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.
Compliance for new firms
#1 – RIA Registration
You lead the way, while we support you at critical points in your firm registration process.
Includes:
- Form ADV & U4 drafting and submission
- Creation of Client Agreements, Privacy Policy, & Compliance Manual
- Templates for your Business Continuity Plan, Data Security Manual, & Code of Ethics
- Templates for additional required state documents for firm registration
- DIY guide for ADV amendment filing
- Up to two hours of 1:1 consulting and support during the regulatory review (addt’l support billed hourly)
- Weekly Compliance Drop-In hours
#2 – Enhanced RIA Registration
Our compliance experts lead the way, providing key document development and continuous support throughout your firm registration process.
- Form ADV & U4 drafting and submission
- Creation of Client Agreements, Privacy Policy, and Compliance Manual
- Creation of tailored Business Continuity Plan, Data Security Manual, & Code of Ethics
- Creation of additional required state documents for firm registration
- ADV amendment filing within 30 days of firm approval
- Unlimited 1:1 consulting and support during the regulatory review
- Weekly Compliance Drop-In hours
#3 – Complete First Year Compliance
We’ll provide you with comprehensive RIA registration service, foundational compliance program development, and ongoing implementation support during your first year of launch.
Includes all benefits and services in Enhanced RIA Registration, in addition to:
- Unlimited 1:1 consulting and support throughout your first year
- Setup and training on Smart RIA for compliance task management
- Development and implementation of compliance program
- Support with build out of compliance processes and best practices
- Audit prep support and guidance
- First additional state registration or notice filing
- First additional IAR registration
| RIA Registration $1900 Monthly payment option: $175/mo for 12 months ($2100) | Enhanced RIA Registration $2700 Monthly payment option: $250/mo for 12 months ($3000) | Complete First Year Compliance $5200 Monthly payment option: $475/mo for 12 months ($5700) | |
|---|---|---|---|
| Form ADV & U4 drafting and submission | ✓ | ✓ | ✓ |
| Client Agreements, Privacy Policy, and Compliance Manual creation | ✓ | ✓ | ✓ |
| Weekly Compliance Drop-In (group calls) | ✓ | ✓ | ✓ |
| ADV amendment filing within 30 Days of firm approval | DIY guide provided | ✓ | ✓ |
| Business Continuity Manual, Security Manual, and Code of Ethics creation | Templates provided | ✓ | ✓ |
| Creation of additional required state documents for firm registration | Templates provided | ✓ | ✓ |
| Smartria setup and training | – | – | ✓ |
| Development and implementation of compliance program | – | – | ✓ |
| Support with build out of compliance processes and best practices | – | – | ✓ |
| Audit prep support and guidance | – | – | ✓ |
| First additional state registration or notice filing (includes all necessary document submissions and consulting support during regulatory review) | – | – | ✓ |
| First additional IAR registration (includes all necessary document submissions and consulting support during regulatory review) | – | – | ✓ |
| 1:1 consulting and support (includes direct support by email and Zoom as well as indirect support in the form of research, review, response drafting, and regulatory correspondence) | Up to 2 hours during regulatory review | Up to 2 hours during regulatory review | Unlimited for 1 year |
Compliance for established firms
#1: Periodic Compliance Service Engagements
Pricing based on support needed.
- Form ADV amendment & filing support
- $425 per ADV Update Engagement
- Additional state registration support
- $800+ per state, additional hours billed at $360/hour
- Notice filing support
- $180 per notice filing with the appropriate States
- IAR registration filings & support
- $360 per IAR Registration, $180 per Form U4 Amendment
- $180 per Form U5 Filing
- Transition to SEC registration from state-registered
- $800+ includes all necessary revisions and submission of application
#2: Hourly Compliance Consulting
$360/hour
- Regulatory Examination/Audit Support
- State and SEC Mock Audits
- Mock regulatory examination to assess readiness
- Advertising & Marketing Reviews
- Review of marketing material to identify modifications
- Adhoc Compliance Questions & Projects
- 1:1 Consulting over specific compliance matters
#3: Ongoing Compliance Consulting
Consulting packages ranging from $475 / month up to $2,000 / month
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
- Unlimited email 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
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!
