Join RCC President, Bryan Hill, on Thursday, November 14 at 12:00 PM CT as he expertly presents on an Investment Adviser’s Fiduciary Duty. Under federal law, an investment adviser is a fiduciary and must act in the best interest of its clients at all times. This fiduciary duty requires an investment adviser to provide advice that is in the best interest of the client, based on the client’s objectives, and eliminate or make full and fair disclosure of all conflicts of interest that might incline and investment adviser – consciously or unconsciously – to render advice which is not disinterested.
The Securities Bureau of the Nebraska Department of Banking and Finance has released its 2020 list of requirements for a state-registered investment adviser (IA) and an investment advisor representative (IAR) to renew their registration in the State of Nebraska.
RIA Compliance Consultants Published a New Sample Form – Acknowledgement that a Representative’s Role as a Non-Profit Board Member Is Outside of the RIA
November 08, 2019
To the extent that your investment adviser firm has a supervised person who has an outside business activity which involves serving on the board of directors of a non-profit entity, there is a risk that the non-profit entity could be under the belief that the supervised person’s activity on the board of directors is being supervised by the investment adviser firm. Consequently, RIA Compliance Consultants has released a new sample form that allows an investment adviser firm to document that the non-profit is not an investment adviser client and supervised person’s role as a member of the non-profit’s board of directors is being performed in his or her personal capacity and not supervised by the investment adviser firm.
Preliminary Renewal Statement Available Monday
November 07, 2019
Starting Monday, November 11, 2019, a registered investment adviser firm can access, via its IARD account, its Preliminary Renewal Statement for 2020 renewals. The Preliminary Renewal Statement must be paid, in full, by Monday, December 16, 2019. Depending on your method of payment, it may take at least two days for a payment to post to the IARD account. Because of this, your firm’s payment should arrive at FINRA no later than Wednesday, December 11, 2019, to ensure that funds are posted to your firm’s IARD account by December 16, 2019.
Investment Advisers Should Begin Preparations for 2020 Renewals
October 29, 2019
As annual renewal season rapidly approaches, investment advisers should be proactive and begin preparing for renewals by reviewing to make sure the investment adviser is properly registered or notice filed, as applicable, and that its investment adviser representatives are properly licensed with all required state securities regulators. The IARD Renewal Program serves to facilitate the annual renewal of investment advisers and their investment adviser representatives’ registrations with the appropriate state securities regulators. Although, an investment adviser’s registration, notice filing, and licensing requirements are some things that should be reviewed and monitored on an ongoing basis, during the annual renewal process all investment advisers should review their existing registration or notice filing status and each investment adviser representative’s licensing status to confirm that the investment adviser and its representatives are properly registered, notice filed, or licensed (as applicable). Additionally, all state registered investment advisers should also review the state requirements to see if branch office registration is required and, if it is, investment advisers should confirm that all branch office locations have been properly registered.
National Compliance Officer Day – Not All Heroes Wear Capes
September 27, 2019
Yesterday was the fourth annual Compliance Officer Day, a day to recognize and appreciate the work done by compliance professionals. RIA Compliance Consultants recognizes the 24/7 role demanded of compliance officers and personnel. We would like to thank you for your tireless work at building ethical cultures and helping your colleagues do the right thing. In appreciation to your dedication to compliance, we are offering a 25% discount on all of our Sample Compliance Forms and Compliance Training Webinars. Click here to shop on our online store. The 25% discount will be applied automatically at checkout.
NASAA Releases 2019 Investment Adviser Coordinate Examinations Report
September 25, 2019
2019 Investment Adviser Compliance Conference Just One Week Away!
September 05, 2019
You only have one week to register for our 2019 Investment Adviser Compliance Conference. There is still time for you to choose to either join us and fellow investment adviser compliance professionals in Omaha, NE on Sept. 11 and 12 or watch our LiveStream broadcast of Day 2 of the conference (Sept. 12) from the comfort of your desk.
Join RIA Compliance Consultants on Wednesday, September 11 and Thursday, September 12 at the Scott Conference Center in Omaha, NE. Don’t miss this opportunity to learn from industry experts, engage with like-minded peers, and connect with the top leaders in the industry all in the name of the best interest of your clients. Need more convincing?
The Securities Bureau of the Nebraska Department of Banking and Finance has proposed a new rule which would require investment advisers to develop and maintain physical and cybersecurity policies and procedures designed to protect client records and information.
