Compliance is often expensive and difficult to justify as a full-time position in many RIA firms. As a result, the proportion of advisors farming out the compliance function to a third party has increased 33% over the last year.
Barney Frank has decided to retire at the end of his current term, but he's going to fight for his regulatory goals -- including, just maybe, keeping advisory firms under a SEC mandate.
The announcement that state regulators have announced coordinated reviews for the 3,200 advisory firms they are taking over from the SEC points out an overlooked irony in the "switch" process.
Regulatory compliance and advertising review services.
You'll be emailed a discount coupon for $30 off the CFP® Ethics Class after signing up for A4A's $60 quarterly membership, featuring Fritz Meyer, Bob Keebler, and Craig Israelsen.