Compliance
XYPN’s services around RIA compliance provide you with the tools, education, and resources necessary to serve as your own CCO. 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.
What This Benefit Provides You
Compliance is a huge concern for new firm owners. It’s complicated, confusing, and scary to try to work through on your own — and it can be prohibitively expensive to try and hire compliance professionals to set everything up for you. Going at it alone can run your compliance setup costs anywhere from $3,000 to $15,000.
But membership with XY Planning Network means you no longer need to handle compliance on your own. We provide services for all advisors, from those who need to register and launch their own RIA to existing firms who need to think about annual updates and how to deal with regulators.
Get the Details
- Initial registration and paid services
- Templated compliance documents, including Client Agreements
- Compliance calendar and task list via Smart RIA
- Anytime access to compliance professionals via the Compliance Forum
- Ongoing support
- Weekly Office hours with Director of Compliance, Travis Johnson, and Senior Compliance Consultant, Scott Gill
- Monthly Webinars
Staying compliant and acting as your own Chief Compliance Officer doesn’t have to be overwhelming, scary, or hard. XYPN members can face compliance with confidence thanks to our services, coaching, and resources.
Initial Registration & Paid Services
Included in Membership Fee:
- How-To Guides and Templates
- Access to Members-Only Compliance Forum
- Compliance Education via Webinars and XYPN Academy
- Weekly Office Hours with Scott Gill, XYPN Senior Compliance Consultant
- Smart RIA Compliance and Task Management Software
| Initial Registration & Paid Services | Price for IR & Paid Services* |
|---|---|
| Initial Registration: 1 State Registration and 1 IAR | $1,500 upfront OR $150/month for 12 months |
| Initial Registration Expedited Filing | $2,500 |
| Registration in Additional States | $800 |
| Registering and Filing Additional IARs | $300 |
| Hourly Consultations with Direct Access to Compliance Consultant** | $300/hour |
*State/SEC fees, and exam fees are not included in the prices above and will go directly to the agencies. Click here for current pricing.
**Hourly Consultation Services are available for one-on-one support from a compliance expert to work through and answer your compliance-related questions. We are also available for additional hourly projects such as: advertising and marketing review, compliance document review, guidance on establishing and maintaining your compliance program and tasks, assisting with preparing for regulatory examinations, and resolving regulatory deficiency letters.
Ongoing – Premium A La Carte Services
Included in Membership Fee:
- Annual ADV Update
- Weekly Office Hours with Scott Gill, XYPN Senior Compliance Consultant
- How-To Guides and Templates
- Access to Members-Only Compliance Forum
- Compliance Education via Webinars and XYPN Academy
- Smart RIA Compliance and Task Management Software
| Ongoing – Premium A La Carte Services | Price for A La Carte Services |
|---|---|
| Virtual Mock Examination | $3,500 |
| Registration in Additional States | $800 |
| Registering Additional IARs | $300 |
| Form U4 Update and Filing | $150 |
| Assisting with and Filing of “Other-Than-Annual” ADV updates | $300 |
| Hourly Consultations with Direct Access to Compliance Consultant** | $300/hour |
**Hourly Consultation Services are available for one-on-one support from a compliance expert to work through and answer your compliance-related questions. We are also available for additional hourly projects such as: advertising and marketing review, compliance document review, guidance on establishing and maintaining your compliance program and tasks, assisting with preparing for regulatory examinations, and resolving regulatory deficiency letters.
Compliance Coaching Services
Create a one-on-one relationship with a compliance expert who will work with your firm to improve operational efficiency and increase accountability for the ongoing needs of your compliance program.
| Bronze ($250/month) | Silver ($350/month) | Gold ($550/month) | |
|---|---|---|---|
| 1-hour Phone Consultation | Quarterly | Monthly | Monthly |
| Complimentary Premium ADV Update (Annual Amendment) | ✔ | ✔ | ✔ |
| Annual Compliance Document Review | ✔ | ✔ | ✔ |
| Additional State Registrations | 1 Annually (no rollover) | Unlimited | Unlimited |
| Adding Additional IARs | 1 Annually (no rollover) | Unlimited | 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) | ✔ |
Compliance support and services are just the beginning
Download our free Member Benefits Directory for even more benefits
Our info-packed Member Benefits Directory details all the perks you can enjoy as a member of the Network. With over 70-pages of free-for member services, exclusive opportunities, additional discounts, and official partners you’ll see why over 1,000 fee-for-service financial advisors are part of the XYPN community.
