RIA Compliance and Practice Management Blog

Each Friday, 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 growing number of RIAs the Securities and Exchange Commission (SEC) must examine, the new deadline financial advisers must meet to comply with the Department of Labor’s (DOL) fiduciary rule, the SEC’s new cybersecurity guidelines for investment advisers and broker-dealers, the growing interest among financial advisers to start their own RIA firms and a request by industry groups for an extension on the comment period for the proposed expansion of the Custody Rule.

Here are our top investment adviser compliance articles for the week of Mar. 3, 2023:

Each Friday, 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 financial advisers attitudes toward wealthtech, the Securities and Exchange Commission’s (SEC) custody rule and the SEC’s 2023 examination plans.

Here are our top investment adviser compliance articles for the week of Feb. 24, 2023:

Each Friday, 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 Securities and Exchange Commission’s (SEC) concern about the potential risks of stablecoins, financial advisers’ attitudes toward the market at the start of 2023, Wealth Enhancement Group CEO Jeff Dekko’s insights on what drives RIA growth, the effect of a Florida ruling on rollover fiduciary requirements and an overview of the SECURE 2.0 Act.

Here are our top investment adviser compliance articles for the week of Feb. 17, 2023:

Whether a firm has 10 advisers or 10,000, they are still tasked with the same responsibility to build and operate a compliant practice. For firms on the smaller side, however, there are a few added challenges which larger firms with more resources may not face. Primarily, small RIAs tend to lack the time, know-how and personnel to manage compliance processes in-house.

The good news? There are ways small firms can leverage outside help to fill in the gaps and build a robust RIA compliance program without taking time away from their clients. Small RIA compliance is just as important as compliance within mid-sized and large RIAs. Here’s how your firm can tackle these challenges, not matter how small your team.

The Securities and Exchange Commission’s (SEC) Rule 204a-1 or the “Code of Ethics,” requires all 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). In order to mitigate potential risk, RIA firms must carefully manage their employee’s transactions and holdings, implementing a thorough preclearance and monitoring process.

Each Friday, 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 market for acquiring RIAs, the Securities and Exchange Commission’s (SEC) proposed amendment about custodianship, regulations which might debut this year and affect investment advisers, a federal court’s decision to strike down the Department of Labor’s (DOL) guidance about rollovers and how RIAs are hiring in the current state of the U.S. job market.

Here are our top investment adviser compliance articles for the week of Feb. 10, 2023:

Each Friday, 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 release of the Securities and Exchange Commission (SEC) 2023 exam priorities, amendments to the RIA Custody Rule, a look at cryptocurrency and environmental, social and governance (ESG) investing and a highlight of COMPLY Chief Technology Officer Helen Johnson.

Here are our top investment adviser compliance articles for the week of Feb. 3, 2023:

While initially introduced in December 2020, the Securities and Exchange Commission’s (SEC) New Marketing Rule officially went into effect on Mar. 4, 2021, with an effective compliance date of Nov. 4, 2022.

With this change in ruling, registered investment advisers (RIA) now have the ability to use client testimonials, past-performance illustrations and endorsements from third parties. However, these changes are complex and come with a number of restrictions, limitations and a plethora of new disclosure requirements. What did not change, however, is the antifraud provisions of the rule. In other words, be truthful.

Each Friday, 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 how the Securities and Exchange Commission (SEC) conducts its examinations, findings from the SEC’s probes of RIAs over cryptocurrencies, techniques RIAs can implement to find new clients, why some advisers aren’t following the trend of outsourcing portfolio management tasks and the surprising enthusiasm advisers have expressed toward integrating cryptocurrencies into their financial planning.

Here are our top investment adviser compliance articles for the week of Jan. 27, 2023: 

At investment advisory firms, where the work is always plenty and the day are always full, compliance teams cannot afford to just “keep up.” For a compliance team to successfully mitigate the risk of noncompliance, it has to proactively equip its firm with the appropriate compliance protocols and procedures, always staying ahead of trends. In today’s digital-first environment, that often means investigating the latest trends in compliance software and technology and implementing what’s right for the firm.

In 2022, RIA in a Box introduced additional features and functionality designed to help investment advisory firms tackles the most pertinent compliance challenges including heightened risk and increased regulations from the Securities and Exchange Commission (SEC).