Tuesday, January 12, 2016

Conduct an Annual Compliance Meeting

The CCO is required to ensure the firm's compliance program is effectively designed and implemented to prevent, detect and correct any violation of the securities laws.

Further, the Securities Regulators generally take the position that testing and training must be documented.

AdvisorAssist believes that it is important for every firm to conduct an Annual Compliance Meeting. AdvisorAssist can support your CCO in delivering an update on the key risks, regulatory focus areas, and core compliance topics.

Please contact us at Support@AdvisorAssist.com to schedule for your firm.

SEC Announces 2016 Examination Priorities

On January 11, 2016, the SEC announced its examination priorities for the coming year.

The brief statement by the SEC's Office of Compliance Inspections and Examination ("OCIE") is fairly consistent with the direct and anecdotal messaging they have been sending. They have retained most of the 2015 priorities and added additional focus areas. The 2016 priorities include a deeper focus on market-wide risks, protections for retail investors and of course becoming more efficient with data and exam protocols.

The SEC Press Release can be found at https://www.sec.gov/news/pressrelease/2016-4.html.

AdvisorAssist will be emailing a Regulatory Alert with more detail.

Please contact us with any questions.

Monday, January 4, 2016

Annual Renewal Questionnaires Issued

All Advisors with a December 31st year end are required to amend their Form ADV1, ADV2A ("Disclosure Brochure") and the ADV2B ("Brochure Supplements") with ninety (90) days following year end. This year, given the Leap Year, the deadline is March 30, 2016.

AdvisorAssist circulated our online questionnaire to guide you through the preparation of your amendment data. We need to obtain current statistical data, such as assets, client count, client geography and other information.

If you have any trouble completing this information or did not receive the AdvisorAssist questionnaire, please contact us at Support@AdvisorAssist.com.

Thank you!

The AdvisorAssist Team