Registered Investment Advisors are required to have a compliance program that is effectively designed to prevent, detect and correct violations of the applicable securities regulations.
A compliance program is not a binder to keep on your shelf just to show the regulators. It is a continuous improvement framework that helps you manage the risk of your business and ensure your firm is acting in the best interests of your clients. The Chief Compliance Officer (“CCO”) is required to perform annual testing of the compliance program ensure it is effective in meeting these requirements.
To this end, AdvisorAssist has developed the following topic-based risk assessments to guide your firm through this testing of each functional area of your policies. An Advisor can determine the timing and order of testing that best fits their firm. AdvisorAssist has provided a suggested schedule along with the risk assessment topics below.
For Excel risk assessments, upload the completed risk assessments below, by click “+ Add file“. For Google Docs, copy the web address (URL) of the document and then click “+ Add link” below to link to this page.