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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. Putting all of this information together, it’s possible to create a compliance calendar that accounts for each task required, its frequency, and the due date for each.

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AI-Generated Financial Advice And The Fiduciary Catch-22

Nerd's Eye View

These responsibilities also extend to the use of any technology used in the process of giving advice: A recommendation made with the aid of technology still needs to be in the client's best interests, while the technology also needs to carry out any function as it's described in the advisor's marketing materials and client communications.

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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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How to Properly Record Revenue for Nonprofits

The Charity CFO

Not only does it help with transparency in your organization, but properly recording revenue keeps you in compliance with nonprofit regulations. Like restricted and unrestricted funds, keeping grant and sponsorship money can save you headaches at tax time (and when communicating with donors ). Need Help Recording Revenue?

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Oracle And Salesforce Face Class Action Lawsuits Over Privacy Violations

PYMNTS

A second suit is expected to be filed later this month at the High Court of Justice in London England, alleging violations of GDPR and the United Kingdom’s Privacy of Electronic Communications Regulations, which governs the use of personal data for marketing communications, TechCrunch reported.

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

The Charity CFO

Establish milestones for tasks such as creating the job description, advertising the position, conducting interviews, and making a final decision. Before making a final decision, conduct background checks, call references, and ensure compliance with all legal requirements.