It may only be the beginning of August, but it’s time to start focusing on the end of year routine all registered investment advisers must endure in order to remain in compliance with the Rules and Regulation under which they operate. The time period of October 1 through December 31 is a busy time for all of us. But that is especially true for the small investment adviser trying to service its clients and keep up with the ever mounting compliance requirements that the regulatory world keeps throwing at them.
In the midst of end of quarter billings, winding up the year-end financials, preparing for the impending tax season, scheduling year end portfolio reviews with clients, watching the markets while also attending a myriad of Halloween parties, working on travel arrangements for the holidays with the significant other, Christmas shopping and attending a host of holiday parties and school holiday events, it is important to remember the small things that are also important to be done. These things include funding your renewal account with FINRA, reviewing your Form ADV Parts 1 and 2 to ensure they are up to date and reviewing the Form U4 to make sure it is up to date.
So make sure you set time aside to go over the ADV’s, review your contracts, take a look at the Form U4 and most importantly, make sure you fund your renewal account with FINRA.
About Red Oak Compliance Solutions
Red Oak Compliance Solutions is a leading provider of intelligent compliance software, offering a range of AI-powered solutions designed to help firms of all sizes successfully navigate the increasingly complex regulatory landscape. Our suite of 17(a)-4/WORM compliant features offer risk minimization, cost reduction, and process optimization capabilities with features that are designed to evolve with our client’s needs. Our flagship advertising review software enables firms to deliver compliant content to the market with confidence, faster. Our Disclosure Management and Intelligence solution simplifies the management of disclosures, while our Registration Management solution automates and streamlines the licensing and registration process, further enhancing your internal processes.