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
All tiers of our consulting options include access to a dedicated team of 2-3 Compliance Consultants, with a primary point of contact among them who will be prepared to support the advisor through consulting calls, email support, and regulatory filing assistance. This format enables the advisor to get timely support from an informed and experienced team of compliance professionals, with a primary point of contact who will work with the advisor to provide compliance coaching, tailoring a compliance program customized based on the needs of the advisor, or answer ad-hoc regulatory compliance concerns. The advisor will be able to schedule consulting calls with the advisor’s primary point of contact as needed throughout the year based on the number of consulting hours provided in the chosen tier.
Gold Package
$600/MO
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Virtual Consulting Calls
Eight (8) hours of virtual consulting per year (hours reset annually on the advisor’s Effective Date). Hours can be used when and how it makes the most sense for the advisor throughout the year.
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Ad Hoc Consulting Support
Three (3) hours of additional consulting time each year to assist with changes to the advisor Form ADV, internal compliance documents, conducting marketing and advertising reviews, or assistance with the registration of the firm and/or IARs in additional states. These hours can also serve as additional virtual consulting hours.
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Annual Compliance Program Review
Up to eight (8) hours of a comprehensive review of the advisor’s compliance program, which includes a detailed interview with the firm’s CCO to analyze the CCO’s supervisory activities, a review of the firm’s compliance documents, and a detailed list of findings that highlight any compliance weaknesses or risks. The comprehensive review will also include recommendations and corrective actions to be taken to assist with the enhancement of the advisor’s compliance program;
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Unlimited Email Support
Access to a dedicated team of experienced compliance professionals by email in between consulting calls.
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On-Demand Regulatory Exam Support
Two (2) hours of consulting support to assist with preparing for a regulatory exam and resolving regulatory findings following the exam.
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Discounted Hourly Consulting Rate
A discounted rate of $250/hr for any additional hours needed.
Silver Package
$350/MO
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Virtual Consulting Calls
Six (6) hours of virtual consulting per year (hours reset annually on the advisor’s Effective Date). Hours can be used when and how it makes the most sense for the advisor throughout the year.
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Ad Hoc Consulting Support
Three (3) hours of additional consulting time each year to assist with changes to the advisor Form ADV, internal compliance documents, conducting marketing and advertising reviews, or assistance with the registration of the firm and/or IARs in additional states. These hours can also serve as additional virtual consulting hours.
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Unlimited Email Support
Access to a dedicated team of experienced compliance professionals by email in between consulting calls.
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On-Demand Regulatory Exam Support
Two (2) hours of consulting support to assist with preparing for a regulatory exam and resolving regulatory findings following the exam.
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Discounted Hourly Consulting Rate
A discounted rate of $250/hr for any additional hours needed.
Bronze Package
$250/MO
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Virtual Consulting Calls
Four (4) hours of virtual consulting per year (hours reset annually on the advisor’s Effective Date). Hours can be used when and how it makes the most sense for the advisor throughout the year.
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ADV Update Review and Filing (1)
One (1) hour of additional consulting time each year to assist with changes to the Adviser’s Form ADV and Client Agreements. Typically used in conjunction with the Adviser’s Annual ADV Update filing but can be used for other-than-annual amendments throughout the year if needed.
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Additional State Registration (1)
One (1) additional state registration per year (Additional registration requests billed at a fixed fee of $450 per state).
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Unlimited Email Support
Access to a dedicated team of experienced compliance professionals by email in between consulting calls.
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On-Demand Regulatory Exam Support
Two (2) hours of consulting support to assist with preparing for a regulatory exam and resolving regulatory findings following the exam.
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Discounted Hourly Consulting Rate
A discounted rate of $250/hr for any additional hours needed.
| Gold ($600/month) | Silver ($350/month) | Bronze ($250/month) | |
|---|---|---|---|
| Virtual Consulting Calls | 8 Hours Annually | 6 Hours Annually | 4 Hours Annually |
| Ad Hoc Consulting Support | 3 Hours Annually | 3 Hours Annually | |
| Annual Compliance Program Review | ✔ | ||
| Unlimited Email Access | ✔ | ✔ | ✔ |
| On-Demand Regulatory Exam Support (2 Hours Annually) | ✔ | ✔ | ✔ |
| Discounted Hourly Consulting Rate | ✔ | ✔ | ✔ |
| ADV Update Review and Filing | ✔ | ✔ | 1 Annually (no rollover)* |
| Additional State Registration | ✔ | ✔ | 1 Annually (no rollover) |
*Additional State Registration requests billed at $450 per state.
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!
