Compliance
Get the Compliance Support You Need
We hear it every day: compliance is overwhelming for independent financial advisors. That’s why XY Planning Network has a large, in-house compliance team for you to rely on. Our experts are ready and able to assist you with your initial state or SEC registration, annual ADV updates, regulatory exam prep, and so much more. Do you just have a quick compliance question? No problem – there are multiple opportunities for Q & A each week through regular office hours and our members-only forums. Rest easy knowing your compliance team is just a click away.
You can serve as your own Chief Compliance Officer. We’ll show you how.
What’s Included in Membership?
- Annual ADV Update
- Smart RIA Compliance and Task Management Software
- Weekly Office Hours with our knowledgeable in-house team
- Access to Members-Only Compliance Forum
- Compliance Education via Webinars and XYPN Academy
- How-To Guides and Templates
Tech Spotlight: Smart RIA
By special arrangement with Smart RIA, members of XY Planning Network benefit from having a customized compliance solution. XYPN’s compliance team works closely with the Smart RIA folks to maintain a proactive and highly organized compliance program, which is available to XYPN members as an included member benefit. The offering includes task-management questionnaires, document storage, and compliance checklist reminders, among other helpful features.
Initial State & SEC Registration Service
Are you starting from ground zero and new to the industry or breaking away from your existing RIA or Broker Dealer? Our Initial Registration Service has been built and refined over hundreds of registrations in nearly every state as well as the SEC in order to help you get your firm registered in a timely manner while helping you establish confidence out of the gate as a new firm owner and Chief Compliance Officer. We will draft your Firm Brochure (ADV Part 2A) and all necessary supplements and appendix brochures and tailor client agreements for your services that align with your ADV Part 2A. We will then help you file all the necessary documentation to initiate the registration process in your jurisdiction and work with you and the state regulators through the review of your firm’s application all the way to your firm’s approval so that you can move forward with launching your firm!
Compliance Coaching Services
XYPN Compliance Coaching Services are designed to create a one-on-one relationship with a compliance expert that will work with your firm to improve operational efficiency and increase accountability for the ongoing needs of your compliance program. The program is designed to facilitate a seamless and dependable relationship with both chief compliance officers, and those which the CCO may choose to delegate to complete ongoing compliance tasks. Through our process, the firm will be exposed to a unique educational experience built to encourage self-sufficiency and increase competency for your RIA compliance professionals.
| Bronze ($250/month) | Silver ($350/month) | Gold ($550/month) | |
|---|---|---|---|
| 1-hour Phone Consultation with your dedicated compliance consultant | Quarterly | Monthly | Monthly |
| Complimentary Premium ADV Update (Annual Amendment) | ✔ | ✔ | ✔ |
| Annual Compliance Document Review | ✔ | ✔ | ✔ |
| Additional State Registrations | 1 Annually (no rollover)* | 2 Annually (no rollover)* | Unlimited Registrations or Notice Filings |
| Adding Additional IARs | 1 Annually (no rollover)** | 2 Annually (no rollover)** | Unlimited |
| Direct Email Access | ✔ | ✔ | ✔ |
| On-Demand Audit Support | ✔ | ✔ | |
| Virtual Mock Internal Exam (optional) | ✔ | ||
| Regulator Contact and Research (as needed) | ✔ | ||
| SEC Filing Assistance (file prep, Edgar filings) | ✔ | ||
| State Registration and Renewal Support | ✔ | ||
| On-Demand Phone Support (maximum 2 hours per month) | ✔ |
*Additional State Registration requests billed at $300 per state.
**Additional IAR requests billed at $150 per IAR.
Interested in other coaching opportunities? Check out Executive Coaching & Marketing Support.
What Members are Saying
“Thank you, Scott, for all your help and expertise these last six months. With the help of you and the program, we were able to: make sure we were compliant when changing our company name, get registered in a new state, update our ADV documents and client agreements to match the work we actually do for clients, gain a much deeper understanding of our compliance manual and all the compliance tasks we need to stay on top of, and get an actionable plan in place to stay on top of compliance. I will highly recommend this service to other XYPN members.”
– Ben Wacek
Premium A La Carte Services
Our a la carte premium compliance services are designed for those who want to pay for compliance services only when they need it. We have compliance experts available to assist you with your compliance needs whenever those needs or issues arise. From expedited initial registration filing assistance to registering in new states and hiring new IARs as your firm grows and evolves, these compliance services are available to help you confidently and efficiently keep your documents, filings, and compliance program up to date so that you can focus on working with your clients and growing your firm.
| Premium A La Carte Service | Price |
|---|---|
| Expedited Initial Registration Filing Assistance | $1,000 |
| Premium ADV Update Service | $300 |
| Additional State Registration Assistance | $800 |
| Additional IAR Registration Assistance | $300 |
| Hourly Compliance Consultation | $300/HR |
| Virtual Mock Examination | $3,500 |
Free Resources
Looking to Learn More About Compliance?
We’ve got a guide for that.
We’ve designed a number of informative resources to help independent financial advisors start, run, and grow firms of their own. Here, you’ll find some of our free templates, guides, videos, and webinars to get you going. Thanks for stopping by XY Planning Network. Just click the cover to download the guide!
