RIA Compliance and Practice Management Blog

Each week we’re 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 focus on the first steps to creating a succession plan, the growing popularity of paid bloggers, and a further breakdown of the Security and Exchange Commission's Regulation Best Interest ("Reg BI"). Check back each week for the latest list of top stories.

Registered investment adviser ("RIA") firms utilizing our MyRIACompliance^® RIA compliance software platform now benefit from our new integration with Black Diamond which is a leading portfolio management and reporting software provider. The integration allows a joint Black Diamond and RIA in Box MyRIACompliance^® clients to automate compliance and registration requirements to help ensure consistent and accurate registration and Form ADV information is filed.

Each week we’re 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 focus on the effects of the Capital One hack and crowdsourcing, implications for dually-registered advisers, investor questions for advisors from the Securities and Exchange Commission ("SEC"), and succession planning.  Check back each week for the latest list of top stories.

The findings in this blog post come from our annual survey of over 1,350 registered investment adviser ("RIA") firms that was conducted in the first quarter of 2019. This proprietary RIA in a Box study is paired with publicly accessible data provided by the Securities and Exchange Commission ("SEC"). The goal of our annual study is to understand different options that comprise each firm characteristic, and to determine whether specific characteristics affect the growth, size, or operational efficiency of an RIA firm. The focus of this blog post is to explore outsourced portfolio management fees and and trends related to portfolio management outsourcing based on current and past survey data.

Each week we’re 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 focus on the Capital One data breach, why Regulation Best Interest (“Reg BI”) matters for RIAs, and strengthening enforcement of fiduciary duty. Check back each week for the latest list of top stories.

On July 23, 2019, the Securities and Exchange Commission ("SEC") Office of Compliance Inspections and Examinations ("OCIE") released a risk alert reminding registered investment adviser (“RIA”) firms to consider the risks associated with hiring and employing staff members with disciplinary histories and to design policies and procedures that will properly address those risks. This risk alert is a result of a series of examinations conducted in 2017 that, according to OCIE, “assess the oversight practices of SEC-registered investment advisers (‘advisers’) that previously employed, or currently employ, any individual with a history of disciplinary events (‘Supervision Initiative’ or ‘Initiative’).” This series of examinations resulted in numerous observations of deficiencies primarily related to compliance and disclosure issues including undisclosed conflicts of interest.  

Each week we’re 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 focus on a new risk alert from the Securities and Exchange Commission ("SEC") related to employee supervision, how to plan for the new Form CRS, and the growing risk posed to client data from cyber breaches. Check back each week for the latest list of top stories.

The findings in this blog post come from our annual survey of over 1,350 registered investment adviser ("RIA") firms that was conducted in the first quarter of 2019. This proprietary RIA in a Box study is paired with publicly accessible data provided by the Securities and Exchange Commission ("SEC"). The goal of our annual study is to understand different options that comprise each firm characteristic, and to determine whether specific characteristics affect the growth, size, or operational efficiency of an RIA firm. Last week, we discussed how this year's survey findings closely mirror our findings from recent years with the average advisory fee charged at 0.96%. The focus of this blog post is to explore the total average total fees an investment advisory firm charges, including advisory fees and all underlying investment product or manager fees.

Each week we’re 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 top compliance concerns, Form CRS, alternative investment due diligence, and the Securities and Exchange Commission's ("SEC") share-class focus. Check back each week for the latest list of top stories.

The findings in this blog post come from our annual survey of over 1,350 registered investment adviser ("RIA") firms that was conducted in the first quarter of 2019. This proprietary RIA in a Box study is paired with publicly accessible data provided by the Securities and Exchange Commission ("SEC"). The goal of our annual study is to understand different options that comprise each firm characteristic, and to determine whether specific characteristics affect the growth, size, or operational efficiency of an RIA firm. In this blog post, we focus on the advisory and total fees charged by RIA firms. Over the past three years, we have expanded our study to include not only the advisory fee charged, but also the total fee charged to client which would is intended to account for underlying investment product or third-party management fees. The focus of this blog post is on the advisory fee charged directly by the RIA firm. We'll take a look at total fees charged in a future blog post.