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ACS, Author at RIA Compliance, Registration & Notice Filing



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.

SEC 2019 Examination Priorities

SEC Examination Priorities for 2019 The SEC Office of Compliance Inspections and Examinations Announced there 2019 examination priorities report.  After reading the report, we believe that Investment Advisory (RIAs) firms will be a high priority for the SEC in 2019, based on their growing exposure to the general public. Investment Advisory Firm Compliance Priorities [...]

Cybersecurity Checklist For RIA Firms

Cybersecurity Checklist For RIA Firms Each and every investment advisory firm should have an established cybersecurity policy that includes procedures to enact in the case of a breach. Here are the four main areas that should be covered: Identify The Risks   Conduct an annual assessment of the potential risks and vulnerabilities to the confidentiality, integrity, [...]

Overview of RIA Compliance Responsibilities

A Basic Overview: RIA Compliance Responsibilities The information contained in this post is meant to be a basic overview of a RIA's compliance responsibilities and areas IA firms and their Chief Compliance Officers (CCO) should be aware of. The topics discussed vary and include but are not limited to the following areas: RIA Registration [...]

Compare RIA Compliance Pricing

Introducing 3 New Pricing Models  For RIA Compliance. Take Control Over Compliance, & Achieve "Peace Of Mind". Qtrly Consultations Discounted Pricing $500 Onboarding Fee *Additional fees may apply. Sign Up Now! [...]

Cybersecurity For RIA Firms

Cybersecurity For RIA Firms A Cybersecurity Risk Assessment: RIA Firms Cybersecurity is the number one most serious issue that needs to be acknowledged and addressed at every firm no matter of size. Undertaking an internal assessment of client & sensitive information, safeguarding procedures and ensuring they are sufficient in protecting your clients and your firm [...]

RIA Audit Checklist

RIA Audit Readiness The best way for RIA firms to prepare for a surprise regulatory audit is through a mock audit RIA Audit Checklist.  A RIA Audit Checklist for State and SEC Registered Investment Advisors (RIAs) allows you to focus on what matters. Both State and SEC RIA firms are subject to surprise examinations at [...]

RIA Performance Advertising

Performance Advertising For RIA Firms RIA Performance Advertising RIA firms tend to stay away from using performance numbers in their advertisements even though performance numbers can be used. The main issue with using performance data is that it gives the regulators more opportunities to find fault, fine and suspend your firm as they can point [...]

Robo Advisor Platforms For RIA Firms

Robo Advisor Platforms For RIA Firms Posted by Aurora Compliance Solutions The “Robo Adviser” platform has its supporters and it also has its critics. I’ve been in the financial industry for almost 20 years and have seen a lot things come and go. The first thing that comes to mind is the emergence of [...]

Annual Audit Eligibility for 401(k) plans

Annual Audit Eligibility for 401(k) plans 401(k) and retirement plans in general maybe subject to a plan audit through the Dept. of Labor. It all starts with the to filing of the IRS form 5500.  There are 2 options to the 5500. The "Short Form" and the "Long Form". The short form is for small [...]

Social Media Compliance For RIA Firms

Social Media Compliance For RIA Firms RIA Firm Compliance Today, every RIA firm’s compliance manual should include a Social Media policy. As a Financial Advisor Social Media offers a great way to grow your brand and increase your client base. However, even if your firm chooses not to use Social Media (Blog, Facebook, etc.) as [...]