RIA Annual Review

The Advisers Act requires each registered investment adviser to review its policies and procedures annually to determine their adequacy and the effectiveness of their implementation (Rule 206(4)-7). The annual review must consider compliance matters that arose during the previous year, any changes in your firm’s business activities and any changes in the Advisers Act or applicable regulations.

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Determining the adequacy and effectiveness of the implementation of your firm’s policies and procedures can seem like a daunting project. This requires knowledge of regulatory developments and a comprehensive review of your compliance manual, risk assessment, conflicts of interest, disclosure documents, agreements, regulatory filings, monitoring reports, previous audit findings, etc.

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Cerulean can save you time by conducting a thorough annual review. Our written report includes a description of areas reviewed, findings and recommendations. Let us help you comply with the rule and keep your policies and procedures up-to-date.