SEC Provides Guidance on RIA Custody: Understanding the new guidance and how to avoid surprise audits

Broadcast Date: Thursday, Sept. 28 at 3:30 pm ET

Are you taking custody of client assets without even knowing it? Do you help your clients with things like transfers and wires? In this webinar, find out what you need to know to avoid custody issues and required surprise exams.

In recent years, both the SEC and state regulators have deemed RIAs to have custody of client funds when the RIA is granted certain permissions to receive or even disburse client assets.

New guidance issued by the SEC earlier this year touches on matters such as:

  • Custodial agreements
  • Third-party wire transfer instructions
  • Cash disbursements

If you don’t have your agreements and process in order, you may be subject to RIA custody rules, including the requirement to have an annual surprise examination of your firm’s practices. Understanding what you can and can’t do to avoid the onerous requirements of taking custody can save money, lower regulatory risk, and reduce regulatory headaches.

Featured Speaker: Keith Marks, SVP & General Counsel Ascendant Compliance Management, Inc.

Webinar Topics Include:

  • ADV Item 9: Custody
  • Standing Letters of Authorization – Cash Disbursements
  • Limited Power of Attorney – What does your Investment Management Agreement say?
  • Third-Party Wire Transfers
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