In 2011, coordinated state exams of 825 investment advisors by the North American Securities Administrators Association (NASAA) found 3,543 deficiencies across 13 compliance areas. Registration documentation topped all categories in the number of deficiencies discovered. A full 60% of exams revealed at least one deficiency in this category, primarily from inconsistencies between Form ADV Parts 1 and 2 and failures to make timely ADV updates.
RIA IN A BOX accepts VISA, Mastercard, Discover, and American Express
To best address the increasing need to keep your registration documents updated, we are offering a new low-cost service called Registration Maintenance which includes the following:
- Quarterly Registration Status Monitor: We have developed new technology to generate detailed and easy to read reports with a summary of your firm’s most important registration information and any changes made.
- Annual Registration Renewal: This will fulfill your annual registration renewal requirement.
- Registration of Additional Representatives: As your firm grows, you will be able to add additional reps at no additional cost.
- Unlimited Document Amendments: If you have made any changes to your business or operating practices, RIA in a Box will quickly update and file your registration documents.
Registration Maintenance costs $59.50 per month. Subscribe to this new service so that you can be assured that any changes to your business will be incorporated quickly and accurately into your registration documents. As the frequency of audits increases, you don’t want your firm’s documents getting you in trouble with an auditor.
