Under Rule 206(4)-7 of the Investment Advisers Act of 1940, registered investment adviser ("RIA") firms are required to conduct an annual compliance review. This includes reviewing policies and procedures, conducting a risk assessment, reviewing internal and external changes over the past year, and documentation of the review. Failure to adequately conduct an annual review can lead to serious compliance deficiencies for firms.
To help your firm get started, we created this complimentary checklist outlining 10 critical steps to take during your annual review process.
Note: RIA in a Box LLC is not a law firm, investment advisory firm, or a CPA firm. RIA in a Box LLC does not provide legal advice or opinions to any party or client. You should always consult your relevant regulatory authorities as this information should not be relied upon as currently accurate. This information is provided for educational purposes only and is not an exhaustive list of regulatory requirements.