Annual Compliance Review

Registered Investment Advisor ReviewUnder SEC Rule 206(4)-7, Registered Investment Advisors are required, at least annually, to review their compliance policies and procedures and assess their effectiveness. Oyster provides comprehensive compliance program reviews conducted by consultants who have sat in your seat, facing the same obstacles and regulatory scrutiny.

Included in the Oyster review are:

  • Books and Records
  • Business Continuity Plan/Disaster Recovery
  • Code of Ethics – Employee Personal Trading
  • Compliance Program
  • Review and Gap Analysis of Policies and Procedures
  • Information Security and Customer Privacy
  • Investment Management Process
  • Marketing and Advertising
  • Regulatory filings and disclosures, including Form ADV1 and ADV2 filings
  • Safeguarding client assets
  • Custody
  • Sales practices – use of solicitors
  • Trading practices
  • Valuation
  • Supervisory practices

The Oyster Difference

Oyster will not only provide your firm with a written report of problem areas but will also identify best practices. When appropriate, we will work in conjunction with your in-house or outside counsel to maintain attorney client–privilege. Our consultants minimize surprises and will discuss the initial findings with you before issuing a final report. Should your firm need any improvements, Oyster can help you facilitate those changes through support staffing or by taking on the initiative entirely.