How Will the SEC’s Proposed AUM Threshold Increase Affect my RIA?
In early April 2025, acting U.S. Securities and Exchange (SEC) Commissioner Mark T. Uyeda raised the possibility of increasing the asset threshold required for investment advisor registration with the SEC. With the confirmation and tenure of new SEC Commissioner Paul Atkins on April 21st, it is unlikely this idea will be withdrawn. This potential change […]
How to Prepare Your RIA Firm for a Compliance Audit
An Introduction to the RIA Compliance Audit Process As the owner, officer, Chief Compliance Officer, or manager of a Registered Investment Advisor (RIA), you should be aware that your firm will at some point be audited by your federal or state securities regulator. To help your RIA prepare for the inevitable compliance audit, the Mock […]
How Should an RIA Count Assets Under Management?
Each year from January to March, nearly all Registered Investment Advisor (RIA) firms are busy gathering information to update and file the Form ADV annual updating amendment. During this time, the three most frequently asked questions they have are: How should they count the number of clients? How do they calculate their regulatory assets under […]
2021-2022 RIA Registration Renewal Season: What Investment Advisors Need to Know
This article provides an overview of what investment advisors need to know about the 2021-2022 RIA firm annual registration renewal process.
How Investment Advisers Can Avoid RIA Firm Compliance Conflicts
RIA Compliance: The Conflicts Resulting from Wearing Multiple Hats Many Registered Investment Advisor (RIA) firms offer insurance, tax and accounting, legal, business consulting, and other services to their investment advisory clients. Some registered Investment Advisor Representatives (IARs) are also Registered Representatives at broker-dealers, or are registered with more than one RIA in order to provide […]
The Importance of Building a Rock-Solid Compliance Program for Your RIA Firm
The Importance of Building a Rock-Solid Compliance Program for Your RIA Firm Since going into effect in the early 20th century, the state and federal securities laws and regulations have constantly undergone revision and updating to address emerging risks and changing business practices. As a result, Registered Investment Advisor (RIA) firms are held to an […]
How the SEC’s New Marketing Rule Will Affect Your RIA Firm
How the SEC’s New Marketing Rule Will Affect Your RIA Firm In December 2020, the U.S. Securities and Exchange Commission (SEC) approved an amendment to Rule 206(4)-1 and rescission of Rule 206(4)-3 of the Investment Advisers Act of 1940 (the Advisers Act). The amendment creates a single rule that combines elements of the two rules, […]
SEC Extends Annual Form ADV Filing Due to COVID-19 Outbreak
SEC Extends Form ADV Filing Deadline to RIAs Amid COVID-19 Outbreak The U.S. Securities and Exchange Commission (SEC) has extended the Form ADV filing deadline for registered investment advisers (“RIAs”) impacted by the COVID-19 coronavirus outbreak. The filing extension is outlined in an order issued under the Investment Advisers Act of 1940 (Advisers Act). Under […]