Description
In this continuing education session, learners will review 3 Nerd’s Eye View articles: Why Held-Away Asset Management Technology Is Being Scrutinized By State Regulators (And How Advisors Can Compliantly Manage Clients’ 401(k) Assets), How RIAs Can Launch A Private Fund: Legal Requirements And Common Missteps, and A Recordkeeping Checklist For Financial Planning Services: Proactive Documentation Of Service Delivery To Reduce Regulatory Scrutiny.
In the first article, Ben-Henry Moreland discusses the challenges financial advisors face when managing clients' employer-sponsored retirement accounts, how data aggregation tools have evolved to address these challenges, and the regulatory concerns associated with held-away asset management. In the second article, Richard Chen explains how RIAs can establish a private fund along with the regulatory requirements and risks associated with managing a private fund. In the third article, Travis Johnson, IACCP® explains bookkeeping requirements for Registered Investment Advisers (RIAs) and how to use checklists to assist firms in auditing their books and records.
Learning Objectives
1. Summarize the regulatory concerns surrounding the use of third-party platforms like Pontera for managing clients' held-away retirement assets and the implications for financial advisors.
2. Analyze the potential alternatives to held-away asset management technology and evaluate the risks and efficiencies associated with each option.
3. Identify the legal, regulatory, and operational requirements necessary to launch and manage a private fund.
4. Describe the regulatory requirements for recordkeeping by state and SEC-registered Investment Advisers (RIAs).
5. Create a checklist system to audit a firm’s books and records to determine regulatory compliance.