The world of registered investment advisers is a land of opportunity. But it is also a minefield of regulations. A single misstep can lead to hefty fines, reputational damage and even legal trouble. We have seen it all, and in our latest industry insight, we unveil the top 10 compliance failures that can befall even the most seasoned RIA.

Failure to regularly complete comprehensive risk assessments. Failing to conduct a thorough risk assessment regularly is akin to embarking on a complex investment strategy without a map. These assessments meticulously analyze your firm’s unique aspects: its business model, its staffing structure and the current regulatory environment. By pinpointing high-risk areas like investment suitability, cybersecurity or marketing material compliance, you can effectively allocate resources and prioritize compliance efforts. Remember, a targeted approach is key to mitigating potential regulatory issues.

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