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 RIA in a Box's Communications Archiving and Review product release, a push for Securities and Exchange Commission ("SEC") action on diversity and ESG disclosures, South Carolina legislation to protect elder financial abuse, and a call for regulation on cryptocurrency. 

Here's our top investment adviser compliance articles for the week of July 2nd, 2021:

In this post, we discuss the compliance requirements and ethical standards related to employee trading for registered investment adviser (“RIA”) firms. SEC Rule 204A-1 (the "Code of Ethics Rule") under the Advisers Act describes at length, how RIA firms can meet regulatory requirements for this particular topic. Specifically, we discuss the illegal practice of front-running and how RIA firms can do their due diligence to detect and address potential trade violations. 

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 growth of the investment adviser industry, cybersecurity priorities and strategies, and cryptocurrency regulation. 

Here's our top investment adviser compliance articles for the week of June 25th, 2021:

Regardless of whether you’re the chief compliance officer ("CCO") at your registered investment adviser ("RIA") firm or not, you probably know how important it is that you archive every piece of communication intended to be viewed or used by prospects and clients. 

If you’re like many advisors, you post blogs and videos to your website multiple times per month, and update the text on different web pages a few times every year. On top of that, websites are incorporating more and more dynamic content, whether it’s video backgrounds or varying content based on a visitor’s specific information. Without a thorough and reliable archiving solution, your RIA firm could end up with gaps in its data history.

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 news in the wealth management industry, calls for reevaluation of Form CRS, the Security and Exchange Commission's ("SEC") updated "qualified client" threshold, and findings on social media usage for advisors. 

Here's our top investment adviser compliance articles for the week of June 18th, 2021:

A key element of Securities and Exchange Commission ("SEC") Rule 204A-1 or the "Code of Ethics Rule", relates to personal securities trading by requiring all access persons of a registered investment adviser ("RIA") firm to submit securities holdings and transaction reports to the firm's Chief Compliance Officer ("CCO") or other designated person(s).

To simplify the submission and approval process of transaction reports, the MyRIACompliance^® Employee Trade Monitoring solution automatically records, monitors, and consolidates employee personal securities transactions. The cloud-based software eliminates the need to request and review paper brokerage statements by allowing the advisory firm's CCO to automatically monitor employee transactions and holdings for both remote and in-office work forces. In this post, we will highlight the recent enhancements to our Employee Trade Monitoring solution.

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 11th, 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).