Why understanding the Investment Advisor Act is essential to your firm's success
If you are prepared to start an investment advisor firm then you must be aware of the Investment Advisor Act which was implemented in 1940. The Investment Advisor Act states that anyone wanting to start an investment advisor firm must first register that firm with the SEC in order to be within compliance requirements. The Investment Advisor Act was created to protect the investor from shady or underhanded investment advisors who are just looking to take your hard earned money.
The Investment Advisor Act is a particularly touchy subject at the moment due to the fact that Wall Street has been overrun by greed and corruption in recent years with characters such as Bernie Madoff. Because of this bevy of corruption the SEC is cracking down on all investment advisor firms who do not take the Investment Advisor Act seriously and who do not continue to have a strong compliance program once they are registered.
The Investment Advisor Act is the first thing that you need to research if you are preparing on doing business in this super competitive industry. Once your firm is registered according to the steps outlined in the Investment Advisor Act then you can plan your entire SEC compliance program. Following the Investment Advisor Act and preparing to register with the SEC can be a lengthy and arduous process and without the right help could be a complete disaster. So what is the answer if you need to follow the guidelines outlined in the Investment Advisor Act but don’t know where to start?
The best solution for many larger firms is to outsource all of their SEC compliance needs including any requirements specified by the Investment Advisor Act. The Investment Advisor Act states that all investment advisor firms must be registered with the SEC before they can conduct business so you might as well get the job done right the first time.
But all Investment Advisor Act compliance firms were not created the same and you want to make sure to only hire the most seasoned and skilled firm to get the job done right the first time out. One of the best ways to find a seasoned and skilled Investment Advisor Act compliance firm is to find out who the big boys are using for their compliance needs. You can rest assured if they can do the job for the big wigs then they will certainly be able to handle your compliance needs.
But let’s make things even simpler. If you are ready to hire a skilled Investment Advisor Act compliance specialist who works with the big boys then all you need to do is fill out the form to the right of the page or call the number at the top of the page. Soon you will be in contact with a compliance expert who can answer any questions that you may have about the Investment Advisor Act and what steps are needed to fulfill its requirements. Once you fully understand the Investment Advisor Act you will be able to move forward with your compliance program and begin the registration process with the SEC.
