Fundamental Compliance Consulting, Llc

Very professional staff and they saved us a bundle in operating costs by setting us up with one of their licensed principals. Leverage industry expertise to ensure regulatory, reputational and fiduciary risks are effectively monitored and mitigated. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.

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. 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.

Broker Audit Pro provides mortgage brokers with support and guidance through the auditing process. With Broker Audit Pro, you will have a dedicated Compliance Consultant to advise you in responding to the examiner. Exclusive pricing on all compliance and licensing support services that enable you to focus on growing your business.

Ibkr Due Diligence Information

The Deliquent Filer Voluntary Compliance Program allows employers to pay reduced civil fines if they have filed Form 5500 late. Reduced fines are available if employers voluntarily apply for this program and if Form 5500 filings are made prior to the stated date by the Department of Labor . Applicable Large Employers , who within the previous year, had 50 or more full-time employees (including full-time equivalent employees) must report certain information on the IRS Form 1094-C and 1095-C.

These notices describe the method used to calculate the fee, the amount of the fee and the period covered by the fee. 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. As of February 10, 2021, every health plan needs to have a detailed analysis on-hand to show how they meet these requirements. To make things even more complicated, the DOL is now required to audit these analyses—maybe even yours… Then, the DOL and HHS must issue an annual report to Congress detailing the results of these reviews, including the names of noncompliant plans. We receive, collect and store any information you enter on our website or provide us in any other way. In addition, we collect the Internet protocol address used to connect your computer to the Internet; login; e-mail address; password; computer and connection information and purchase history.

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. 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.

Car Insurance

Many of these service providers have agreed to offer discounts to investment advisors trading on the Interactive Brokers platform. 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. At Core Compliance & Legal Services, Inc. ℠ (“Core Compliance”), we offer a wide range of services for those looking for broker-dealer compliance consulting. We provide assistance to those who are initially registering, implementing, or looking to enhance their existing compliance program.

Any employer who offers health care benefits and would like to offer pre-tax payment of qualified benefits. Setting up a Section 125 POP allows employees to pay for insurance premiums with pre-tax dollars and reduces employer payroll taxes. POP plans https://xcritical.com/ can be applied to premiums for group insurance products such as health, dental, vision, disability, up to $50,000 in term life coverage, and other supplemental coverage. The best part is these plans allow employees to take-home more pay each month.

• Based on guidance provided by FinCEN, FFIEC, FATF and other regulatory authorities, SIRS’ Independent AML Testing provides a comprehensive review of a firm’s AML compliance program.
• Navia’s online tool is designed to make your testing experience easy and lower your incorrect results.
• 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.
• We have also included a series of links on this page demonstrating IBKR’s fitness as a custodian and broker.
• 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.

Our specialists can help with registration and FINRA compliance requirements, as well as assist with the development of effective written supervisory procedures. For established broker-dealers, we offer assistance for those requiring updates to membership applications, as well as guidance with ever-evolving regulatory standards to ensure requirements and deadlines are met. Our compliance team has over 40 years of experience within compliance functions both in-house, at regulated brokerage and investment banking firms and also out-house at regulatory organisations themselves. Our in-depth understanding of regulatory requirements and the everyday commercial realities of the industry are driven by direct experience in the regulatory environment tempered by an understanding of the way regulators think. This enables us to provide prompt, relevant and practical advice in a cost-efficient manner.

Navia Pop Solutions

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. 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 consulting, technology, managed services, analytics, and outsourcing solutions to more than 7,000 customers globally.

To comply with the ERISA regulations, you need to provide the required documentation, time sensitive notices, and government reporting. Navia provides uniformity and protection by managing all aspects of ERISA compliance. Full-time employees are those who work 30 or more hours per week or an average of 130 hours a month. The staff is very knowledgeable and friendly, they made obtaining home insurance easy for me. They are excellent at staying on top of their clients’ accounts to make sure any changes are addressed and handled quickly.

Information About Preferred Providers For Advisors

Red Oak has compliance programs designed to help you meet your regulatory requirements. Since 2007, Securities Industry Records Services, LLC (“SIRS”) has been a premier provider of low-cost, regulatory compliance services for financial institutions. Specializing in AML compliance services, SIRS has developed training, independent testing, and compliance programs for various non-bank financial institutions.Read more…

Pocket Risk has been profiled in Financial Planning Magazine and John Ndege 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.

Form Crs

It also offers some general concepts that may guide investment advisers as they draft ESG disclosures and implement relevant policies. 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.

We can help you over the phone and through email—but remember we cannot provide tax or legal advice. All types of employee benefits have regulations and federal laws employers are required to comply with. If companies do not comply or are unsure how to comply, they could be penalized. Fines can add up to millions of dollars and in some cases, failure to comply opens a company up to an employee suing them in criminal court.

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. At Compliance Risk Concepts, we provide clients with the critical skills and expertise required to establish, maintain and enhance a balanced and effective compliance operational risk management program. Contact us for more information on how we can provide financial consulting services for your organization. SIRS has developed AML compliance programs for many of the non-bank financial institutions regulated by the BSA. Each of SIRS’ industry-specific AML compliance programs includes the written policies, procedures, and internal controls required by BSA regulations. Interactive Brokers has provided this list to help advisors trading on the IBKR platform find prominent third-party compliance providers.

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. 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.

Customized Compliance Solutions

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.

To qualify for tax-favored status, your benefit plan must prove it does not discriminate in favor of certain highly-paid employees. Our Non-Discrimination Testing Specialist will review your demographics and provide you with results and recommendations. Led by our team of industry experts providing a complete array of features, Compass will effortlessly guide you away from confusion and towards peace-of-mind. Navia provides complete support, which allows employers to spend only 15 minutes per month handling ACA Reporting requirements.

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.

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 . Most investment advisors in the U.S. or with U.S. clients need to register with the SEC or the state where they conduct business, make a series of regulatory filings, and meet ongoing compliance and regulatory requirements.

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. 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.

Compliance Essentials

Red Oak Compliance is quick and attentive to our needs and they have proven themselves to be in command of the nuances of RIA and securities regulation compliance for our fund. It’s the one area of my operation that I outsource and I have complete faith in their abilities. Whether you are looking for the essentials or ready to offload time-consuming compliance tasks. SCP will assist in filing your Mortgage Call Report through the Nationwide Multistate Licensing System & Registry in compliance with federal mortgage origination laws. Having experienced the world’s biggest and deadliest coronavirus outbreak, New York is behind most other states in coming out of lockdown, but its reopening is firmly underway.

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. Interactive Brokers is providing the RIA Compliance Center webpage for educational and information purposes only. This information should What is Compliance for brokers not be construed as legal advice and has not been tailored to address the particular circumstances of you or any other advisor. At Compliance Advisers, our consultants are committed to providing clients with only the best customized regulatory compliance consulting services and products. Robo-advisory firms leverage the technologies of algorithmic trading as a selling point to clients in marketing and solicitation.

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 /riam and bind coverage online. These advantages and others are discussed elsewhere on the IBKR website (see Why Interactive Brokers? and Registered Investment Advisors).