SEC Requires RIAs to Complete Risk Assessment as Part of Annual Compliance Review

December 02, 2020


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While completing the annual review of its compliance program, an investment adviser should update its self-identification of the risks facing the firm.

In its most recent Risk Alert, the SEC noted that “[a]dvisers that claimed to have performed limited annual reviews but failed to identify or review key risk areas applicable to the adviser, such as conflicts and protection of client assets.”

RIA Compliance Consultants has a sample “Annual Review – Spreadsheet for Risk Assessment, Supervision Chart and Assessment Log” which is a spreadsheet with sample risks for assessment purposes, a supervision chart for compliance tasks and an assessment log.  This sample compliance spreadsheet is available on a complimentary basis for its annual compliance program clients (in Bronze, Silver, Gold & Platinum packages) through their online subscription account or for purchase on a la carte basis for $225 at https://www.ria-compliance-consultants.com/product/annual-review-spreadsheet-for-risk-assessment-supervision-chart-and-assessment-log/ .

Additionally, RIA Compliance Consultants recorded a webinar on how an investment adviser can conduct a risk inventory and assessment.  This webinar is available on complimentary basis for its annual compliance program clients and for purchase on a la carte basis for $69.95 at https://www.ria-compliance-consultants.com/product/recorded-webinar-conducting-a-risk-assessment-risk-inventory/ .

If your investment adviser firm is an existing client of RIA Compliance Consultants and would like assistance in completing a self-assessment of its risks, we encourage you to speak with your compliance consultant. Or, if you are not an existing client of RIA Compliance Consultants, click here to set up an introductory call with our Business Development Team.

For additional articles regarding this subject, please refer to the following article: Investment Advisers Should Document Their Risk Assessments at https://www.ria-compliance-consultants.com/2013/07/investment-advisers-should-document-their-risk-assessments/ .

Posted by Grant Parr
Labels: Annual Review, Risk Alert, Risk Assessment, SEC