RIA Compliance
- In house compliance review process (on site administrator and Chief Compliance Officer work as team)
- Quarterly in house compliance meetings and two annual compliance updates during team retreat
- Essential Responsibilities fulfilled by MONECO (include, but not limited to) in conjunction with Advanced Regulatory Consultants (Legal Team)
- Maintain IARD Account User Account
- Maintain IARD Super Account Administrator Account SSA
- Maintain funds for all filings and registrations per rep in the IARD Financial Account
- Developing and administering RIA compliance policies and procedures for both state and LPL audits
Broker-Dealer Compliance
- Resolving/Paperwork for all LPL Notifications (LPL COMPLIANCE NOTIFICATIONS)
- Maintaining books and records for firms’ advisory clients
- Maintaining suitability for firms’ advisory accounts
- Quarterly LPL Advisory Surveillance Reports
- Maintaining files for firm to in adherence with LPL and SEC record retention standards
- Two LPL Audits per year (one announced/ one unannounced)
- Ensuring all advertising and sales literature materials are in compliance with FINRA and/or state regulations.
Compliance Consultants
- Independent Compliance/Legal consulting firm on retainer for RIA Hybrid firm ARC (Advanced Regulatory Compliance)
- Produce documentation to regulatory agencies when requested (CT Department Banking, WEB CRD, IARD, National Regulatory Systems)
- Prepare Annual ADV Part 1
- Prepare Annual ADV Part 2
- Prepare Annual ADV Part 2B
- U4 Annual Amendments
- Filing of Form ADV 2A and 2B with State
- Licensing of New IAR’s
- Filing each advisors state registrations
- Private Policy Annual Draft
- Maintaining files for individual representatives for IAR State of CT
- Prepare supplemental advisory brochure annual (or anytime there are changes within a firm/representative) and annual upload to the Firm’s CRD website as well as each individual’s CRD