services / independent and hybrid ria
INDEPENDENT AND HYBRID RIA
Hybrid and Independent RIA Compliance Services
Independent and Hybrid RIAs face unique compliance challenges. Technology and Custodial broker-dealer relationships drive many of the levers compliance systems are built on. Advisors are independent and expect the latitude to do the best for their Clients. Advisory practices are bought, sold, and merged frequently.
Aspect understands these challenges and brings a depth of expertise in this area and will apply best practices for compliance given the constraints within the space. We approach compliance with efficiency in mind. We know our client’s resources are limited, and we strive to find the solution that fits with the Firm’s risk appetite, in the easiest, most cost-effective way possible.
Our team comes directly from this space. With over 30+ combined years as CCOs for several hybrid and independent RIAs, countless consulting engagements, and assisting clients SEC exams, our team knows what the SEC is looking for, and more importantly, the best practices to meet their requirements in an efficient manner. Our team also has deep expertise with broker-dealer compliance. This allows us to understand the unique relationship between the RIA and the custodian, whether an Independent RIA or a hybrid RIA. We understand the obligations on both sides and where they overlap and in some cases where they diverge and can advise accordingly.
We provide the following services in addition to bespoke engagements:
+ Organization structure consulting, limited purpose broker dealer creation.
+ Annual Reviews – 206(4)-7
+ Full or Partial Mock Audits
+ Due Diligence for Practice Acquisitions
+ Supervisory Review
+ SEC Exam assistance
+ ADV Filing / Amendments
+ Program Creation or Review including:
- Branch Audit Program
- Review of new Business Lines
- Account Surveillance
- Onboarding / Advisor Review
- Investment Committee Review
- Advertising Policy / Review
- New Account procedures