Category Archives: Non-Profit
 

RIA Compliance Consultants Published a New Sample Form – Acknowledgement that a Representative’s Role as a Non-Profit Board Member Is Outside of the RIA

November 08, 2019

To the extent that your investment adviser firm has a supervised person who has an outside business activity which involves serving on the board of directors of a non-profit entity, there is a risk that the non-profit entity could be under the belief that the supervised person’s activity on the board of directors is being supervised by the investment adviser firm.  Consequently, RIA Compliance Consultants has released a new sample form that allows an investment adviser firm to document that the non-profit is not an investment adviser client and supervised person’s role as a member of the non-profit’s board of directors is being performed in his or her personal capacity and not supervised by the investment adviser firm.

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