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 the global advertising review software of choice in the financial services industry. It is a comprehensive suite of SEC 17A-4 compliant features that are 100% books and records compliant and provides clients with 35% faster approvals and 70% fewer touches or better. We also offer Smart Review(SM), which solves for the storage and maintenance of disclosures, helping firms reduce risk, decrease review times, and increase the speed of distribution of marketing materials. Smart Registration(SM) automates the licensing and registration management process to help reduce regulatory risk and time spent on manual processes. Overall, Red Oak allows firms to minimize risk, reduce costs, and increase compliance review process effectiveness and efficiencies.