BD/RIA

Helping RIAs Reach Elite Status

A recent Elite RIA Study indicated several common characteristics. Elite RIAs are more likely to use specialists in virtually every area except technology. This allows for a team-based approach that helps land bigger clients and allows professionals to focus on what they do best. Using Investment Specialists allows multiple advisors to work on client needs, …

Helping RIAs Reach Elite Status

SEC Cracks Down on Compliance Deficiencies for RIAs

In a recent sweep of RIAs SEC examiners found widespread compliance deficiencies. Over half of the RIAs examined were cited for deficiencies relating to portfolio management practices, investment recommendations, managing and disclosing conflicts of interest, and appropriate investment allocations. Specific areas of concern included: Outdated policies, controls, and procedures Not adhering to stated policies, controls, …

SEC Cracks Down on Compliance Deficiencies for RIAs

BDs/RIAs – Something New and Different in Private Placement Disclosures

 BDs/RIAs should be aware of changes they may be seeing in current PPMs due to varying interpretations of the July 1, 2020 FINRA Regulatory Notice 20-21, providing guidance on NTM 2210, relating to communication with the public on DPPs.  In the Notice FINRA indicates they may feel it unreasonable to have public communication which includes …

BDs/RIAs – Something New and Different in Private Placement Disclosures