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.Â
What’s Included in Membership?
- Annual ADV Update
- Smart RIA Compliance and Task Management Software
- Weekly Office Hours with our knowledgeable in-house teamÂ
- 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!Â
Enhanced Initial Registration
The Enhanced service offers all of the benefits of our standard registration plus dedicated 1:1 support for your firm throughout the entire registration process with your primary state or the SEC.
- Everything included in our standard Initial Registration Guaranteed
- 1:1 compliance support
- Meetings or calls scheduled by your consultant as needed
First Year Compliance Foundations
Bundled Initial Registration and Compliance Consulting
Enhanced Initial Registration with Compliance Program Development & Implementation Support
Starting your own business, let alone a highly regulated RIA, can be incredibly overwhelming. Not only are you starting your own firm, but you are likely the one responsible for ensuring your firm complies with all applicable rules & regulations of any jurisdiction in which your firm will operate.Â
We understand what it takes to start and run a State or SEC registered RIA and your compliance program is just one of many functions that you are accountable for as a business owner. Our team of compliance experts are available to help you build a solid foundation and establish an efficient and effective compliance program from the start.Â
When you engage in our initial registration service bundled with first year compliance consulting, you will be supported by a team of compliance experts who will guide you through process of State or SEC registration, establishing effective policies and procedures, and putting into place efficient processes and compliance practices throughout your first year to lay a foundation that will support your firm’s growth in the years to come.Â
We will help you eliminate the guesswork of learning and applying the necessary rules and regulations within your business and ensure you are equipped with the knowledge and resources to become an effective and empowered CCO in your first year.
Investment Adviser Initial Registration
- A dedicated point of contact who will guide you through the process
- Information gathering call and document draft review call.
- Form ADV & Client Agreement Development & Filings
- Form U4 Drafting & Filings
- Preparation And Submission Of Registration Filings
- Assistance With All Regulatory Correspondence
- Proactive follow ups and check ins throughout the process
First Year Compliance Consulting & Program Development
- Development & Implementation of Written Policy & Procedure Manual
- Build Out Of Compliance Processes & Best Practices
- Compliance Task Management Setup & Training
- Additional Registration & Notice Filing Support
- Audit Prep Support & Guidance on Best Practices
- Other Expert Compliance Consulting Support as needed
- Unlimited Email Support With A Dedicated Team Of Compliance Experts
Cost
$5,200 if paid upfront ($500 savings) or $475 / Month (For 12 Months)*
*Can transition to Silver compliance consulting on a month to month basis at $350 / Month after the first year if you value the continuous accountability and peace of mind component at that time. Otherwise, the engagement ends after twelve months.
Ongoing Compliance Consulting Services
Our Ongoing Compliance Consulting Services were built to provide your firm with flexible training and ongoing support by expert Compliance Consultants who will work closely with your firm’s CCO or other designated compliance contact within your firm to aid in the development, implementation, and maintenance of your firm’s compliance program.
Through our ongoing consulting arrangements our goal is to help you build an efficient and effective compliance program that is tailored to your firm’s unique needs both now and as your firm evolves. So whether you are just getting started in your first year running your firm or you have an established business with a team to support, our Consultants will help you build confidence in your compliance program and work to ensure that it meets the requirements and expectations of your primary jurisdiction whether it be with the States or the SEC.
While the nature and structure of these ongoing engagements varies based on the needs of the firm, most engagements include, at minimum, the following:
- Proactive consulting tailored to your firm with compliance program management support
- Development or refinement of written policy and procedures
- Streamline or build out compliance processes with best practices
- Setup and training on compliance task management
- Support of additional registration and notice filing
- Audit prep support and guidance
- Access to expert compliance consulting
- Proactive check-ins from your Consultant team
- Unlimited email support
For those who are looking for more hands-on support from their consultant, we do offer additional support that can be priced into your ongoing compliance consulting subscription. This support can include any number of the following compliance functions based on the needs of your firm:
- New Employee Compliance Program Review and Training
- Trade Monitoring & Reviews
- Client Billing Accuracy Reviews
- Client Suitability Information Maintenance Reviews
- Periodic On-site Compliance Visits for Training and/or Audit Support
- Annual Holdings & Quarterly PST Report Gathering & Reviews
- Vendor Due Diligence Execution, Review, & Reporting
- Annual Compliance Meeting Prep & Execution
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 |
|---|---|
| Form ADV amendment & filing support | $300 per ADV Update Engagement |
| Additional state registration support | $800+ per state, additional hours billed at $300/hour |
| Notice filing support | $150 per notice filing with the appropriate States |
| IAR registration filings & support | $300 per IAR Registration, $150 per Form U4 Amendment $150 per Form U5 Filing |
| Transition to SEC registration from state-registered | $800+ Includes all necessary revisions and submission |
Free Resources
Looking to Learn More About Compliance?Â
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!
