RIA Compliance Requirements

RIA Compliance Requirements.  Now that most firms have completed their Annual Amendment filing this is the perfect time to review your RIA compliance requirements.  One of those requirements is to perform a thorough review of your firm’s RIA policy and procedures manual to confirm if your firm has had a change to how it operates, added new relationships that may create a conflict of interest or more generally to confirm that the procedures your RIA firm has in place are still appropriate for the size and scope of your firm.

Recently, I was doing research on the SEC website and came across a series of questions that the SEC published for investment advisor firms to consider when reviewing their policy and procedures.  It is a terrific list of questions but more importantly provides guidance to firms on what to think about in terms of their testing requirements.  

Here is the link to:  Questions to ask from the SEC when reviewing your policies and procedures-see attachment.