Starting and registering your own advisory firm offers many benefits, including independence and the ability to control the advisory services your clients receive. But this increased freedom and control come with additional responsibilities, including making sure you comply with applicable state and federal rules.
Most investment advisors in the U.S. or with U.S. clients need to register with the SEC or the state(s) where they conduct business, make a series of regulatory filings, and meet ongoing compliance and regulatory requirements.
In addition to these resources, Interactive Brokers' platform offers many benefits, including best execution, a way to manage client accounts from one master account, a variety of automatic billing arrangements, a service to build your website and a wide range of trading tools and portfolio modeling tools. These advantages and others are discussed elsewhere on the IBKR website (see Why Interactive Brokers? and Registered Investment Advisors).
Click here for information on opening an advisor account at Interactive Brokers.
IMPORTANT NOTE:
Interactive Brokers is providing the RIA Compliance Center webpage for educational and information purposes only. This information should not be construed as legal advice and has not been tailored to address the particular circumstances of you or any other advisor. Investment advisors should independently research the applicable registration and compliance requirements and consult legal counsel as needed.
SEC-registered advisors, advisors thinking about registering with the SEC or advisors just looking for more information on the federal rules affecting investment advisors may find the following links to the SEC's website helpful.
The website of the North American Securities Administrators Association ("NASAA"), a membership association of state securities regulators, contains a variety of information concerning investment advisor registration and compliance. You can access the NASAA website by clicking here.
You may find useful information on applicable state registration and compliance requirements in the following sections of the NASAA website:
You may find useful information on compliance topics of interest to investment advisors on the website of the Securities and Financial Markets Association ("SIFMA"), an industry trade group representing securities firms, banks, and asset management companies.
The state securities regulators publish information and guidance on their websites. Select your state, province or territory, to find helpful resources, including contact information for state and provincial securities regulators and other resources those agencies provide.
IMPORTANT NOTE:
Interactive Brokers has prepared this list of resources for educational and information purposes only. This information should not be construed as legal advice and has not been tailored to address the particular circumstances of you or any other advisor.
Interactive Brokers has provided this list of external links for the convenience of investment advisors. Accessing these links will take you outside of the Interactive Brokers website to external websites. Interactive Brokers is not affiliated with any of these external websites, and cannot attest to the accuracy of the information on these websites. Investment advisors should independently research the applicable registration and compliance requirements and confirm that these websites provide the most current information.
Interactive offers advisors a variety of free software to help them meet their compliance obligations. In particular, IBKR offers tools to help advisors with:
These tools come free of charge to advisors and their clients.
If you need additional information about the software tools Interactive Brokers offers to advisors trading on its platform, please visit the Innovative Technology and Advisor Portal tabs or see the Account Management Users' Guide to learn more.
PortfolioAnalyst® consolidates, tracks and analyzes your portfolios, offering multi-custody solutions, advanced reporting, global support, benchmarks, risk metrics, GIPS® verified returns and powerful on-the-go analytics. Click here for more information.
Investment advisors that manage large amounts or large positions need to file certain reports with the U.S. Securities and Exchange Commission ("SEC"), such as Form 13F, and/or Schedules 13D/13G.
You can learn more about these filing requirements on the IBKR website at these locations:
Advisors who they sign up for this tool will receive:
Investment advisors trading through IBKR may subscribe to this Section 13 monitoring and reporting tool through IBKR's Client Portal by selecting these options: Manage Account > Settings > Compliance > Section 13 > Subscription Election. Advisors can decide who at their firm will receive the alerts and reporting generated by this tool.
You can read more about these tools and how to turn them on for your account on the IBKR website here.
Advisors can create restrictions on the trading in specific accounts or of the users in their Advisor account.
Advisors can access this tool in Client Portal by selecting either Manage Account > Trade Configuration > Restrictions > Launch Pre-Trade Compliance or Manage Clients > Funds > Traders > Trading > Restrictions.
Advisors can set a variety of restrictions, including:
Through Pre-Trade Compliance tools, Advisors can create reports which reflect any trade and holdings restrictions that have been set on accounts your firm manages or on individual traders from your firm. Advisors can also create "watch list" reports which will be generated at regular intervals about trading by one or more accounts or users the "watchlists" are on.
Detailed information on the trading restriction tools, reports and alerts available at this time may be reviewed here.
Interactive also offers invoices to help advisors comply with the Custody Rule.
Some states require investment advisors with "custody" to send their clients an itemized invoice detailing the amount, period, and calculation methodology for the fee when IBKR automatically deducts those fees from the clients' accounts. If advisors send these invoices to their clients, they are exempt from certain requirements of the Custody Rule (e.g., independent verification of client funds and securities maintained by the qualified custodian, net worth and bonding, and audited balance sheet requirements).
To assist advisors in meeting this compliance obligation, advisors whose clients have signed up for an automatic calculation of advisory fee option (other than a daily fee arrangement) can have IBKR send clients an itemized invoice each time IBKR automatically deducts the fee from the clients' account. This invoice reflects the amount, calculation methodology, and period covered by the fee.
Advisors may sign up for this functionality through IBKR's Client Portal. At the advisor's request, Interactive can send these invoices to clients by email, through the IBKR Message Center or both.
This invoice functionality is discussed at several locations on the IBKR's website, including the Advisor Invoice Notifications section on this webpage, the Invoice Notifications section here and this page.
Please note that your state securities regulator may expect you to provide notice of relying on this invoice process in their Form ADV filings. Given that state laws vary, investment advisors may want to confirm with their legal counsel or compliance consultant that the invoice provided by Interactive Brokers satisfies your specific state requirements. For instance, some states may still expect advisors themselves to provide copies of this itemized invoice to their clients to satisfy the requirements of this provision(instead of completely relying on IBKR to do so).
Interactive Brokers has reached preferred provider agreements with a variety of companies that offer RIA compliance and other services to advisory firms. These third-party service providers may be able to help new and existing investment advisors with their compliance and other related needs.
Many of these service providers have agreed to offer discounts to investment advisors trading on the Interactive Brokers platform. These discounts are generally listed below, next to the provider's name. Some providers, however, have chosen not to publish a discount on this page but may offer discounts if the advisor mentions having been referred by Interactive Brokers.
You can find preferred providers in the categories listed below. For each provider, we have included the provider's name, contact information, a short description of its services prepared by the provider and any discounts the provider asked IBKR to include.
RIA in a Box® is a leading provider of registration, compliance, and cyber security software and services to registered investment adviser (RIA) firms throughout the United States. RIA in a Box® has helped over 4,000 investment advisers start an RIA firm and provides ongoing monthly compliance support with its MyRIACompliance software as a service platform to over 2,500 RIA firms.
RIA in a Box® Solution Features
Available Enhancements
Our family of firms includes ComplySci, RIA in a Box, NRS, Illumis, and Itegria. Together, we offer a full suite of governance, risk, and compliance (GRC) consulting, technology, managed services, analytics, and outsourcing solutions to more than 7,000 customers globally.
www.riainabox.com/request-information
Phone: (866) 611-7638
Email: info@riainabox.com
Webpage: https://www.riainabox.com
RIA Compliance Consultants is a full-service consulting firm providing registration and ongoing compliance services and tools to investment advisers. Our consultants are industry experienced professionals providing customized compliance solutions. For new investment advisers, we offer a turnkey registration package through which we will assist you in structuring your programs, preparing your documents, and guiding you through the registration process. Learn more about how to register as an investment advisor by clicking here to register for our free webinar, "How to Become a Registered Investment Adviser." For existing investment advisers, we offer a variety of ongoing compliance support services. We will work with your compliance staff to identify risks and build and implement practical solutions designed to meet your regulatory responsibilities. For more information about RIA Compliance Consultants, click here to access our website. To speak with us and learn how we can assist you, contact our Senior Compliance Consultant and Director of Business Development, Tammy Emsick, at (877) 345-4034 Ext. 102 or click here to access our online calendar to schedule a time for one of our consultants to contact you. When contacting us, mention that you were referred by Interactive Brokers to receive a discount.
Tammy Emsick
Senior Compliance Consultant
RIA Compliance Consultants, Inc.
11640 Arbor Street, Suite 100
Omaha, NE 68144
Phone: 1 (877) 345-4034 Ext. 102
Email: temsick@ria-compliance-consultants.com
Webpage: www.RIA-Compliance-Consultants.com
To Schedule a Call: www.tinyurl.com/calltammy
IMPORTANT NOTE:
Our firm provides prospective clients with an introductory complimentary consultation lasting up to 30 minutes with one of our Senior Compliance Consultants. This consultation will be general in nature and will not include any specific advice regarding a prospective client's situation. During the initial consultation, we will gather some information about the prospective client and the client's needs. We will provide general guidance regarding a recommended course of action and the compliance services we can provide to assist the prospective client. RIA Compliance Consultants is not law firm and does not provide legal advice.
Red Oak is a full-service compliance consulting firm helping advisors with a wide range of registration, compliance, and supervisory services. Our goal is to allow you to focus on your clients and other priorities while we assist with your compliance burden. Please contact us at 1(888) 302-4594 or visit our website, www.redoakcompliance.com, to learn more.
Stephen Pope, Founding Member
Red Oak Compliance Solutions LLC
1101 Arrow Point Drive, Suite 301
Cedar Park, TX 78613
Phone: (512) 721-0421 or 1 (888) 302-4594
Fax: (512) 842-7497
Email: sales@redoakcompliance.com
Webpage: www.redoakcompliance.com
ACA Compliance Group ("ACA") is a leading provider of governance, risk, and compliance advisory services and technology solutions. We partner with our clients to help them mitigate the regulatory, operational, and reputational risks associated with their business functions. With offices worldwide, our clients include leading investment advisers, private fund managers, commodity trading advisors, investment companies, and broker-dealers.
Our team of compliance professionals includes former SEC, FINRA, FCA, NYSE, NFA and state regulators, along with former senior compliance managers from prominent financial services firms. We work with global compliance and legal professionals to review and develop compliance programs based on best practices, current regulatory requirements, and robust oversight processes. Our products include standard and customized compliance packages; cybersecurity, AML, and risk assessments; GIPS® verifications and other performance services; regulatory hosting services; regulatory reporting and regulatory capital management services; accounting and tax services; and a variety of business advisory, technology, and training solutions for financial services firms.
Damon Zappacosta, Partner
ACA Compliance Group
1370 Broadway
New York, NY 10018
Phone: (212) 951-1030
Email: dzappacosta@acacompliancegroup.com
Webpage: www.acacompliancegroup.com
Accordo is a financial services compliance consultancy offering comprehensive solutions. Our holistic approach combines deep regulatory compliance expertise with scalable technology to offer a suite of solutions for our clients. In addition to designing, implementing and testing compliance programs for registered investment advisors, Accordo offers a comprehensive suite of compliance services which includes registration, outsourced compliance support, and regulatory risk mitigation and examination support. We also offer a compliance program management tool for RIAs, and a subscription service that provides retail advisors with insights on the compliance impact of updates to regulation
Robert E. Masi
Managing Partner
Accordo Compliance Solutions LLC
1180 Avenue of the Americas, Eighth Floor
New York, NY 10036
Phone: 646-868-8170
Email: robert.masi@accordo-cs.com
Webpage: www.accordo-cs.com
Advanced Regulatory Compliance, Inc. ("ARC") is a national, full-service investment advisory compliance consulting practice backed by its association with The Law Offices of Patrick J. Burns, Jr., P.C., a securities law firm dedicated to assisting breakaway brokers. The explosive growth of the investment advisory business in recent years created a need for a firm such as ARC to help investment advisors deal with their ever increasing compliance obligations in a challenging regulatory environment. ARC provides practical solutions to complex compliance issues. Our key services include investment advisor registration, mock audits/annual reviews, ongoing compliance support, consultations and compliance technology solutions. ARC's highly skilled professionals provide compliance support to a variety of investment advisory firms: from start-ups to multi-billion dollar practices.
Advanced Regulatory Compliance, Inc.
415 N. Camden Drive, Suite 223
Beverly Hills, CA 90210
Phone: (310) 275-7300
Fax: (310) 275-7305
Email: info@advreg.com
Webpage: www.advreg.com
Our firm provides a complimentary consultation to prospective clients. Please be advised that we cannot provide legal advice or address specific situations prior to being engaged.
AdvisorAssist is a management consulting firm focused exclusively on serving investment advisory firms. Through consultative services and outsourcing, we provide expertise, resources and actionable solutions that enable investment advisors to achieve their full potential. AdvisorAssist is dedicated to fostering entrepreneurship within the investment advisory industry, empowering advisors to run their "practice" like a "business" and helping advisors increase the enterprise value of their firms. We provide comprehensive business planning, registration, and compliance design services for RIAs and those seeking independence. AdvisorAssist can also deliver these services discretely, to enable advisors to continue serving clients through their existing firm.
Brian Young, Vice President - Business Development
AdvisorAssist, LLC
31 Schoosett Street, Suite 207
Pembroke, MA 02359
Phone: 1 (617) 800-0388, option 1
Fax: (617) 274-8446
Email: byoung@advisorassist.com
Website: www.advisorassist.com
Bates Compliance Solutions' ("BCS") team of experienced compliance professionals offer comprehensive compliance programs, reviews and continuing guidance to our registered investment advisory financial services clients. Our seasoned professionals closely review and test policies and procedures, supervision, and related practices involved in the matter, recommending changes and best practices to supplement and enhance our clients' compliance and supervisory systems, and remediate the results of regulatory action. We also assist our clients forming new RIAs with the preparation and implementation of their compliance and supervisory programs, Forms ADV, and Brochures. BCS is also positioned to assist with the new AML Rule that will take place in 2016.
Esdras Vera, CAMS
BCS – Global Practice Leader
Bates Group
5005 SW Meadows Road, Suite 300
Lake Oswego, OR 97035
Phone: (971) 250-4360
Cell: (609) 216-4622
Fax: (503) 670-0997
Email: evera@batesgroupllc.com
Webpage: www.batesgroup.com
Compliance Advisers, Inc. ("CAI") is a boutique regulatory compliance consulting firm based in Denver, Colorado, that has been providing customized compliance solutions to the securities industry since 1989. As a result of our efforts to assist investment advisers in meeting the regulatory requirements of the Securities & Exchange Act and the Investment Advisers Act, we have developed an expert level of understanding of investment advisor regulatory requirements as well as pragmatic applications of customized solutions to achieve compliance with these regulations. We are committed to remaining diligent in our quest to stay abreast of current products, issues and concerns related to the securities markets as well as keeping our investment adviser clients aware of new rules and regulations. In summary, we are committed to our Investment Advisers' success - both in terms of profitability and compliance. As a Preferred Provider on Interactive Brokers' "RIA Compliance Center", we are pleased to offer advisers trading through the IBKR platform a 15% discount on all services.
Karen A Steighner
President/CEO
Compliance Advisers, Inc.
4600 S. Ulster Street, Suite 560
Denver, CO 80237
Phone: (303) 795-0400
Email: ksteighner@complianceadvisers.com
Webpage: www.complianceadvisers.com
Compliance Risk Concepts is a business-focused compliance advisory team of former in-house senior regulatory executives who provide top tier compliance risk management services to investment advisers on an as-needed, project or part-time basis. CRC furnishes sensible regulatory risk management solutions that achieve a comfortable balance between a client's commercial interests and the critical need to withstand regulatory scrutiny. Our value proposition is simple: an outstanding product at a fraction of the cost of in-sourcing.
Mitch Avnet
Managing Partner
Compliance Risk Concepts
441 Lexington Avenue, 11th Floor
New York, NY 10017
Phone: (646) 346-2468 or (212) 922-2844
Email: mavnet@compliance-risk.com
Webpage: www.compliance-risk.com
Collaborative and Leading Edge. We work with our clients to evaluate their risk levels and then ensure that our advice is within those parameters. We are known for our innovation in problem solving. Many solutions can be implemented with tools already within the firm. Recommendations are as simple as possible. Our goal is to create cost conscious processes and programs that are sustainable and repeatable while meeting regulatory requirements.
Elinphant is a synergistic group of professionals with a variety of backgrounds and deep knowledge across the financial services industry. Each member of the Elinphant team has proven themselves capable of quickly and accurately assessing a firm's needs, providing succinct advice, and delivering high quality work in a timely manner. We are woman-owned company and teamwork is our hallmark, we take great pride in working together to provide leading edge and cost efficient solutions for our clients.
Elin Cherry, CEO
Elinphant, LLC
1330 Avenue of the Americas
Suite 23A
New York NY 10019
Phone: (212) 730-9255
Email: echerry@elinphant.com
Webpage: elinphant.com
Focus 1 Associates LLC is a premier provider of SEC Compliance services, assisting registered investment advisers with their specific compliance needs under Rule 206(4)-7 of the Investment Advisers Act. We specialize in the areas of Mock SEC Examinations; Compliance Program Development and Annual Reviews; and New Adviser Setup. As part of our services, we provide unlimited consulting on the Rules and Regulations and Industry Best Practice; educational webinars, newsletters and industry alerts; as well as compliance templates and sample documents. Our experienced professionals deliver practical, solutions-oriented assistance, and each service is customizable and tailored to your compliance needs. For more information about our firm and services, please contact Toby Cochran at toby@focus1associates.com or (541) 944-1109.
Focus 1 Associates LLC
830 Alder Creek Drive, Suite B
Medford, OR 97504
Phone: (541) 201-2001
Fax: (541) 201-2002
Email: toby@focus1associates.com
Webpage: www.focus1associates.com
Gordian Compliance Solutions is a strategic partner for developing and implementing practical compliance and risk management solutions for investment advisers, broker dealers, private fund managers, and futures professionals located throughout the United States. Our diverse client base ranges from startup businesses to well-established multinational firms. We strive to use your insights to effectively design a customized compliance solution that addresses regulatory requirements and establishes best practices. Our staff combines decades of hands-on experience with the highest customer service standards to provide innovative and efficient compliance consulting.
Navigating today's evolving regulatory environment consumes valuable time and drains limited resources. Gordian's team is here to help your firm understand the world of seemingly complex financial regulations by building unique, streamlined solutions that your business requires. We take a holistic, 360 degree approach, leaving no stone unturned, to foster a culture of compliance that provides you with peace of mind needed to effectively run your business. Our experienced team of professionals works with you to analyze, implement and maintain your own specialized compliance program with the goal of enhancing strengths, mitigating risks, and leveraging opportunities.
J. Niel Armstrong, President & Founder
235 Montgomery Street, Suite 1120
San Francisco, CA 94104
Phone: (415) 762 2848
Email: compliance@gordiancompliance.com
Webpage: www.gordiancompliance.com
NRS is staffed with veteran compliance and registration specialists, including industry CCOs and attorneys. Our consultants combine their knowledge of regulations and industry best practices to provide sound and practical guidance designed to meet your firm's specific business needs.
National Regulatory Services
29 Brook Street
PO Box 71
Lakeville, CT 06039
Phone: (860) 435-0200
Fax: (860) 435-0031
Email: oderose@nrs-inc.com
Consulting webpage
NRS homepage
Oyster Consulting can help you start your firm on the right path by efficiently registering your new RIA, creating policies and procedures and implementing your compliance program. We will provide ongoing support as an outsource provider, or provide targeted support through mock exams, training and maintaining your program. Oyster Consultants have over 1,000 years of combined experience helping people like you start, grow, run and protect their businesses. Our team of over 50 experienced industry leaders includes former C-suite executives, in-house counsel, and regulators.
Oyster's consultants are located in over a dozen U.S. cities coast to coast, with a growing international presence in Bermuda and Europe that enables us to assist firms with complex needs. Our clients range from start-ups to some of the most widely recognized names in financial services. Call us to find out why experienced industry practitioners add more value and give better service than career consultants.
Oyster Consulting, LLC
4128 Innslake Dr.
Glen Allen, VA 23060
Telephone: (804) 965-5400
Fax: (804) 965-5409
Email: libby.hall@oysterllc.com
Webpage: www.oysterllc.com
Regulatory Compliance provides comprehensive RIA compliance programs and training specifically tailored to your firm's business. Our experts take the time to get to know you and your firm, so we can be proactive in addressing the compliance issues that impact you most. From providing basic compliance tools and services to guiding your firm through the most complex of regulatory issues, Regulatory Compliance provides accurate, timely services you can rely on. Our staff has extensive experience with all facets of advisory compliance, from registrations, manuals and filings to addressing conflicts of interest and supporting advisers through SEC examinations. Our PartnerProgram for investment advisers provides a variety of choices for continuous support of your firm's compliance needs. Each program is designed to support and strengthen your firm's compliance program and is tailored to fulfill your firm's ongoing compliance obligations. Partner with Regulatory Compliance for truly customized compliance consulting. For additional information, please visit us online at www.foreside.com or call 1-888-REG-COMP (734-2667).
Mark Alcaide, COO
Regulatory Compliance, LLC
12 Parmenter Road
Londonderry, NH 03053
Phone: (603) 216-8926
Fax: (603) 437-3676
Email: busdev@foreside.com
Webpage: www.foreside.com
Regulatory Ridge, LLC is a boutique consulting firm that provides legal and compliance solutions for alternative trading systems, broker-dealers, electronic stock exchanges, investment advisors, municipal advisors, municipal underwriters, and more. Our team is comprised of former FINRA regulators with salient insights into how your organization can successfully navigate the current regulatory landscape. We specialize in conducting annual compliance reviews, providing rule interpretation, writing and negotiating contracts, developing policies and procedures, assisting with regulatory examinations, mitigating operational risk management, and handling regulatory accounting.
Shannon Fitzgerald, Founder & Managing Director
150 E. Beaver Creek Blvd., A102
P.O. Box 19189
Avon, CO 81620
Email: info@regulatoryridge.com
Webpage: www.regulatoryridge.com
RND Resources, Inc. is a leading full-service compliance consulting firm for investment advisers facing complex regulatory responsibilities and audit needs. Our team of experts work closely with your business to provide professional outsourced solutions. At RND, we take a proactive approach to working with clients, keeping them abreast of regulatory revisions and expectations.
Look to RND for audit and custody exams; SEC and state compliance registration and testing; and on-going consulting support such as Risk Assessments, CCO training, Web IARD / CRD services, Anti-money Laundering Compliance, and On-site consulting. Utilize our PCAOB registered CPA for custody audit needs, Internal control reports, mock exams, and fund audits.
With offices in Los Angeles and New York, we're here to assist with regulatory requirements from simple to complex. Visit www.finracompliance.com for more details or call us at (818) 657-0288 or (646) 461-4999 (New York). Download our RIA services brochure: http://www.finracompliance.com/investment-adviser/
RND Resources, Inc
21860 Burbank Blvd #150
Woodland Hills, CA 91367
Phone: (818) 657-0288 or (646) 461-4999
Email: dave@finracompliance.com
Sales: tarik@finracompliance.com
Webpage: www.finracompliance.com
Scitus Consulting is a boutique regulatory compliance services provider located near the heart of Washington DC. We specialize in Risk Assessment and other compliance for RIAs and BDs emphasizing interconnectedness and transparency in the changing regulatory landscape. We have experience working on seminal regulatory reforms with the SEC and other regulatory agencies (CFTC, FSOC, FINRA, CBOE and NFA). Please refer to our website for detailed list of services: http://www.scitusconsulting.com
Marina Baranovsky
Scitus Consulting LLC
11654 Plaza America Dr. Ste 260
Reston, VA 20190
Phone: (703) 988-6858
Email: contact@scitusconsulting.com
Webpage: http://www.scitusconsulting.com
Thornton and Associates, LLC was founded and is staffed by former NASD/FINRA examiners and compliance professionals. Our firm provides customized regulatory and compliance services to the small to medium size broker dealer and RIA. We understand the difficulties that broker dealers and RIAs encounter as they try to run and grow their business while simultaneously maintaining compliance with SEC, state and FINRA rules and regulations. For more information about our customized compliance services, please contact us at (877) 542-6759.
Thornton & Associates, LLC
16 North Marengo Ave., Suite 700
Pasadena, CA 91101
Toll Free: (877) 542-6759
Office: (626) 356-0200
Email: info@thorntonandassociates.com
Webpage: www.thorntonandassociates.com
Ascendant Compliance Manager is a unique web-based compliance solution for the investment services industry. Leveraging Ascendant's compliance and technology expertise and business solutions, the Ascendant Compliance Manager is the hub for compliance professionals to manage and analyze a firm's compliance and operational risks, keeping it up-to-date on regulatory requirements and compliance alerts. For more information please visit www.ascendantcompliancemanager.com or call (860) 435-2255.
Ascendant Compliance Management
194 Main Street
Salisbury, CT 06068
Phone: (860) 435-2255
Email: info@ascendantcompliance.com
Webpage: www.ascendantcompliance.com
Compliance Science is a global leader in providing web-based regulatory compliance technology and services to the Financial Services community. In today's complex global market, high-stakes business ventures need help to perpetually stay in compliance with regulatory law and to avoid being vulnerable to financial penalties as well as potentially staggering blows to public relations. Compliance Science's flagship product, the Personal Trading Control Center, allows companies to organize, supervise, and archive all employee personal trading activity with cost-effective web-based software. Specifically, Compliance Science offers a highly flexible and efficient solution to monitor employees' adherence to your firm's Code of Ethics and a complete review of activities associated with personal securities trading policies and the management of the Firm's restricted lists. Specific areas of supervision addressed by Compliance Science includes:
Compliance Science delivers the above offerings to 500+ organizations… including RIAs, Broker / Dealers, hedge funds, asset managers, pension funds, law firms, and other professional services organizations.
For additional information, visit www.complysci.com, info@complysci.com, or call 212-327-1533.
Jeffrey Lubitz
Chief Revenue Officer
Compliance Science, Inc.
875 Avenue of the Americas, 12th Floor
New York, NY 10001
Phone: (212) 327-1533
Email: JLubitz@ComplySci.com
Webpage: www.complysci.com
For over 20 years, Patrina Corporation has worked closely with the Financial Services industry to develop some of the most powerful compliance solutions available. Patrina's Integrated Compliance Suite is designed to help Broker/Dealers, RIAs, and FCMs manage their compliance tasks with greater efficiency than ever before. Reduce your reliance on multiple systems or paper-based processes by making Patrina Compliance the core of your compliance office, in the process saving money and reducing compliance risk. The Integrated Compliance Suite contains industry-tailored modules with built-in workflows covering the core of non-trading compliance including:
Patrina Corporation
2 Wall Street
New York, NY 10005
Phone: (212) 233-1155
Email: sales@patrina.com
Webpage: www.patrina.com
SROcalendar is a web-based compliance solution designed to lower costs and minimize the day-to-day compliance impact to Registered Investment Advisers, Investment Advisers, and Broker Dealers. With over 25 years' experience in the financial industry, including starting our own firm, the founders of SROcalendar are well aware of the daily compliance grind for many in the industry.
The Alerts calendar with its corresponding rules based filing system creates a compliance infrastructure. The filing system includes sample policies and procedures providing guidance on regulatory matters along with our custom fields which eliminate the need to print, sign and scan help ensure details are not missed. We offer four industry specific modules that are customizable to meet your regulatory needs while our web-based product allows for a scalable infrastructure meeting the challenges of multiple offices. Our forum is available only to current users allowing for discussion of current compliance issues, inquiries prior to or after a regulatory audit or as a media tool to communicate current industry trends.
Our service is an annual subscription of $12,000, which includes:
Regardless of the size of your investment advisory business, SROcalendar's efficient and detailed filing system is customizable to meet your needs.
Invest 3 minutes of your time to watch our demo video. http://srocalendar.com/Solutions/SECModule.aspx
SROcalendar
P.O. Box 279
ETNA, New Hampshire 03750
Phone: 1-855-866-6222
Email: david@srocalendar.com / michele@srocalendar.com
Webpage: www.srocalendar.com
TerraNua is a leading provider of risk and compliance technology Solutions. MyComplianceOffice enables automation of a broad range of compliance activities, including personal trade and conflict of interest activities, and provides an unparalleled ease of use in its approach to monitoring those activities. The MySurveillanceOffice solution enables organizations to monitor a range of activities of transactional activity including trading in addition to more static data such as customer information to protect the firm from a range of trading, suitability and other surveillance risks.
Bethany Murtiff
Sales and Marketing Associate
TerraNua
535 5th Avenue, 4th Floor
New York, NY 10017
Phone: 1 (866) 951-2280 Ext 602
Email: Bethany.Murtiff@terranua.com
Website: mco.mycomplianceoffice.com
Founded in 1933, Stark & Stark is a full service law firm representing advisory firms throughout the United States and Canada. Each of our clients receive the same level of responsive, customized service dictated by their individual needs, resulting in their preparedness for the most important, and singular reason to develop a compliance program - successfully completing an SEC exam. Stark & Stark offers a full-day Compliance Review, the scope and results of which are not subject to disclosure to the SEC during an exam, and includes a document review, document preparation of the required Annual CCO Review and Risk Assessment, and an exam review that covers all questions from the most current SEC exam and addresses the appropriate responses for topics like custody, cyber-security, performance presentations, conflict disclosures and due diligence procedures. As a result of the compliance review, firms will be better prepared for an SEC exam, and will be in much better positions to protect themselves from adverse client claims and/or regulatory actions.
In addition to on-site compliance reviews, we offer clients ongoing legal and compliance services including arbitration, litigation, regulatory, enforcement and employment matters. Instead of using the typical one–size–fits–all consulting model where everyone gets the same set of documents, we save clients time and resources by providing the specific, tailored services needed to be successful in the current regulatory environment. Stark & Stark has been successful in developing innovative solutions to meet our client's needs. Our attorneys act not only as legal counsel, but also as strategists and advisors. Our philosophy of putting the law to work for our clients continues to be the cornerstone on which we build and maintain our relationships.
Stark & Stark
993 Lenox Drive
Lawrenceville NJ 08648
Phone: 1 (800) -53-LEGAL
Fax: (609) 895-7395
Email: bcarlis@stark-stark.com and tgiachetti@stark-stark.com
Webpage: www.Stark-Stark.com
The Law Offices of Patrick J. Burns, Jr., P.C. ("PJB Law") is a nationally recognized securities law firm dedicated to assisting breakaway brokers transitioning to independence. Our firm works with breakaway brokers establishing their own investment advisory firms, as well as those joining existing firms. A large increase in the number of wire house brokers going independent the past few years lead to the creation of PJB Law whose sole mission is to protect brokers' and advisors' best interests. PJB Law's key services include investment advisor registration, transition counseling, business entity formation, employment-partnership agreement review and creation, handling promissory note issues and defense based services. Our firm's highly skilled professionals provide legal assistance to a variety of brokers, from those with small books of business to those with multi-billion dollar practices. PJB Law is backed by its affiliation with Advanced Regulatory Compliance, Inc. ("ARC"), a premier nationally recognized investment advisory compliance services firm dedicated to assisting advisors with their post-transition compliance needs.
The Law Offices of Patrick J. Burns, Jr., P.C.
415 N. Camden Drive, Suite 223
Beverly Hills, CA 90210
Phone: (310) 275-5059
Fax: (310) 275-7305
Email: info@pjblawoffice.com
Webpage: www.pjblawoffice.com
Innova Learning is a market-leading provider of eLearning solutions focused on the regulatory and compliance training needs of financial services companies (AML, Conflicts of Interest, Gifts and Entertainment, Diversity & Inclusion Ethics and Annual Compliance Meeting, just to name a few). Our courses provide an engaging and interactive learning experience that are situational and scenario based, which is proven to increase retention and to change behavior.
Michael Densen, EVP
Innova Learning
80 Broad Street, 5th Fl
New York, NY 10004
Phone: (978) 266-2672
Email: Mdensen@innova-learn.com
Webpage: www.innova-learn.com
FinaMetrica specializes in risk tolerance and risk-related matters. The FinaMetrica risk profiling system is based on a psychometric test of personal financial risk tolerance. Psychometrics, a blend of psychology and statistics, is the scientific discipline for testing attributes such as risk tolerance. Launched in 1998, the system is now used by 5,500 advisers in 23 countries in seven languages. To date, more than 800,000 tests have been completed. The FinaMetrica system enables advisors to make valid and reliable assessments of their clients' risk tolerance, incorporate those assessments into the financial planning process and explain risk more meaningfully. More information: www.riskprofiling.com
Tyler D. Nunnally
U.S. Strategist
2213 Vistamont Drive
Decatur, GA 30033
Phone: (404) 320-6047
Email: tyler.nunnally@finametrica.com
Webpages: www.riskprofiling.com / www.finametrica.com / www.myrisktolerance.com
Pocket Risk is an online risk questionnaire for RIAs, Hybrids, IARs, Broker-Dealers and asset managers. The online questionnaire helps you understand how much risk your client is comfortable taking with their assets. The questionnaire is based on academic research, scientific testing and the real-world experience of advisors and clients. Pocket Risk has been profiled in Financial Planning Magazine and John Ndege (the CEO of Pocket Risk) was awarded one of the "Top 10 To Watch in 2015" by Wealthmanagement.com. Existing customers manage anything from tens of millions all the way up to multiple billions. As a preferred partner Pocket Risk is happy to offer a 10% discount off all published pricing starting at $79 a month for advisors trading on the IBKR platform.
Pocket Risk
59 Nightingale Place
London SE18 4HG
United Kingdom
Phone: (917) 563-2502
Email: support@pocketrisk.com
Webpage: www.pocketrisk.com
Riskalyze is the company that invented the Risk Number™ and was named as one of the world's 10 most innovative companies in finance by Fast Company Magazine. Riskalyze works with RIAs, hybrid advisors, independent broker-dealers, custodians, clearing firms 2 and asset managers to align the world's investments with investor risk tolerance. Over $44 billion in assets are currently managed through the platform. As a preferred provider, Riskalyze is pleased to provide IBKR Platform Advisors with discounted pricing of just $109 / month for Riskalyze Solo, and $499 / month for Riskalyze team edition. Learn more and join a guided tour at www.riskalyze.com
Riskalyze
373 Elm Avenue
Auburn, CA 95603
Phone: 855-RISKALYZE
Email: sales@riskalyze.com
Webpage: www.riskalyze.com
Twitter: @Riskalyze
Tolerisk® is a 2-dimensional risk tolerance assessment tool for all types of Investment Advisors and Financial Planners. Unlike traditional 1-dimensional risk tolerance exercises which focus primarily on the client's willingness to accept risk, Tolerisk separately measures each client's willingness and ability to take investment risk by incorporating cash-flows. All factors are combined into a simple, measurable, and actionable risk directive. Tolerisk also demonstrates the key drivers of each client's risk tolerance, how it will likely evolve through time, and even the client's probability of outliving his money. Learn how Tolerisk can help you grow your practice and demonstrate the highest fiduciary standards.
Tolerisk Sales
3018 Main St
Voorhees, NJ 08043
Phone: 856-306-8873
Email: sales@tolerisk.com
Webpages: www.tolerisk.com
Referral Code: IBLLC (use when purchasing to receive discount)
Beiley Software offers the Fund Manager Advisor software package for tracking all your client's portfolios. Fund Manager is comprehensive portfolio management software for the Microsoft Windows platform. With Fund Manager you can keep accurate records of your portfolios, and generate a wide variety of graphs and reports for your clients. Fund Manager has been helping manage portfolios since 1993.
Mark Beiley, President
Beiley Software
1161 North Dustin Lane
Chandler, AZ 85226
Phone: (480) 705-0129
Fax: (480) 705-9219
Email: interactive@fundmanagersoftware.com
Webpage: www.fundmanagersoftware.com
Online reports or printed. Either way, eliminate the headache and costs of typical quarterly reports. Or even eliminate traditional quarterly reporting all together. Gone is the need to spend days every quarter to deliver an incomprehensible 40-page report that your clients won't read. Instead, give clients information that's always ready, on demand, and doesn't require you or your staff to "run a report." Blueleaf displays that data in an easy-to-use client portal that comes equipped with built in managed and held away account data aggregation, a document vault, and an open api that connects to your CRM, financial planning software, and analytics tools.
Kevin Flynn, Head Coach
Blueleaf
121 South Street
Boston, MA 02111
Phone: (617) 913-5512
Email: info@blueleaf.com
Webpage: www.blueleaf.com
Oxon is a provider of top-tier performance reporting services to asset management firms. Our package provides 9 functional reports including Management Dashboard, Performance Summary, Risk-Return Statistics, Dynamic Groupings, Heatmap Matrix, Value Range Analysis, Chart Book, Time Series Retriever and Fund List Customizer. Oxon can help various investment professionals of your firm located in different countries to review portfolio performance and analytics on the same page. With just a few clicks, you can quickly identify outlying strategies, monitor fund flows and unhide critical performance issues.
Ernest Leung, Founder & Principal Consultant
Oxon Consulting Limited
Room 1104, Crawford House, 70 Queen's Rd., Central, Hong Kong.
Phone: +852 2892 7630
Fax: +852 3958 5648
Email: ernestleung@oxonconsulting.com
Webpage: www.oxonconsulting.com
Alpha Performance Verification Services is a boutique investment performance verification firm providing Global Investment Performance Standards (GIPS®) verification and compliance consultation services and general investment performance verification. Michael Hultzapple, CPA, CFA, CIPM, has extensive experience verifying GIPS compliance and helping firms prepare for GIPS compliance. Alpha provides superb client service and cost efficient verification. For more information please visit our website: alphaverification.com
Michael W. Hultzapple, CPA, CFA, CIPM, Partner
Alpha Performance Verification Services
1913 Stuart Avenue
Richmond, VA 23220
Phone: (804) 677-4343
Email: mike@alphaverification.com
Webpage: www.alphaverification.com
Ashland Partners is a specialty CPA firm that has been providing services to the investment management industry since 1992. Today, Ashland Partners is staffed by over 100 employees and with offices in Jacksonville, OR, New York, Boston, Chicago, Denver, Shanghai, Seoul and Tokyo, we are able to provide our services to over 850 investment managers in 25 countries. Please contact us today to learn more about our firm and any of the following services: GIPS Consulting & Verification, Strategy & Model Examinations, SSAE no. 16 Examinations, Fund & Financial Audits, Surprise Custody Examinations, QPAM Audits, AML Audits and Cyber-Security & Anti-Money Laundering Services. Discounts for advisors trading through Interactive Brokers will be considered on a case–by–case basis.
Jamie Stewart, Director of East Coast Sales
Nick Malone, Director of West Coast Sales
Ashland Partners — Company LLP
552 Bigham Knoll, Suite 200
Jacksonville, OR 97530
Phone: (541) 842-8422 (Jamie Stewart); (541) 842-2702 (Nick Malone)
Email: jamie@ashlandpartners.com or nick@ashlandpartners.com
Webpage: www.ashlandpartners.com
If you are looking to gain a marketing advantage by bringing your firm into compliance with the Global Investment Performance Standards (GIPS®) or by having a "non-GIPS" verification of your track record, then Spaulding Verification Services can help. A division of The Spaulding Group, Inc., Spaulding Verification Services team of senior-level GIPS and performance specialists provide firms with the support and guidance they need to achieve compliance with the GIPS standards as efficiently as possible. We also conduct thorough, on-site GIPS verifications. And, for firms that cannot or choose not to claim compliance with the GIPS Standards, we offer "non-GIPS" performance verifications to attest to the appropriateness and accuracy of their performance.
Chris Spaulding, EVP Strategy and Business Development
The Spaulding Group
33 Clyde Road, Suite 103
Somerset, NJ 08873
Phone: (732) 873-5700
Fax: (732) 873-3997
Email: CSpaulding@SpauldingGrp.com
Webpage: www.SpauldingGrp.com
Stonegate International Administration is a privately held company specializing in comprehensive administration services to private investment funds and regulated investment management professionals. Stonegate understands the importance of third party verification of GIPS and non-GIPS performance in the marketing efforts of investment managers. Stonegate offers assistance in the development of policies and procedures that lead to GIPS compliance and best practices for the firm. Coupled with verification we can assist in the development of various marketing driven periodic reports that may be used to enhance the sales initiatives of the firm. Discounts will be provided for first time verification for those investment firms utilizing the Interactive Broker platform.
Thomas Pearson
Stonegate International Administration LLC
10 S. Riverside Plaza, Ste 875
Chicago, IL 60606
Phone: (312) 474-6022
Fax: (515) 608-4483
Email: thomas@stonegateinternational.com
Webpage: www.stonegateinternational.com
A division of the 7th largest insurance intermediary in the world, CalSurance is an Errors & Omissions Insurance industry leader. With over 30 years of experience in Group Errors & Omissions programs, we set the standard for value-added service through new products and flexible program design, customized features and proprietary administration systems. We are driven to finding custom solutions that meet and exceed client needs. This focused approach, combined with the talents and experience of our people, has been the foundation of our consistent growth and long term success. Eligible RIAs can obtain a no obligation quote at www.calsurance.com/riam and bind coverage online.
Matt Johnson, Account Manager
CalSurance Associates
681 S. Parker Street, Suite 300
Orange, CA 92868
Phone: (714) 939-7449
Fax: (714) 367-7741
Email: mjohnson@calsurance.com
Webpage: www.calsurance.com
Since 1992, our team has focused on insuring the fiduciary risk needs of the RIA and investment management community through a client-by-client proprietary assessment, audit and education process called RIASURE. Special knowledge, combined with a thorough and effective client-centered partnership, delivers special results, secured through distinctive underwriting relationships.
Brian Francetich
VP & Director of GSRIA
10998 SW 68th Pkwy
Portland, OR 97223
Phone: (503) 244-0297
Email: bfrancetich@golsanscruggs.com
Webpage: www.golsanscruggsria.com
The National Association of Professional Agents ("NAPA") has been a trusted insurance and benefits provider in the financial services industry since 1989. NAPA Premier is administered by Gallagher MGA and provides outstanding E&O coverage, unparalleled industry experience and competitively priced E&O options to Registered Investment Advisors, Registered Representatives and Life Agents. NAPA Premier can deliver insurance solutions to firms of all sizes. Our individual RIA coverage starts at only $1,165. With multiple plans and limit options, easy online enrollment with an instant certificate, and flexible payment terms that fit your E&O needs. Coverage is written through an "A+ XV (Superior)" carrier.
Jason Rogers
Vice President, Business Development
National Association of Professional Agents
8430 Enterprise Circle
Lakewood Ranch, FL 34202
Phone: (941) 757-1443
Fax: (714) 367-7741
Email: jrogers@mga-insurance.com
Webpage: http://www.napa-benefits.org/ib/errors-and-omissions
Celebrating 135 years in business, the Investment Industry Practice Group of Starkweather & Shepley Insurance is an industry specialist in providing all lines of insurance including Cyber Liability, D&O/E&O Liability and ERISA/Fidelity Bonding. Our practice group prides itself on coordinating coverages and helping clients understand what they are purchasing all while helping their bottom line. Ask yourself, what value is your broker bringing to the table.
Andrew J. Fotopulos, President
Starkweather & Shepley Insurance Corp. of MA
One University Drive, Ste. 188
Westwood, MA 02090-2161
Direct phone: 781-234-0080
Toll Free: 800-854-4625, Ext. 1620
Cell: 401-585-0513
Direct Fax: 401-431-9359
Email: afotopulos@starshep.com
Webpage: www.starshepfi.com
At Liftman Insurance, we are dedicated to offering personalized risk and insurance services to clients. The purchase of a Cyber, Directors & Officers Liability, Errors & Omissions Liability, Employment Practices Liability, ERISA Bond or Fidelity Bond policy is only the beginning of a client's relationship with Liftman Insurance. We work continually to improve coverage, terms and conditions, and we always keep up to date with legal and regulatory changes that impact our policyholders. For all these reasons and more, Liftman Insurance has emerged as one of the most respected independent financial insurance agencies in the country. Contact Liftman Insurance today to see how you can benefit from our vast experience and commitment to client satisfaction.
Jessica Thayer, Senior Vice President
Theodore Liftman Insurance, Inc.
101 Federal Street, 22nd Floor
Boston, Massachusetts 02110
Phone: (617) 439-9595 EXT. 2
Fax: (617) 439-3099
Email: Jessica@liftman.com
Webpage: www.liftman.com
Advisor Products integrates CRM, planning, performance reporting and other professional apps with a secure document vault, and streams news in videos, articles and tweets aligned with the way most fiduciaries practice. We are an advisor's interface with clients and have been providing integrated client portals since 2007. We enable you to almost effortlessly educate and manage clients online. You'll generate leads from the integration of your website, social networks, and weekly email newsletter. The educational content we make is customized with your logo, colors — even your voice in videos. Content is based on a continuing professional education program for CFPs, CPAs, CIMAs, CPWAs, ChFCs, CLUs, EAs and other accredited professionals at Advisors4Advisors.com. Since 1996, independent financial professionals have entrusted Advisor Products with their client communications.
Andrew Gluck
Advisor Products Inc.
333 Jericho Tpk., Suite 333
Jericho, NY 11753
Phone: (516) 333-0066 x333
Fax: (516) 706-3162
Email: sales@advisorproducts.com
Webpage: www.advisorproducts.com
SmartOffice, powered by Ebix, is a multi-disciplined practice management solution tailored for the wealth management and insurance industry. SmartOffice manages both individual and business records while providing access to notes, activities, emails, documents, workflows, investments, insurance policies, proposals, and much more. With integrations with other best in breed, industry specific vendors, SmartOffice is created to reduce redundancy and increase efficiency. This premier customer relationship management (CRM) solution is the product of over 30 years of industry-specific development at the direction of our vocal user base. It is the chosen solution of over 120,000 current users to streamline operations and has been optimized for mobile devices to keep you connected to your clients no matter where you are. Build relationships and opportunities using client segmentation and marketing via dashboards used for mass correspondence. Whether you are a self-practitioner with ambitions of growth, an advisory with multiple advisors, or an advisor looking to organize your book to maximize value, SmartOffice offers a scalable solution to fit your needs.
The licensing fee for SmartOffice starts at $15 per month per user or can go up to $85 per month for sophisticated users. Please contact Chris Solórzano for more information or to schedule a discovery call.
Chris Solórzano
Senior Account Manager
251 S Lake Ave. Suite #200
Pasadena, CA 91101
Phone: (626) 585-3505 x 7332
Email: chris.solorzano@ebix.com
Webpage: www.ebixcrm.com
Interactive Advisory Software (IAS) offers a fully integrated, browser-based wealth management solution for independent financial advisors, RIAs and broker/dealers. The solution combines Daily Download & Reconciliation of client account data, Portfolio Accounting & Management, Portfolio Rebalancing, Financial Planning, CRM, and Client Portals all from one single application.
Matt Wolf
Director of Sales and Marketing
Interactive Advisory Software (IAS)
3393 Bargaintown Rd
Egg Harbor Township NJ 08234
Phone: 1 (877) 572-6105
Fax: (609) 601-7177
Email: ssales@hanlon.com
Webpage: www.hanlon.com
Junxure offers industry focused CRM solutions to help you provide superior service to your clients, streamline your operations and grow your business. With client data all over the place (i.e. Portfolio Management Systems, Custodian's Websites, Windows file folders, Email systems, etc.) Junxure Cloud helps you live in one place – with its robust and easy to navigate Cloud CRM solution. Often referred to as a "corporate memory", Junxure Cloud lets you capture all client interaction and correspondence in one place and helps your firm maintain a culture of compliance. With its workflow management tools, it helps ensure the right person is assigned the right task at the right time, every time. It offers intuitive tools to gather lists of contacts to create and send personalized letters and emails to communicate more proactively. Founded by advisors for advisors, Junxure has over 15 years servicing the financial industry. With a growing client base of over 11,000 active users and a retention rate of 96%, Junxure is dedicated to providing the highest level of customer service and industry best practices to help you succeed. Other affiliation and volume discounts may apply in addition to the 10% discount off Junxure Cloud subscription fees.
Robert DeFrancis, Director of Sales
Junxure
3651 Trust Drive
Raleigh, NC 27616
Phone: 1 (866) 586-9873 (option 2)
Fax: (919) 845-0062
Email: sales@junxure.com
Webpage: www.junxure.com
Trutelic brings enterprise-level Contact Relationship Management to your Firm, TAILORING a seamless end-to-end system for all communication efforts throughout your Firm. Through a single integrated screen, you and your Advisors can manage the successful creation, approval and execution of any client and/or prospect communication efforts. (Whether it's a single client or a group email to your entire contact list.) Our CRM services include:
Colin C Lake, CIMA®
President, Client Solutions Group
Trutelic.(home of Advisorflo)
Phone: 1 (617) 209-2529
Email: Colin.lake@trutelic.com
Erado is an innovator in electronic communication compliance, delivering the following service to customers worldwide:
Since 1994, Erado has assisted organizations manage and enforce cost-effective compliance and retention policies. See www.erado.com for more information or call 866-673-7236.
Phil Sprute, Vice President, Sales
Erado
321 Burnett Ave. S, Suite 100
Renton, WA 98057
Phone: 1 (866) 673-7236 Ext 503
Email: psprute@erado.com
Named a "Leader" in Gartner Magic Quadrant for Enterprise Information Archiving, Global Relay's 20,000 customers in 90 countries include 22 of the top 25 global banks, 51% of FINRA broker-dealers, and 70% of SEC registered hedge funds and RIAs. Global Relay is offering a special discounted Archive bundle to Interactive Brokers' RIA clients when they contact Global Relay. For one simple price, this Archive Bundle includes Compliance Archiving with required RIA compliance tools: Supervision, Online Search, eDiscovery, Legal Hold, Security and Encryption, Compliance Policies for Surveillance and Retention, Compliance Reports, online SEC/FINRA Audit tools, Collaboration tools and personal Archive web/mobile access for:
Archiving for RIAs can be setup within hours. Please contact Global Relay at 1 (866) 484-6630 or visit www.globalrelay.com.
Thomas Johnston, Account Executive, Sales
Global Relay
Phone: 1 (866) 484-6630
Email: thomas.johnston@globalrelay.net or info@globalrelay.net
MessageWatcher is hosted solution provider offering email, website, social media and text message archiving. We also include the ability to monitor for key words or phrases in those communications. MessageWatcher offers some of the best solutions available at the lowest prices to help your firm deal with regulatory requirements, records management, and legal discovery. For discounts available to advisors trading through Interactive Brokers, please contact Craig Dinan. Pricing and available discounts may vary depending on the number of users, the services needed, and the duration of the contract.
Craig Dinan, President
MessageWatcher, LLC
7900 E. Union Avenue, Suite 1100
Denver, CO 80237
Phone: 1 (888) 317-3278
Fax: (720) 210-9765
Email: craig@messagewatcher.com
Webpage: www.MessageWatcher.com
Docupace's secure and compliant cloud-based Document Aggregation system easily consolidates all of a company's books and records into a streamlined electronic vault. IT, financial operations, and compliance can easily file and retrieve secure documents to serve daily operational needs and the demands of a regulatory audit. Your firm can leverage Docupace's virtual vault and filing system to mitigate the risk of noncompliance with FINRA, SEC, and state audits that are inherent in a paper filing system or scattered database repositories. Your firm can also free-up precious office space by electronically warehousing its books and records for convenient retrieval whenever needed. The ePACS Centralized Vault platform is part of Docupace's entirely digital, secure and compliant Straight-Thru-Processing solution that fully integrates document management and workflow, including e-Signatures, e-Forms, and Check21 processing, from start to finish. Call Adam at Docupace to see what discounts are available.
Adam Jakobson, Director of Sales
Docupace
2001 S. Barrington Street #215
Los Angeles, CA 90025
Phone: (415) 416-0193
Email: Adam_jakobson@docupace.com
Webpage: www.docupace.com
ACA Aponix, a division of ACA Compliance Group, offers financial services firms a holistic, client-focused approach to technology risk and governance. Our team of financial technologists works with CTOs, COOs, and CCOs at a broad range of firms to improve security infrastructures, provide advisory services, and conduct cybersecurity reviews. Our reviews go well beyond network perimeter testing, and look for hidden vulnerabilities that lie elsewhere. Our core offerings include cybersecurity and risk assessments, vendor due diligence, network penetration and vulnerability testing, security training and phishing testing, and strategic technology advisory and guidance.
Raj Bakhru, Partner
ACA Aponix
1370 Broadway, 12th floor
New York, NY 10018
Phone: (212) 951-1030
Fax: (212) 868-5947
Email: rbakhru@acaaponix.com
Webpage: www.acaaponix.com
Entreda's Unify cybersecurity policy enforcement software analyzes and monitors servers, computers, mobile devices and networks financial firms use in order to verify enforcement of security best practices including compliance with a comprehensive checklist that conforms to FINRA and SEC technology guidelines. Entreda is a software company founded in 2011 with offices in San Mateo, California. For more information, visit http://www.entreda.com. To receive the following three benefits (aside from 10% off standard Unify pricing) please contact us at partner@entreda.com:
Sid Yenamandra
Entreda, Inc.
16 E 3rd Street, Suite 6
San Mateo, CA 94401
Phone: (650) 294-8162
Email: sid@entreda.com
Webpage: www.entreda.com
ITEGRIA is a strategic technology partner that works exclusively with Registered Investment Advisors. As a technology expert in the RIA space, ITEGRIA understands the importance of cyber security from both a technical and regulatory perspective. AdvisorGuard solution is designed to give you the information to protect your firm and help meet SEC cyber security compliance mandates. Using a combination of best-in-industry diagnostic tools to identify threats to your system, this service will scan your system monthly to identify vulnerabilities; identify, track, and block suspicious URLs; as well as prevent malicious software from shutting down your system or creating a gateway for attackers to access sensitive data. AdvisorGuard will also give your system an extra layer of protection by deploying a multi-factor authentication methodology to all of your workstations and servers. Our diagnostic report will pinpoint all the weaknesses that could leave you at risk for malicious and criminal behavior that could compromise your and your clients' most sensitive information. The power of information— you decide what action to take and when. The reports generated monthly through our AdvisorGuard solution are essential for demonstrating to the SEC that your firm is taking action to protect itself and your clients from cyber attacks.
Robert Madi, Partnership Development Executive
ITEGRIA, LLC
1550 North Northwest Hwy., Ste. 403
Park Ridge, IL 60068
Phone: (224) 563-3396
Fax: (847) 635-8450
Email: rmadi@itegria.com
Webpage: www.itegria.com
The Preparis Audit-ready Package delivers comprehensive cybersecurity preparedness and compliance to RIAs more efficiently and cost-effectively than any other approach. The package includes everything your firm needs to meet the guidelines of the SEC including an incident management plan, annual plan updates, an annual cybersecurity assessment and penetration test, online cybersecurity training for employees, an annual tabletop test, and reporting packages for audits and client requests. If you're like hundreds of the RIAs we work with, you're faced with interpreting regulations and guidelines on your own while trying to determine how to cobble together multiple expensive vendors and point solutions. Preparis is protecting over $800 billion in assets for firms just like yours. Learn more here
Wade Tucker
CSO
3340 Peachtree Road, NE
Suite 2050
Atlanta, GA 30326
Phone: (855) 447-3750
Email: wtucker@preparis.com
Webpage: www.preparis.com
Finetooth is dedicated to the growth of financial advisors. Since 2006, our focus on independent business models and the needs of our clients have made us one of the most trusted consulting firms among advisors, RIAs, IBDs and clearing firms.
Our team of experienced financial services professionals is as diverse and dynamic as the firms and advisors we work with. Our collective background includes wealth management, financial planning, valuation, recruiting, and just about everything in between. We understand that changing broker dealers or acquiring advisory businesses is no small endeavor, and we are committed to providing our clients with a personalized, highly consultative experience.
Knowing the industry inside and out is our business. Helping clients make the most of their unique opportunities is our passion. We look forward to sharing that passion with you.
Ryan Shanks, Founder + CEO
Finetooth Consulting
34 Greenacre Ave
Longmeadow, MA 01106
Phone: 413-754-3254
Email: ryan@finetoothconsulting.com
Webpage: www.finetoothconsulting.com
RIA Match offers financial advisors and firms solutions for succession planning, growth and next generation recruiting. The matching platform has proprietary matching algorithms which allow you to search for free and pay to connect anonymously and securely. Buy, sell, merge, join or add advisors to your practice. Use this one-month free coupon: ria_match_promo
Mary Ann Buchanan, CEO
RIA Match
8000 Towers Crescent Dr., 13th Floor
Vienna, VA 22182
Phone: (571) 252-3247
Email: maryann.buchanan@riamatch.com
Webpage: www.riamatch.com
The Investment Adviser Association is a not-for-profit organization that represents the interests of SEC-registered investment adviser firms. The Association provides various services and benefits to its membership, including being the only organization that exclusively represents the interests of SEC-registered investment advisers before the U.S. Congress, the Securities and Exchange Commission, the Department of Labor, state securities commissions, and other governmental entities. The Association played a major role in the enactment of the Investment Advisers Act of 1940, the federal law regulating the investment adviser industry. Today, the IAA’s growing membership consists of more than 650 firms that manage $25 trillion in assets for a wide variety of clients, including individuals, trusts, investment companies, private funds, pension plans, state and local governments, endowments, foundations, and corporations. The IAA provides members with valuable compliance resources and services, including access to the IAA legal staff and an extensive online library of legal, regulatory, and compliance resources. The IAA keeps members fully informed about relevant issues and timely topics through its many committees, working groups, and member forums, and with publications, conferences, workshops, webinars, and other educational programs.
Interactive Brokers is a Silver Partner of the Investment Adviser Association, and the IAA has agreed to extend a 20% discount on first year membership dues to Interactive Brokers clients. To claim this discount, investment advisers will need to note that they have found out about the IAA through Interactive Brokers and reference the discount code “Interactive20” in Item 5, under the “Firm Information” heading in their IAA Membership Application, which is available on this page.
Alain P. Taylor
Director, Member Marketing
Investment Adviser Association
818 Connecticut Ave., NW Suite 600
Washington, DC 20036
Phone: (202) 507-7200
Email: alain.taylor@investmentadviser.org
Webpage: https://www.investmentadviser.org
IMPORTANT NOTE:
Interactive Brokers has provided this list to help advisors trading on the IBKR platform find prominent third-party compliance providers. The Preferred Providers listed on this page are independent companies that are not affiliated with or agents of Interactive Brokers. The information concerning the providers on this page was provided by the third-party service providers listed, and Interactive Brokers does not guarantee its accuracy. This list is NOT a recommendation by Interactive Brokers that you should contract for the services of the third-party providers listed on this page. These third-party providers are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services provided by these third-party providers.
Some of these third-party providers have offered discounted rates to advisors trading through Interactive Brokers. Interactive Brokers cannot guarantee that the discounts offered by these third-party providers are the lowest rates available.
On Tuesday, Dec. 22, 2020, the SEC announced it had finalized reforms to modernize rules that govern investment adviser advertisements and compensation to solicitors under the Investment Advisers Act of 1940. The rule replaces the current advertising rule’s broadly drawn limitations with principles-based provisions designed to accommodate the continual evolution and interplay of technology and advice, and includes tailored requirements for certain types of advertisements. Click the following links to learn more about the rule and its compliance requirements. Advisors can also search interpretative guidance and white papers from law firms.
IMPORTANT NOTE:
Interactive Brokers has provided this list of external links for the convenience of investment advisors. Accessing these links will take you outside of the Interactive Brokers website to external websites. Interactive Brokers is not affiliated with any of these external websites, and cannot attest to the accuracy of the information on these websites. Investment advisors should independently research the applicable registration and compliance requirements and confirm that these websites provide the most current information.
Investment Advisers registered with the SEC are required to file with the SEC and deliver to retail investors a relationship summary disclosing certain information about the firm. State-registered Investment Advisers should check state regulations on whether a similar filing is required.
If you do not have any retail investors to whom you must deliver a relationship summary, you are not required to prepare or file one. Individuals with high net worth are deemed as retail investors for Form CRS purposes, while organizations (e.g. hedge funds, private equity funds, venture capital funds, family offices) are not retail investors.
For more information about the specific requirements of Form CRS, please review the Form CRS Adopting Release, the Small Entity Compliance Guide, the Frequently Asked Questions on Form CRS, the Examinations that Focus on Compliance with Form CRS, and the SEC Spotlight page on Regulation Best Interest, Form CRS and Related Interpretations.
IMPORTANT NOTE:
Interactive Brokers has prepared this list of resources for educational and information purposes only. This information should not be construed as legal advice and has not been tailored to address the particular circumstances of you or any other advisor.
Interactive Brokers has provided this list of external links for the convenience of investment advisors. Accessing these links will take you outside of the Interactive Brokers website to external websites. Interactive Brokers is not affiliated with any of these external websites, and cannot attest to the accuracy of the information on these websites. Investment advisors should independently research the applicable registration and compliance requirements and confirm that these websites provide the most current information.
Investment advisors have a "best execution" duty to their clients. Generally speaking, the advisor must execute client trades through a broker that, all things considered, gets their clients a favorable deal on each trade. The advisor should take into account the broker's execution quality, commissions and fees and the quality of the brokerage services provided, among other things.
If a regulator (or client) asks, an advisor needs to show that it has "considered the full range and quality of a broker's services when placing brokerage, including, among other things, execution capability, commission rate, financial responsibility, responsiveness to the adviser, and the value of any research services provided." Exchange Act Release No. 23,170 (April 23, 1986).
This is a continuing obligation—advisors shosuld periodically evaluate the performance of the brokers executing client trades.
Interactive Brokers has put together detailed information, including third-party data from the StockBrokers.com, showing the best price execution advantage of trading through IBKR, including the low per trade costs involved.
IBKR stands behind its execution quality. IBKR is the only broker that calculates and publishes total cost of execution statistics taking into account commissions and fees charged by IBKR and execution quality compared to the daily volume weighted average price (VWAP). Interactive Brokers publishes Electronic Brokerage performance metrics every month. You may find the most recent performance metrics here.
Like all brokers, IBKR files a quarterly report pursuant to U.S. Securities and Exchange Commission's ("SEC") Rule 606 describing its order routing practices. This report describes how and where customer orders are routed when customers use IBKR's Smart Order Routing System rather than directing their order to a particular market center. These reports are a standard part of the best execution information regulators expect advisors to review.
The most recent Rule 606 quarterly report is available here.
IMPORTANT NOTE:
Interactive Brokers has provided this information to help advisors trading on the IBKR platform or considering a switch to IBKR as a prime broker or custodian evaluate IBKR's best execution record. This information is not an exhaustive presentation of IBKR's best execution record.
Some of the information or statements on this page or the linked pages are based on reviews, ratings, or analyses by the unaffiliated third parties identified.
Your clients, administrators, auditors and/or regulators may ask about Interactive Brokers' record as a custodian and broker and ask you what due diligence you have done. Or you may be wondering about IBKR's record and doing due diligence yourself.
To help you answer these questions, Interactive Brokers' General Counsel has prepared a memo detailing Interactive Brokers' strong financial position, close regulatory oversight, experienced management, worldwide best execution and low cost that you can provide to regulators, clients, auditors, administrators or other third-parties. We have also included a series of links on this page demonstrating IBKR's fitness as a custodian and broker.
As these materials demonstrate, the combination of Interactive Brokers' extremely strong capital position, experienced and cautious management, strict regulatory oversight, best execution technology and low cost increasingly make IBKR the first choice for prime brokerage, clearing, and custody services for financial advisors who want to provide a safe, secure and cost-effective global investment platform for their clients.
If you need additional information about any aspects of Interactive Brokers' record, you may contact us using the Compliance Question? tab on this page.
Interactive Brokers' General Counsel has prepared a letter you can give to clients and/or regulators to show why IBKR makes sense as a custodian and demonstrate your due diligence. This letter summarizes IBKR's strong financial position, credit ratings, close regulatory oversight, protection of customer assets, conservative and experienced management, best execution technology, disciplinary record, and industry awards and recognition.
Interactive Brokers LLC has been rated A- (Outlook Stable) by Standard & Poor's. This information may be found here. You can view IBKR's ratings going back to 2010 by creating a free account on the Standard & Poor's website.
Interactive Brokers LLC is a member of the Securities Investor Protection Corporation ("SIPC"). You may confirm IBKR's SIPC membership here.
SIPC protects customers against the loss of securities and cash held with a broker that fails up to a certain amount (typically $500,000, including $250,000 for cash). To better understand the protections afforded by SIPC, you may review the brochure "How SIPC Protects You"
Interactive Brokers prides itself on its flexible, innovative, and dynamic trading technology, its low trading costs, and the price improvement its customers may receive on their orders.
The firm has received a number of industry awards recognizing this. Among others, IBKR has been ranked a top online broker by Dow Jones and Co.'s Barron's Magazine for the last six years.
You can view the awards and industry recognition Interactive Brokers has received since 2005 here.
You can review Interactive Brokers LLC's annual and semi-annual statements of financial condition going back to 2003 here.
Profiles of Interactive Brokers' experienced and long-standing executive management team can be viewed here.
IMPORTANT NOTE:
Interactive Brokers has provided this due diligence information to help advisors trading on the IBKR platform or considering a switch to IBKR as a prime broker or custodian. This information is not intended to be an exhaustive presentation of IBKR's record or profile.
Some of the information or statements on this page or the linked pages or documents are based on reviews, ratings, or analyses of the unaffiliated third parties identified. If you need additional information about Interactive Brokers' record or are looking for supporting documentation for any claims, please contact us using the Compliance Question? tab on this page.
You may wonder what it takes to start your own investment advisory firm. This Transition Guide highlights the major legal and regulatory considerations, issues and factors to consider in deciding whether to transition to your own investment advisory practice.
The first compliance hurdle facing an advisor is making sure the firm and certain employees are registered with the SEC and/or the states in which you do business. This Spotlight summarizes the major registration rules affecting investment advisors.
Drafting an advisory agreement and determining how you will be compensated by clients is a key step when setting up an advisory firm. This Spotlight summarizes the main considerations advisors must keep in mind when designing these agreements.
Advisors are generally free to advertise their services but states and the SEC impose limits on the types of advertisements they can use. This Spotlight summarizes those limits, including the rules governing advertisements containing performance information and use of social media.
Advisors must maintain written compliance policies and procedures reasonably designed to prevent, detect, and correct violations of applicable law and a Code of Ethics. We summarize those requirements in this Spotlight.
This Spotlight outlines the difficult and oft-misunderstood topic of advisors' "Custody" of client assets. It discusses the types of situations and arrangements that could lead a regulator to decide an advisor has "Custody" of its client's assets even if the assets are held at a qualified custodian like IBKR and the special responsibilities and requirements that come with having "Custody."
Registered investment advisors must create and maintain true, accurate, and current books and records related to the key parts of their business. This Spotlight discusses the types of records that advisors must maintain, the ways they must be kept and for how long.
So-called "Small" advisors face different, often more complicated registration considerations than larger advisors who are subject to SEC registration rules. This Spotlight summarizes the maze of state registration requirements facing investment advisors with less than $25 million AUM and/or a limited number of clients.
Advisors must decide whether to buy Errors & Omissions or other insurance and make sure they post the required bonds. This Spotlight outlines the factors advisors should consider when deciding what insurance to purchase and the federal and state rules regarding the bonds and net worth requirements governing advisors.
Foreign advisors often wonder whether they must register with the SEC and/or U.S. states. This Spotlight summarizes the main exemptions from U.S. registration available to foreign advisors.
As a fiduciary, an adviser has ab obligation to seek to obtain “best execution” of client transactions. This Spotlight provides an overview of Adviser’s best execution and trade allocation obligations.
Under the Investment Advisers Act of 1940, and adviser’s fiduciary duty is an overarching legal duty that requires an investment adviser to place the interests of its clients ahead of its own interests
Broker-dealers are ranked among one of the most common affiliates of an adviser. The affiliation between an adviser and a broker-dealer creates a number of conflicts of interest and risks that the adviser must both disclose and continuously monitor.
This Spotlight offers a brief review of an advisory firm CCO’s responsibilities and analyzes specific circumstances where a CCO may face personal liability.
The Investment Advisers Act of 1940 requires investment advisers to review, no less frequently than annually, the adequacy of the policies and procedures and the effectiveness of their implementation.
While broker-dealers routinely give investment advice as part of their brokerage activities, the “Broker-Dealer Exclusion” is arguably the most frequently relied upon, yet most complex, exclusion from the “investment adviser” definition.
This Spotlight provides an overview of compliance actions expected of investment adviser subject to the California Consumer Privacy Act of 2018.
This Spotlight discusses specific requirements for an investment adviser’s Code of Ethics, under Rule 204A-1 of the Investment Advisers Act of 1940.
Investment advisors have a fiduciary duty to prioritize the interests of their clients over their own. When an investment advisor has a vested interest in the outcome of a situation, a clash between the advisor’s self-interest and his or her fiduciary duties to the client may intervene. This clash could result in the advisor knowingly or unknowingly giving advice that is not in the best of the client.
ESG factors play a role in the business practices of corporations around the world, affecting each in a unique way. Although these factors have been growing in importance for companies and investors, there is little guidance or regulation on standardizing ESG strategy or compliance. The first step in understanding the factors and their application is by defining them.
This Spotlight discusses the items that were highlighted in the Risk Alert. It also offers some general concepts that may guide investment advisers as they draft ESG disclosures and implement relevant policies.
Financial professionals with a sizable subscription to their blogs or online newsletters often wonder if they are subject to registration as an investment advisor. This Spotlight discusses the criteria they must meet in order to be excluded.
Robo-advisory firms leverage the technologies of algorithmic trading as a selling point to clients in marketing and solicitation. Since these technologies are new, however, conveying how the robo-adviser technology works accurately and honestly to clients is crucial in upholding fiduciary duty.
This Spotlight walks through conditions of the Rule 3a-4 Safe Harbor and examples of its applications, featuring specialty programs like model portfolios and wrap-fee programs in which the investor pays one fee for all services rendered in connection with the investor’s account.
This Spotlight focuses on SEC’s 2021 Risk Alert relating to investment advisers participating in wrap fee programs.
IMPORTANT NOTE:
These Spotlights are provided for educational and information purposes only. The information in these Spotlights should not be construed as legal advice and has not been tailored to address the particular circumstances of you or any other advisor. Investment advisors should independently research the applicable registration and compliance requirements and consult legal counsel as needed. Interactive Brokers does not control or guarantee the accuracy, legality relevance timeliness, or completeness of information contained in the Spotlight Series.
