A Workable Compliance Program for Small Advisers
Course Description: Compliance is not a function that fluctuates with the scale of your business. Small firms don't get a pass for being “less compliant” than larger firms. However, the amount of resources that firms are able to dedicate to compliance varies significantly. The SEC’s examination staff recognizes that small advisers face unique compliance issues and concerns. Small firms are not necessarily small in terms of assets under management, but instead, in terms of personnel, scope of business and access to resources. Thus, compliance professionals at small firms, who often wear other hats, need to be particularly adroit at leveraging resources, information and innovation.
This seminar will identify the challenges faced by the small adviser and, more importantly, offer practical solutions to such issues as adopting policies and procedures that fit the firm, segregation of duties and designation of supervisors. Methods for training employees and keeping up with the growth of assets, employees and new products will also be addressed.
Learning Objectives: After completing this course attendees should be able to:
- Identify solutions to a number of unique challenges faced by small advisory firms
- Tailor compliance policies and procedures to fit your firm’s size
- Help leverage available resources to accommodate your firm’s current needs and growth
- More clearly assess the roles and responsibilities of your firm’s personnel
For Whom: Compliance, administrative and management personnel of small investment advisory firms.
Suggested Skill Level: Intermediate
Instructional Method: Group Internet-Based
Pre-requisites for participation: No prerequisites are required. However, attendees can benefit by reviewing the Investment Advisers Act of 1940 to become familiar with the structure and terms.
Advance Preparation: None
Continuing Education Credits:
NRS Continuing Education Guide
Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Recommended IACCP CE Credit: 2