Has Your Investment Adviser Updated its Written Policies and Procedures?

February 28, 2013

With the new year upon us, SEC registered investment advisers and most state registered investment advisers are reminded that in addition to adopting and implementing written policies and procedures, registered investment advisers are also required to review policies and procedures at least annually for the adequacy and effectiveness of the implementation of such policies and procedures. When conducting a review, investment advisers should consider items in your written policies and procedures that may need to be added, revised, or updated due to exam deficiencies, violations that have occurred in relation to the existing policies and procedures, changes in your registered investment adviser’s business model or regulatory changes. Examples may include changes in your investment adviser’s registration requirements or changes in policies concerning the use of social medial, political contributions or supervising branch office locations.

In order to assist investment advisers with efficiently updating or development their written policies and procedures, RIA Compliance Consultant’s has created an online tool, RIA Express-Compliance Manual Drafter, to streamline this process. Using this online tool your investment adviser will complete a detailed questionnaire about your investment adviser’s personnel, business model, and changes in your procedures and practices. The answers to the online questionnaire will generate a customized written supervisory procedures and code of ethics manual, via our electronic compliance manual authoring wizard. By using this tool your investment adviser will be able to develop its initial written policies and procedures or an updated manual reflecting current regulations and revisions to your investment adviser’s existing policies and procedures.

The fee for this Self-Customized, Regulator Specific Manual that you prepare for your investment adviser through RIA Express – Compliance Manual Drafter is $695. To purchase this product or for more information about this project, please visit our online store here.

Posted by Bryan Hill
Labels: Compliance Program, Compliance Tool, Written Policies and Procedures