ACS VIEWPOINTS

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About ACS

Edward Romanowsky started Aurora Compliance Solutions to offer a comprehensive customized offering to Registered Investment Advisers (RIAs). Edward has spent 20+ years in the financial services business and has a vast knowledge around the RIA industry and the offerings available in this space.

RIA Compliance Rules

RIA Compliance Rules RIA compliance rules and regulations can be confusing. A comprehensive RIA compliance strategy starts with a review of your existing documents. A review also includes advertising, marketing, policies and procedures as well.  Then compare and contrast the results to your existing business model and regulatory requirements. You will then want to review what you have found, confirm [...]

RIA Valuation Calculation

Understanding the valuation calculation of a Registered Investment Advisory (RIA) firm. At some point, most advisors contemplate buying or selling a RIA firm and the obvious first question they have is how to properly value a firm. Assessing the value of an RIA firm has many variables.  It is important to start with a simple baseline [...]

RIA State Registration Guidelines for Investment Advisors

A Basic Guide To RIA State Registration Guidelines for Investment Advisors As an investment advisor you are most likely required* to register with the state(s) in which your main office is located or with the Securities and Exchange Commission (SEC). If an advisor has over $100 million in aum they are required to register with [...]

Setting Up A RIA Firm

Setting Up A RIA Firm The reasons to become an independent Registered Investment Advisor (RIA) are numerous and the benefits can be extraordinary. As an RIA you are in 100% control, from the financial planning software you choose to where you where you decide to custody your assets. The biggest hurdles you will run into are the decisions [...]

Fiduciary Guide for Employers

10 ‘Fiduciary’ Questions For Employers As an employer it is extremely important to understand your ‘fiduciary’ responsibilities for the benefit of the company’s retirement plan and stay in compliance with the law. Here are some questions to answer that will help you identify areas that may be of concern: Who are the ‘fiduciaries’ of the [...]

Business Continuity and Succession Planning For RIA Firms

Business Continuity and Succession Planning for RIAs RIA Business Continuity Plan Business Continuity and Succession Planning is a relatively hot topic these days that seems to be top of mind for a lot of advisors. Most advisers we bring on as clients know of the requirement (Rule 203(a)-1A and/ or the proposed SEC Rule 206(4)-4) [...]

RIA Branding Strategy

RIA Branding Strategy One of the most important aspects of a business, large or small is “Branding”.   A properly implemented branding strategy gives you a major advantage over your competition in the RIA market place. Your brand is the first impression people see and what they will associate with. It separates you and your business [...]

State De Minimis Rules for RIA Registration in Each State

RIA State Registration Requirements The De Minimis Rule Investment advisors you are required* to register with the Securities and Exchange Commission (SEC) or the state(s) where their main office is located. If an advisory firm has over $100 million in aum they are required to register with the SEC and if they have under $100 [...]

RIA Firm Merger & Acquisition

Investment Advisory (RIA) Firm Merger & Acquisition Success One question I get quite a bit from my growth client base is “Do you know of any advisors looking to retire and/or sell their practice?” My response is “Not at this time but I am aware of a number of advisors that talk a lot about [...]

Retirement Plan Sponsor Fiduciary Responsibility Guidelines For Employee Benefits

Retirement Plan Sponsor Fiduciary Responsibility Guidelines For Employee Benefits As a fiduciary you are required to act in and for  the benefit of the others in certain activities.  As a control person being responsible for a retirement plan you have a fiduciary obligation to the members of the plan. Gone are the days where offering [...]