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Compliance Calendar For A Solo RIA: Staying On Top Of Compliance Tasks While Serving Clients

Nerd's Eye View

One of the most intimidating aspects of launching a solo advisory firm is the question of how to manage compliance. Creating a compliance calendar for a solo RIA can help to systematize and manage compliance tasks, requirements and deadlines.

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Crafting An Annual Compliance Calendar For A (Solo) RIA: Staying On Top Of Compliance Tasks While Serving Clients

Nerd's Eye View

One of the most intimidating aspects of launching a solo advisory firm is the question of how to manage compliance. accounting reports, client contract templates, and a surety bond) and filing an annual renewal fee near the end of the year.

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How to Properly Record Revenue for Nonprofits

The Charity CFO

This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Accurate revenue recognition, classification, and records are some of the most important aspects of nonprofit accounting. Likewise, expenses are recorded when they are incurred.

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Performance Advertising Under the SEC’s Marketing Rule

CFO News Room

For investment advisers looking to attract prospective clients, advertising the performance of their investment strategies would be a logical way to market their services (at least if they had strong historical returns!). Two final prohibitions under the Marketing Rule include restrictions on the use of predecessor performance (e.g.,

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Hiring your nonprofit’s first employee? Here’s what you need to know

The Charity CFO

Consult with your accountant to determine if it’s the right time financially and to understand the potential impacts on your financial stability. Establish milestones for tasks such as creating the job description, advertising the position, conducting interviews, and making a final decision.

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The Robo-Accountants Are Coming

Boston Startup CFO

Among the top 10% of jobs most likely to be automated: insurance underwriters, tax preparers, loan officers, credit analysts, and accounting professionals. Robo-advisers have become a fixture in the financial services space, and automated tax preparation apps have been the subject of a tax season advertising blitz.

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ADP: Pandemic Prompts Firms To Replace Checks With Pay Cards

PYMNTS

As Laura Valdespino , director of compliance solutions at ADP , told PYMNTS in a recent interview, using digital channels, and specifically, pay cards, can actually improve the employees’ pay experience over paper-based methods that have been in place for decades. They don’t want to physically go to the bank to cash the check.