On November 15, 2016, shortly after Donald Trump was elected President, we released our first take on how the election of Trump could impact registered investment adviser ("RIA") regulation. Nearly two months later, on January 5, 2017, we released a second take following key appointee announcements. Now, nearly a year later, we take a look at what may be still to come in regards to the Department of Labor ("DOL") fiduciary rule, the Dodd-Frank Act, and efforts to increase the audit frequency of RIA firms registered with the Securities and Exchange Commission ("SEC"). To date, the overall impact of President Trump on RIA regulation has been relatively muted. However, we have observed some impact as it relates to the DOL fiduciary rule and efforts to increase investment adviser regulatory examination frequency.