The end of the year is a busy time for investment advisors. In addition to caring for clients and undertaking your own strategic planning, you must carve out time for compliance.
In its November 2020 Risk Alert, the SEC’s Office of Compliance Inspections and Examinations (OCIE) outlined concerns about IA compliance. OCIE staff noted that many firms do not emphasize documenting annual reviews and expressed worries about the lack of dedicated resources allocated to compliance activities.
The SEC holds firms to a high standard, and rightly so. But fortunately, you do not have to go it alone. A combination of outside expert advice and compliance management technology solutions can ensure you meet all of the SEC’s compliance standards with relative ease.
Here are the six areas you should focus on before the end of the year and how the pairing of a compliance consultant team and technology solution can deliver the results you need.