Recordkeeping requirements for registered investment adviser (“RIA”) firms are set at a high bar. After all, your firm is dealing with vital personal documents for people and businesses. This is an important vault, and you need quick, easy access to the paper trail for several reasons.
SEC Rule 204-2 requires true, accurate and current records of the major categories we’ll explore here. That used to mean a storage unit full of boxes of files and now it might be a thumb drive or a digital vault in the cloud, but the content and intent are the same: accurate records, preserved in their original state, organized for easy retrieval.
Below we will highlight the major categories of records required for RIAs and the characteristics of each.