Compliance Services, Anglia Compliance, Brokers, Peter Spencer

We ensure your brokerage is current and up to date with state regulators in the NMLS. Managing the requirements to maintain your license can be time-consuming, and the fines, penalties, or even loss of license can be stressful. We needed an additional 24 to meet FINRA expansion requirements – CXG really came through for us.

We outsource as much as possible to Red Oak to keep us focused on managing money and the business. Always accessible and current of compliance topics an RIA and hedge fund faces on recurring basis. Laven is a global consultancy specialising in software designed to streamline the compliance process, reinventing traditional consultancy with the use of RegTech. Click the boxes below to find out more about the specific services we offer to Brokers.

Broker Dealer Compliance Services

A division of The Spaulding Group, Inc., Spaulding Verification Services team of senior-level GIPS and performance specialists provide firms with the support and guidance they need to achieve compliance with the GIPS standards as efficiently as possible. And, for firms that cannot or choose not to claim compliance with the GIPS Standards, we offer “non-GIPS” performance verifications to attest to the appropriateness and accuracy of their performance. MyComplianceOffice enables automation of a broad range of compliance activities, including personal trade and conflict of interest activities, and provides an unparalleled ease of use in its approach to monitoring those activities. Oyster’s consultants are located in over a dozen U.S. cities coast to coast, with a growing international presence in Bermuda and Europe that enables us to assist firms with complex needs. Our clients range from start-ups to some of the most widely recognized names in financial services. Call us to find out why experienced industry practitioners add more value and give better service than career consultants.

They are always so responsive, helpful and insightful and make my experience with AdMaster first class. Receive the latest news, in depth features and white papers on the fast changing issues for the fund industry. CRC is staffed with a team of Executive Level Compliance Officers that specialize in establishing, maintaining and executing Institutional / Capital Markets, Retail and Ultra High-Net Worth Broker-Dealer (”BD”) Compliance Programs. In today’s rapidly changing regulatory environment along with the ever constant drive for efficiency, CRC is the perfect partner…

State-registered Investment Advisers should check state regulations on whether a similar filing is required. Tolerisk® is a 2-dimensional risk tolerance assessment tool for all types of Investment Advisors and Financial Planners. Unlike traditional 1-dimensional risk tolerance exercises which focus primarily on the client’s willingness to accept risk, Tolerisk separately measures each client’s willingness and ability to take investment risk by incorporating cash-flows. All factors are combined into a simple, measurable, and actionable risk directive. Tolerisk also demonstrates the key drivers of each client’s risk tolerance, how it will likely evolve through time, and even the client’s probability of outliving his money. Learn how Tolerisk can help you grow your practice and demonstrate the highest fiduciary standards.

Compliance Science delivers the above offerings to 500+ organizations… including RIAs, Broker / Dealers, hedge funds, asset managers, pension funds, law firms, and other professional services organizations. The website of the North American Securities Administrators Association (“NASAA”), a membership association of state securities regulators, contains a variety of information concerning investment advisor registration and compliance. Interactive Brokers has collected links to key regulatory websites to help advisors find information about their regulatory and compliance obligations. We have included links to the websites maintained by the SEC, state regulators, NASAA and SIFMA . Get hands-on registration and start-up compliance support from our preferred providers, including Red Oak Compliance, RIA Compliance Consultants and RIA in a Box and more. You didn’t get into the brokerage business to spend time and staff resources on compliance and data-entry.

Links To Key Regulatory Information

They got my approval quickly and efficiently—even working after hours—saving me a lot of time which ultimately saved me money. Their work was superior—they didn’t just meet my expectations they exceeded them. Laven provides a broad range of services for its Broker clients that can support a firm at any stage of its lifecycle, from startups to large international corporations. Develop functional specifications to support integration, implementation, testing and validation, and program delivery requirements leveraging Market Structure expertise, Cyber Security and technology solutions. While broker-dealers routinely give investment advice as part of their brokerage activities, the “Broker-Dealer Exclusion” is arguably the most frequently relied upon, yet most complex, exclusion from the “investment adviser” definition. This Spotlight offers a brief review of an advisory firm CCO’s responsibilities and analyzes specific circumstances where a CCO may face personal liability.

MZQ Consulting offers a Benefits Compliance Consulting service to brokers and TPAs that includes exclusive access to our diverse Compliance Team. A dedicated MZQ Compliance Specialist will help you through the entire 5500 filing process, from preparation to filing, including the Summary Annual Report. The Department of Labor and Internal Revenue Service will often audit employer’s provided information about their group-sponsored benefits and reporting. The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000. The DOL penalty for late filing can run up to $2,233 per day, with no maximum. Navia’s online tool is designed to make your testing experience easy and lower your incorrect results.

Form Crs

Self-funded health plans, including HRAs and health FSAs, are covered entities directly subject to HIPAA. Our HIPAA manual is specifically tailored to employer-sponsored health plans. And, since documentation alone is not enough, we also include web-based HIPAA training for your HR staff. Audit preparation and support across regulatory compliance initiatives including Dodd Frank Regulations, Sales and Trading, Investment Advisor and Broker Dealer regulatory requirements. This Spotlight focuses on SEC’s 2021 Risk Alert relating to investment advisers participating in wrap fee programs.

We provide comprehensive business planning, registration, and compliance design services for RIAs and those seeking independence. AdvisorAssist can also deliver these services discretely, to enable advisors to continue serving clients through their existing firm. Our team of experienced financial services professionals is as diverse and dynamic as the firms and advisors we work with. Our collective background includes wealth management, financial planning, valuation, recruiting, and just about everything in between.

Interactive Brokers has provided this due diligence information to help advisors trading on the IBKR platform or considering a switch to IBKR as a prime broker or custodian. This information is not intended to be an exhaustive presentation of IBKR’s record or profile. Celebrating 135 years in business, the Investment Industry Practice Group of Starkweather & Shepley Insurance is an industry specialist in providing all lines of insurance including Cyber Liability, D&O/E&O Liability and ERISA/Fidelity Bonding. Our practice group prides itself on coordinating coverages and helping clients understand what they are purchasing all while helping their bottom line.

If you do not have any retail investors to whom you must deliver a relationship summary, you are not required to prepare or file one. Individuals with high net worth are deemed as retail investors for Form CRS purposes, while organizations (e.g. hedge funds, private equity funds, venture capital funds, family offices) are not retail investors. Advisors can create restrictions on the trading in specific accounts or of the users in their Advisor account. Initial and amendment filing notice alerts and reports for Schedules 13D/13G filing obligations. Investment advisors that manage large amounts or large positions need to file certain reports with the U.S.

This clash could result in the advisor knowingly or unknowingly giving advice that is not in the best of the client. This Spotlight discusses specific requirements for an investment adviser’s Code of Ethics, under Rule 204A-1 of the Investment Advisers Act of 1940. This Spotlight provides an overview of compliance actions expected of investment adviser subject to the California Consumer Privacy Act of 2018. Advisors must decide whether to buy Errors & Omissions or other insurance and make sure they post the required bonds. This Spotlight outlines the factors advisors should consider when deciding what insurance to purchase and the federal and state rules regarding the bonds and net worth requirements governing advisors. Advisors must maintain written compliance policies and procedures reasonably designed to prevent, detect, and correct violations of applicable law and a Code of Ethics.

With Fund Manager you can keep accurate records of your portfolios, and generate a wide variety of graphs and reports for your clients. Some states’ “custody” rules require that advisors send, or have their broker send, these invoices to clients who sign up for automatic billing of advisory fees. (You may also need to send these invoices to your clients if you have “custody” under the SEC’s or your state’s custody rule for another reason.) Please review the state rules relevant to your firm to determine if you need IBKR to send your clients these invoices.

Friends Insurance Brokerage has successfully managed and insured clients since 1994. We specialize in Home Insurance, Property Insurance, Liability Insurance, Automobile Insurance, Business Insurance, Workers Compensation, and NYS Employers Workers Disability. Throughout the years Friends Insurance Brokerage has thrived as a successful and straightforward insurance office licensed in multiple states. So with more than a decade of experience in regulation, our team will provide you with guidance you can trust. Using cloud server technology, a financial institution will upload its files to a secure, online file server. As a fiduciary, an adviser has ab obligation to seek to obtain “best execution” of client transactions.

Please be advised that we cannot provide legal advice or address specific situations prior to being engaged. For each provider, we have included the provider’s name, contact information, a short description of its services prepared by the provider and any discounts the provider asked IBKR to include. An overview of free software tools to assist advisors with their compliance obligations. Compliance Services Our comprehensive offering of compliance services allows you to focus on your business.

Places Near New York With Management Consultants

Employers are responsible for ensuring their benefits are tested and corrective measures taken when necessary. Navia is here to reduce or eliminate those fines by bringing your filings current, applying for the DFVCP, and negotiating with the DOL. Navia assists plan administrators by preparing and filing delinquent Form 5500 or Form 5500-SF under the DFVCP. We specialize in Delinquent Form 5500 Filing and will guide you through the process and complete the filings.

• With Broker Audit Pro, you will have a dedicated Compliance Consultant to advise you in responding to the examiner.
• RIA Compliance Consultants is not law firm and does not provide legal advice.
• Our team of over 50 experienced industry leaders includes former C-suite executives, in-house counsel, and regulators.
• Compliance Services Our comprehensive offering of compliance services allows you to focus on your business.
• Please note that your state securities regulator may expect you to provide notice of relying on this invoice process in their Form ADV filings.

Compliance Advisers, Inc. (“CAI”) is a boutique regulatory compliance consulting firm based in Denver, Colorado, that has been providing customized compliance solutions to the securities industry since 1989. We are committed to remaining diligent in our quest to stay abreast of current products, issues and concerns related to the securities markets as well as keeping our investment adviser clients aware of new rules and regulations. In summary, we are committed to our Investment Advisers’ success – both in terms of profitability and compliance. As a Preferred Provider on Interactive Brokers’ “RIA Compliance Center”, we are pleased to offer advisers trading through the IBKR platform a 15% discount on all services.

Our Support Services Include:

We understand that changing broker dealers or acquiring advisory businesses is no small endeavor, and we are committed to providing our clients with a personalized, highly consultative experience. In addition to on-site compliance reviews, we offer clients ongoing legal and compliance services including arbitration, What is Compliance for brokers litigation, regulatory, enforcement and employment matters. Instead of using the typical one–size–fits–all consulting model where everyone gets the same set of documents, we save clients time and resources by providing the specific, tailored services needed to be successful in the current regulatory environment.

Profiles of Interactive Brokers’ experienced and long-standing executive management team can be viewed here. You can review Interactive Brokers LLC’s annual and semi-annual statements of financial condition going back to 2003 here. Your clients, administrators, auditors and/or regulators may ask about Interactive Brokers’ record as a custodian and broker and ask you what due diligence you have done. Or you may be wondering about IBKR’s record and doing due diligence yourself.

Navia Auditing Solutions

We help to create a better environment and help our customers feel valued and important in the time of crisis. With thousands of small businesses opening their doors in New York each year, it’s important to stay covered with business insurance. Fundamental imparts expert guidance regarding compliance and ongoing assistance to established and emerging FINRA member Broker/Dealers. Fundamental specializes in small Broker/Dealers with less than 50 Registered Representatives. You can view IBKR’s ratings going back to 2010 by creating a free account on the Standard & Poor’s website. You can read more about these tools and how to turn them on for your account on the IBKR website here.

Exclusive Access To Broker Audit Pro

Interactive Brokers does not control or guarantee the accuracy, legality relevance timeliness, or completeness of information contained in the Spotlight Series. The first compliance hurdle facing an advisor is making sure the firm and certain employees are registered with the SEC and/or the states in which you do business. This Spotlight summarizes the major registration rules affecting investment advisors. Interactive Advisory Software offers a fully integrated, browser-based wealth management solution for independent financial advisors, RIAs and broker/dealers. The solution combines Daily Download & Reconciliation of client account data, Portfolio Accounting & Management, Portfolio Rebalancing, Financial Planning, CRM, and Client Portals all from one single application.

Each of our clients receive the same level of responsive, customized service dictated by their individual needs, resulting in their preparedness for the most important, and singular reason to develop a compliance program – successfully completing an SEC exam. As a result of the compliance review, firms will be better prepared for an SEC exam, and will be in much better positions to protect themselves from adverse client claims and/or regulatory actions. ACA Aponix, a division of ACA Compliance Group, offers financial services firms a holistic, client-focused approach to technology risk and governance. Our team of financial technologists works with CTOs, COOs, and CCOs at a broad range of firms to improve security infrastructures, provide advisory services, and conduct cybersecurity reviews.

We are certified on all regulatory, financial and legal procedures, while keeping current on the latest trends and structures in the market. Global Compliance Group routinely provides Subject Matter Expertise and Project Management along with relevant https://xcritical.com/ resources to support regulatory, compliance, and operational changes. Establish necessary legal entity and organizational policies, written supervisory procedures and governance structures to support integration and implementation goals.