Ensure Timely Preliminary Renewal Statement Payments

November 21, 2019

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Don’t wait until the last minute to submit your annual renewal fees. FINRA must be in receipt of the full payment listed on the Preliminary Renewal Statement, which is now available, by Monday December 16, 2019. Investment advisers with sufficient funds in their Flex-Funding Account to cover the Preliminary Renewal Statement payment will have funds automatically transferred beginning December 16, 2019 to the Renewal Account to cover total renewal fees owed. Investment advisers that choose to mail in their payments are advised to do so now to avoid delays and to ensure funds are received by the deadline. If your investment adviser would like assistance with the annual renewal service, click here for more information on or to purchase RIA Compliance Consultants’ IARD Renewal Program and ADV Amendment Services.

We recommend that you utilize our IARD Renewal and ADV Annual Amendment Service. In addition to assisting you with the IARD renewal process, this service includes preparing and filing your investment advisor firm’s Form ADV Part 1 Annual Amendment, which is required to be filed within 90 days after the firm’s fiscal year. Click here to purchase our 2020 IARD Annual Renewal and Form ADV Annual Amendment Services.

Additionally, if you are an SEC registered investment adviser firm serving a retail investor, RIA Compliance Consultants will be offering an investment adviser Client Relationship Summary/Form ADV Part 3 (“Form ADV Part 3”) drafting service for $595 subject to certain restrictions (see engagement agreement letter linked here for those restrictions).

The Form ADV Part 3 is only for an SEC registered investment adviser serving a retail investor, which is a natural person, or the legal representative of such natural person, who seeks to receive or receives services primarily for personal, family or household purposes. For additional information about the Form ADV Part 3, please visit https://www.ria-compliance-consultants.com/form-adv-part-3-faqs/.

The $595 drafting service will only be available if you purchase the service and execute a letter of engagement prior to April 1, 2020. After March 31, 2020 these services will be subject to availability and prices will increase. Again, the Form ADV Part 3 is only applicable to SEC registered firms with retail clients.

  • Click here to purchase IARD Renewal and ADV Annual Amendment Services.
  • Click here to purchase IARD Renewal, ADV Annual Amendment, and Form ADV Part 3 Drafting Services.

*NOTE: Firms managing private funds may be charged additional fees. If you manage one or more private funds, please contact us to discuss the fee prior to engaging RIA Compliance Consultants for the 2019 IARD Renewal and Form ADV Annual Amendment package.

Posted by RCC
Labels: Annual Amendment, Renewals