You may have read about this a few weeks ago in Michael Kitces’s blog, but this is our official kick-off of our new and innovative compliance company.
Webinar—February 12th at 3:00 p.m. EST
To sign up to learn more about this platform, click on the following link:
Who should attend this webinar or sign up to learn more?
https://riaoutofthebox.com/overview-webinar
1) Anyone thinking of starting their own RIA (Registered Investment Advisor). This includes:
-Someone who has NO AUM but wants to have their own RIA vs. joining someone else’s.
-Someone who is an IAR at someone else’s RIA and they are ready to go out on their own.
2) An RIA that is currently outsourcing compliance to a firm like Comply or others.
3) An RIA that has in-house compliance who wants to outsource to a) save money and b) have access to a large compliance team (for better overall services than what an in-house compliance person/team can provide).
What is RIA Out of the Box™?
Well, what is NOT “RIA in a Box?”
RIA Out of the Box™ is an outsourced compliance firm with the following unique aspects:
1) Cost reimbursement—let’s face it, no RIA likes to pay $5k, $10k, $20k+ for annual compliance costs. With RIA Out of the Box™, there are two avenues to generate cost reimbursement credits where literally ALL of your compliance costs can be reimbursed.
2) Attorney-client privilege—most RIAs (Registered Investment Advisors) who use outsourced compliance are using a firm that does not provide attorney-client privilege with communications.
So what? Well, that means all your communications (emails or verbal) are subject to discovery by the SEC or state securities department. If a compliance company conducts an audit to determine if your RIA has deficiencies, that audit along with the list of deficiencies will have to be turned over to your auditor.
RIA Out of the Box™ is comprised of multiple service providers one of which is a law firm. All important communications and any internal audits are covered by attorney- client privilege and are NOT subject to discovery by the SEC or state regulators.
3) Turnkey marketing platform—many times compliance companies like RIA Out of the Box™ are used to START a new RIA. Instead of leaving the RIA to figure out the best billing, trading, and reporting platform, instead of trying to figure out how to build high-quality portfolios, RIA Out of the Box™ has that offering all ready to go in a turnkey manner.
And no, we don’t use Orion, Asset Mark, SEI, Envestnet, etc. (we think RIAs deserve better).
Do you really like your compliance firm?
One reason we are so excited about RIA Out of the Box™ is that we know most RIAs that are currently outsourcing compliance are NOT happy with the services they are paying for. Most compliance firms are not responsive and are overcharging for the services they offer/provide.
In short, most RIAs see compliance as a necessary evil and one that is financially painful.
With RIA Out of the Box™, we aim to change the way RIAs look at their compliance company.
How about using one that is extremely responsive (you will instantly be able to connect with your compliance team through a messaging app) and one where, if you choose, you can literally get the compliance services for FREE through our cost reimbursement program?
So…if you think our new/revolutionary RIA Out of the Box™ compliance offering is interesting enough to learn more, SIGN UP FOR OUR UPCOMING WEBINAR.
I’m confident it will be worth your time!
