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How does RIA regulation compare B/D RR regulation?

I need to inform my cmpliance dept a month in advance before holding a seminar. Is an RIA as micro-managed? Thanks for your response.



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BD/RR Regulation - pain in the tail, regulated for the lowest common denominator, and risk averse. You can’t send out a letter advising the client of ANY tax benefits, or estate planning recommendations… they don’t want you rendering that type of wealth management advice.



RIA Regulation - Not micro-managed. Just disclose properly, and you are free to conduct your business. If you own the firm, and have a compliance person, your turnaround for compliance matters is a matter of an hour or so… certainly not a month. If you want to write a letter advising the client that they need to create a trust for their wife in order to capitalize on the unified tax credit at death, then so-be-it… write it.



We can host a seminar tomorrow, if need be.



C

Thanks Captain. 

  Purpose