implications of each. It also explores common provisions found within the key governance documents, and circumstances that may trigger a special review.

Books and records: Key definitions and considerations for investment advisors

Determining which books and records should be kept and how can be a daunting task. This white paper explores the various recordkeeping requirements and offers best practices to consider for general operations and storage, including storage of electronic records.

Key insurance considerations for investment advisors

Perhaps the most critical form of insurance for investment advisors is professional liability insurance, also known as errors and omissions (E&O) insurance. It’s important to understand how these policies work, which risks are covered, and how to secure a policy with favorable language. This will help place you in the best position to preserve your assets and minimize disruption to your business.

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