An article published by RIA in a Box recently highlights the details of a National Exam Program Risk Alert from the Securities and Exchange Commission (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”). The report identifies the five areas that account for the most common deficiencies indicated in letters to registered investment adviser firms registered with the SEC. The five areas indicated in the risk alert were compiled by the data from over 1,000 RIA audits.
If you are a solo practitioner, or partner in a smaller firm, you are at least sharing the Chief Compliance Officer responsibilities, if not shouldering them entirely. Now, I could list the five areas outlined in the report, but what if you could outsource that responsibility? The time saved by outsourcing compliance responsibilities could be spent doing the things you went independent for in the first place – serving your clients, having time to find new clients, and achieving the lifestyle you want.
If you would like to learn more about the five most common deficiencies indicated in letters to registered investment adviser firms, you can find the original article here.
If you want to learn more about outsourcing that responsibility, and much more, visit us here.