As regulatory demands for Registered Investment Advisers (RIAs) continue to grow, maintaining compliance can strain resources, especially for smaller firms. Join senior compliance analysts Dave Reichert and Janet Messer from AdvisorLaw for a review of the benefits and strategies of engaging outsourced Chief Compliance Officer services (CCO), a practical solution that provides expertise while allowing advisors to focus on core business.
Dave and Janet will review the role of a CCO, which includes developing and enforcing policies that align with regulations, conducting regular audits, and ensuring staff compliance with evolving requirements. They will also cover how outsourced CCOs handle key responsibilities, such as SEC and FINRA compliance, anti-money laundering (AML) and Know Your Customer (KYC) requirements, and state-specific mandates.
Through real-world case studies, Dave and Janet showcase how outsourced CCOs streamline compliance, address regulatory complexities, and help firms avoid costly penalties. This session will also provide insights on evaluating potential CCO providers and essential questions to ask, ensuring the CCO has the authority and experience required to maintain compliance effectively.
