Home office compliance?

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Dec 8, 2012 3:49 pm


I will soon be establishing my own RIA and will be working form a home office initially.  What are some compliance issues with doing this?  I do have a family member living with me and was curious if this would be an issue.  Do I need to lock the door to the home office when I'm not using it?  The file cabinets will be locked, but is that enough?



Thanks in advance for any help!

Dec 20, 2012 8:31 pm

I plan to do the same within the next few months. I'm also curious as what steps to take in the RIA start up process to be in compliant while slowly transitioning into this independent platform.

Jan 5, 2013 12:39 am

Hi,

Many RIAs have a home office, and there is nothing wrong with doing so. From a compliance standpoint, there aren't any "special" or unique requirements for having a home office. Most of the compliance requirements for an RIA are related to documents, filing, and how you document activities. I am a former regulator and compliance consultant that assists advisors in establishing their own RIA by getting registered with the State and establishing a compliance program. Please visit my webiste and don't hesitate to contact me with any questions.

Regards,

Tiffany Chamberlain
Managing Director, Polaris Compliance Consulting, LLC
(888) 240-4299
www.polariscompliance.com
[email protected]