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 have additional responsibilities at the firm, 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 for 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 attending this course, attendees should be able to:

  • Identify solutions for 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: Designed to increase the professional competence of investment adviser professionals with legal, compliance, management, technology and administrative responsibilities at 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
Recommended CA MCLE Credit: 2