Upcoming Webinar – Compliance Risks of Using Wrap-Fee Program

September 03, 2021


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On Thursday, September 30, 2021 at 12:00 PM CST, RIA Compliance Consultants will present a live compliance training webinar about the Compliance Risks of Using Wrap-Fee Program. During this webinar our Senior Compliance Consultants will discuss the Division of Examinations (the “Division”) of the U.S. Securities and Exchange Commission (“SEC”) Wrap-Fee Risk Alert about its assessment of investment adviser firms associated with wrap fee programs.

Click here to Register for Compliance Risks of Using Wrap-Fee Program

SEC Wrap-Fee Risk Alert Background

On July 21, 2021, the Division of Examinations (the “Division”) of the U.S. Securities and Exchange Commission (“SEC”) released a Risk Alert about its assessment of investment adviser firms associated with wrap fee programs.SEC Building The SEC identified multiple areas where the investment advisers examined were deficient in their policies, procedures, and practices related to wrap fee programs, and further noted a range of industry practices that investment advisers might consider adopting to meet their fiduciary duty when recommending and managing wrap fee programs.

Additional Resources

SEC Risk Alert – Wrap Fee Programs -July 26, 2021

FAQ – Wrap-Fee Programs and ADV Part 2A Appendix 1 Wrap Fee Disclosure Brochures

SEC Requires RIAs to Complete Risk Assessment as Part of Annual Compliance Review – December 2, 2020

SEC Enforcement Action Against an Investment Adviser Over Limiting Wrap to NTF Funds – August 31, 2020

Posted by RCC Admin
Labels: SEC, Wrap Fee