Focus 1 Associates LLC > SEC Compliance Consulting Services > Annual RIA Compliance Review

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Annual RIA Compliance Review

Our Annual RIA Compliance program consulting services provide you with the tools and consulting needed to complete and document a robust yet practical Annual Review that satisfies the requirements of Rule 206(4)-7 of the Investment Advisers Act of 1940 and industry best practices. 

How we help:

  • Gap Analysis
    We review your firm’s key compliance documents, to ensure consistency and adherence to regulatory requirements and industry best practices.
  • Compliance Program Template
    We provide a template designed to facilitate and document the entire annual review, covering all material aspects of your firm’s business.  The template includes:

    • Risk Assessment
    • Monitoring Schedule
    • Compliance Checklists
  • Forensic Testing
    We test specific compliance areas, as agreed upon each year.  Areas available include:

    • Books and records
    • Client processes
    • Firm trading
    • Marketing and advertising materials
    • Personal trading
    • Regulatory correspondence
  • On-site Visits
    You will receive face-to-face consulting, training, or mock interviews.
  • Unlimited Remote Consulting
    We promote open and consistent communication throughout the entire year with our unlimited consulting. We don’t charge by the hour, so contact us at any time with any question.
  • Quarterly Reminders
    Each quarter, we send a checklist of the tasks that need to be completed, per the monitoring schedule.
  • Review Letter
    Upon request, we provide a quarterly or annual letter documenting the testing and/or review completed by Focus 1, our findings, and if applicable, any suggestions made for improvement.
  • Subscription to FOCUS publications & presentations
    • FOCUS resource – Periodic email notifications on:
      • Changes to rules and regulations
      • IM guidance, risk alerts, and no-action letters
      • Enforcement Action Highlights
      • Compliance program and best practice tips
      • Focus 1’s perspective on current hot topics
      • Notable Events
    • FOCUS webinars – quarterly webinar presentations on current hot topics and RIA compliance education

 

Two Levels of Service

We have two levels of service to meet your Annual Compliance Review needs: Compliance Resource and Compliance Manager.  Both levels include the items outlined above. The difference between the Compliance Resource and Compliance Manager services is the amount of forensic testing and the number of days on site.

  • Resource – If you are looking for a right-hand man (2-3 testing items and 1 day on site annually), we suggest the Compliance Resource.
  • Manager – If you are looking to alleviate a greater amount of forensic testing and gain more face-to-face time, the Compliance Manager is for you.

 

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All advisers registered with the SEC, including private fund managers, are subject to the Investment Advisers Act.  (Read more about Private & Hedge Fund Compliance.)

 

Partnervest Financial Group

“I have had the pleasure of working with Focus1 since 2014 and they have become an integral part of our Compliance Program. Their knowledge, professionalism and pragmatic approach is refreshing. Most importantly, they have taken the time to understand our culture, nuances and intricacies, which allows them to provide customized solutions consistent with our needs. This is an extremely refreshing approach compared to the client vendor, one-size-fits-all, cookie cutter mentality that tends to permeate our industry.”

Kenneth R. Hyman
President/CEO