RIA Compliance Blog
This is the first of a two-part series dealing with the state-registered investment adviser industry. In this first post we examine the landscape and discuss common deficiencies identified in state adviser examinations.
Relevant statistics can be found in the North American Securities Administrators Association’s 2018 Investment Adviser Section Annual Report. The Report offers an overview of the state-registered investment adviser industry in the US and highlights the work that state regulators and NASAA’s Investment Adviser Project Groups completed in 2017. The report should be viewed as a useful tool for state-registered advisers to anticipate and correct deficiencies that are commonly cited by state regulators. Continue reading ›