Compliance Insights

Compliance Reviews

Regulatory readiness: How to attain and maintain a state of exam preparedness

Maintaining a mindset of perpetual readiness is the best way to prepare for an SEC exam. That means that the firm embodies a culture of compliance through its staff training, policies and procedures, client communication, and timely completion of routine compliance tasks. As rules and regulations evolve, having a plan to keep the firm's policies and procedures up to date can help avoid last-minute panic when an exam is scheduled.

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.

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