RIA Compliance and Practice Management Blog

Each week we are giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on the Security and Exchange Commission's ("SEC") Ad Rule, a new program on elder financial abuse for financial professionals, new legislation regarding Environmental, Social, and Governance ("ESG") disclosures, and the upcoming rule-making on the Department of Labor's ("DOL") Fiduciary Rule. 

Here's our top investment adviser compliance articles for the week of June 4th, 2021:

As a reminder, The North American Securities Administrators Association (“NASAA”) adopted a new investment adviser continuing education ("CE") model rule in November 2020. Beginning in 2022 in the states which adopt the new model rule, an individual investment adviser representative ("IAR") will need to complete 12 continuing education credits per year in order to maintain their IAR registration. Since the new model investment adviser CE rule was adopted, NASAA has released additional guidance for IARs including details on course requirements and consequences for failing to comply.

As IARs prepare to follow the new continuing education requirements, they are awaiting details from NASAA as to which organizations will offer eligible courses. On May 11, 2021, NASAA released a handbook on the investment adviser representatives continuing education (“IAR CE”) program requirements to guide potential content providers on expected criteria.

Each week we are giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on technology announcements in the RIA industry, a call for increased funding and staffing within the SEC, and responses to industry questions related to moving to the RIA model. 

Here's our top investment adviser compliance articles for the week of June 4th, 2021:

The findings in this blog post come from our annual survey of around 1,800 registered investment adviser ("RIA") firms conducted in the first quarter of 2021. 

In this blog post, we focus on the adoption and the differences observed with RIA firms that utilize different portfolio management styles. Portfolio management style is defined as the primary investment management style that a firm uses to manage its clients’ assets: active, passive, or hybrid (a mix of both active and passive).

Each week we are giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on Think Advisor's Tech Round Up, an upward trend of fee-only models for RIAs, and anticipated changes to the Fiduciary Rule. 

Here's our top investment adviser compliance articles for the week of May 28th, 2021:

Today, we announced the release of our new Communications Archiving and Review solution available as part of our industry-leading MyRIACompliance^TM online RIA compliance software platform. The new solution is designed to help the chief compliance officer ("CCO") of registered investment adviser ("RIA") firms capture, retrieve, and review client communications as needed to meet their regulatory requirements for retention as set by Securities and Exchange Commission ("SEC") Rule 204-2 and other relevant state rules. The new Communications Archiving and Review solution is designed for state and SEC-registered RIA firms and includes features that will simplify the necessary tasks to collect, organize, retrieve, and review communications data.

There are over 319.6 billion emails sent and received globally daily. Email has become the crux of how we communicate with both clients and colleagues. We can send important documents, accept offers, and have full conversations all through email. Below we will discuss the in and outs of email archiving for registered investment advisers (“RIAs”).

Each week we are giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on the reintroduction of The Sustainable Investment Policies Act, the foreseeable changes to regulatory exams, requests for the Securities and Exchange Commission ("SEC") to address critical adviser issues, broker-dealers' shifting to RIA models, and anticipated SEC oversight on cryptocurrency regulation.  

Here's our top investment adviser compliance articles for the week of May 21st, 2021:

Each week we are giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on the call for the Securities and Exchange Commission ("SEC") to conduct investor testing on Form CRS, starting an RIA firm, the return of in-person conferences, and the Department of Labor's ("DOL") withdrawal of the independent contractor rule. 

Here's our top investment adviser compliance articles for the week of May 14th, 2021:

Data is the backbone of many businesses. Every piece of communication your registered investment adviser ("RIA") firm sends including but not limited to social media posts, advertisements, and client facing documents need to be filed and archived appropriately. All this can be overwhelming if RIAs do not have a proper archiving system in place. While there are many ways to archive, here are some tips to help you avoid common pitfalls while setting up the right system for your firm.