RIA Compliance and Practice Management Blog

RIA in a Box, ComplySci, NRS and illumis are now COMPLY: Help RIAs comply with state and SEC regulations

Posted by RIA in a Box

Nov 8, 2022 2:26:36 PM

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It’s official! RIA in a Box, ComplySci, NRS and illumis are now COMPLY companies. To help registered investment adviser (RIA) firms continue to mitigate risk and comply with heightened regulations, our four firms have officially come together under one parent brand to bring RIAs the most holistic regulatory compliance solutions on the market. It couldn’t have come at a better time, as ComplySci continues to report statistics on the need for increased technological support in the heightened regulatory compliance environment.

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To highlight the growing need for increased automation as a result of heightened Securities and Exchange Commission (SEC) regulations, ComplySci has reported:

  1. 86% of compliance professionals state they have at least somewhat considered increasing their compliance automation in response to regulatory changes.
  2. 40% of compliance professionals say they would invest more in cybersecurity solutions given the chance.

What does this have to do with the launch of RIA in a Box’s parent brand COMPLY? Everything.

As COMPLY Chief Executive Officer Amy Kadomatsu puts it, “By officially joining our teams together under a single banner and unifying our leadership team, we have affirmed both our dynamic culture and our focus on being the champion for compliance professionals across the financial services industry. Although each business will continue to operate under its well-respected banner, both our customers and our organization will see tremendous benefits as we unlock the full power of the combined knowledge and expertise within each of our companies."

New SEC regulations in 2022 have not been in short supply, with both proposed and final rulings touching on everything from marketing materials to cybersecurity and cryptocurrency. RIA firms are now tasked with meeting compliance demands despite their often-limited budget and resources. When armed with the right technology, education and consulting solutions, RIA firms can effectively navigate the dynamic landscape, mitigating increased risk points while fully complying with all relevant state or SEC regulations.

The COMPLY portfolio of firms is committed to being a direct extension of its clients, providing customized solutions to meet the unique needs of each individual financial firm. By unifying the individual brands, clients can now leverage the combined powerhouse of technology, education and consulting services solutions.

Learn more about COMPLY and the future for RIA in a Box and its clients.

Request a Demo of MyRIACompliance

RIA in a Box LLC is not a law firm, investment advisory firm, or 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 or legal counsel if applicable.

Topics: RIA Operations, RIA Compliance

RIA in a Box LLC is not a law firm, investment advisory firm, or 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 or legal counsel if applicable.

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