There are four major recurring requirements for every RIA. Tirador works with each client on these reviews, and recommends the following schedule:
- Annual ADV Amendment – Q1: All RIAs are required to file an annual amendment by 90 days after the end of the firm’s fiscal year. Tirador helps you to ensure that the updates are accurate and timely, while minimizing the time taken away from running your firm.
- Policies & Procedures/Books & Records Review – Q2: All advisory firms are required to have written supervisory procedures (WSP) and specific books and records. Tirador's WSPs reflect your firm’s business and scale.
- Cybersecurity Review – Q3: You will have an inventory of your IT hardware, security software, and systems to assess and mitigate your cybersecurity risks.
- Business Continuity Planning – Q4: Business continuity planning addresses risks that could impact your ability to conduct business. We'll help you find them!