Every day, it seems like there is news of another RIA (Registered Investment Advisor) that’s run afoul of the Investment Advisors Act of 1940. Sometimes, these violations are flagrant acts to deceive investors. More often than not, though, SEC compliance issues are mistakes.
Unfortunately, once the government brings an enforcement action against the RIA, it’s too late to correct the error and move forward without penalties that might include fines and even prison time.
My RIA Lawyer offers compliance consulting and a streamlined RIA Compliance University that helps keep you informed, educated, and up to date on regulatory changes.
RIA Compliance University covers all the topics needed to help registered investment advisers stay in compliance.
With our RIA Compliance University, you will receive access to monthly resources such as:
A paid service of $99/month will include pre-recorded video access through your Membership Portal as well as access to the private Compliance University Facebook group. The wealth of information makes it much easier to comply with the rules and regulations set by the Securities and Exchange Commission (SEC).
The monthly video training is extremely popular. These training videos cover an abundance of topics that you need to know to stay in compliance. Currently, the most popular topics include client complaints, outside business activities, IAR onboarding, terminations, silent owners, unlicensed owners, cryptocurrency, and more.
Our lawyers provide up-to-date information on topics that are the most important to RIAs. You will learn something new each month that you can use when running your business.
Be sure to take notes and share the information you have learned with your colleagues. Then you won’t have to worry about any surprises down the road.
You will also have access to an hour-long phone call every month. You can ask questions regarding information you learned in the live video training, or you can ask questions related to issues you’re dealing with currently. Along with getting answers to your questions, you’ll also hear questions from others. They are dealing with the same compliance and regulatory issues as you are, so you can learn quite a bit from the answers. Even when questions aren’t related to issues you’re facing now, you’ll often encounter them down the road. Thus, you’ll be armed with the information needed to make wise decisions.
Once you sign up for our compliance program, you’ll receive free materials each month. These include templates that you can use to ensure compliance, as well as guides and how-to videos. These free materials will build on what you’ve learned in the live video training and question-and-answer sessions. When you combine these materials with those training sessions, you’ll know what it takes to get into and stay in compliance.
We are the only virtual law firm that specializes in working with RIAs and their firms to make sure that they are compliant. Whether this is through providing education or a more hands-on approach as a contracted service.
We are compliance and law nerds who can take that mountain of work off your desk and onto ours so that you can free up your time.
Because our purpose is to help you focus on what you do best, serving your clients, while our mission is to help you navigate all the legal complexities that come with being an RIA, whether solo or part of a firm.
And our promise is that we will affirm your strengths and defend your weaknesses while providing a personalized service like no other. Find out more about our compliance and defense services.
The SEC doesn’t back down from a fight, so whether you are big or small, as an RIA, you need to make sure you are following compliance regulations.
The SEC has been handing out fines averaging around $1,000,000 in the last fiscal year from routine examinations. Watch the video above to find out exactly how this could be your business without proper compliance procedures. The average fine has more than doubled in the past three years alone! What would once be a $400k fine is now averaging $1 million.
Is that expense something your business could take right now? For most of us, those kinds of fines just aren’t an option. So what can you do instead? You could contact the company that drafted your compliance manual, but that conversation usually goes like this…
“Sorry, we aren’t lawyers.”
Yep, that’s right!
The people who produce compliance manuals aren’t here to protect you if the examiners take issue with your documents, nor are they equipped to provide you with legal advice.
You could spend hours each day researching compliance changes. But that takes you out of your business for more time than you can spare.
So you and your team end up doing overtime and getting confused because nothing is ever as straightforward as it seems.
Exam time is looming. You don’t even know what they might want to look at! What if you can’t find your client agreements? What if your compliance manual isn’t even up to date anymore?!
You’re in the right place.
With our RIA Compliance University, you can gain access to everything you need to start working on your compliance. Our Founding Attorney and resident Compliance Nerd is going to take you through a 12-week boot camp to ensure you understand the basic requirements for your compliance program. Once you are through the boot camp, she will deliver monthly lessons to teach you how to begin auditing your program and implementing policies that will make your life easier and your next regulatory exam anxiety-free!
All you need to do to register is enter your email! Get started today.
Not your daddy's law firm
We take a no-nonsense approach to solving your problems. Forget about one-size-fits-all solutions; we roll up our sleeves and craft strategies that fit your financial business like a glove. We’re not just lawyers – we’re compliance partners, financial enthusiasts, and problem solvers.
We get it – you need answers, and you need them now. That’s where we come in, offering a blend of big-firm resources with the kind of personal attention you’d expect from a smaller one.
But what really sets us apart? We’re all about your success. Compliance is just the start; we’re here to help you thrive. We know the ins and outs of the financial world, and we’re not afraid to think outside the box to help you reach your goals while playing by the rules.
Making the jump to start your own firm is a big decision. Its stressful, hard work, and you have to learn a ton. This why I decided to hire a professional team to help establish my RIA the right way the first time. My RIA Lawyer’s team is absolutely amazing. They have demonstrated expert knowledge, personable staff, and they have shown us how much they genuinely care about setting us up for success by giving us the tools we need to help others. Thank you Leila and Liz for all of your hard work!
The initial consultation was extremely valuable. I definitely recommend speaking with them. I had very custom needs, and they rose to the task!
I worked with Leila as I was getting my new RIA firm up and running. Leila provided expert legal advice as a complement to the national compliance firm who was assisting me with my registration. I was introduced to Leila after I had already begun the process and not sure how I would have made it through without her. She was an invaluable resource and I look forward to working together again in the future!
I have used My RIA Lawyer for filing my Annual Amendments in the past and was very happy with their services and professionalism. Leila Shaver is very responsive, communicative, and extremely knowledgeable. I highly recommend their services!
Leila is an expert with compliance but she also offers a wealth of knowledge as a business owner. We discussed everything including compliance, marketing, business partnerships, and more. Even though my firm is not yet at a point to work with her, she has sent me multiple emails offering assistance with the things we spoke about during our meeting.
The attorneys at MyRIALawyer are always extremely attentive, responsive and competent. We look forward to expanding our relationship, as we continue to grow.
and help them understand what it is they actually need to be asking for.
We are the answer to All Your Questions.
“In life, it’s not that we don’t have enough time; it’s that we lose so much of it. We waste time on things that can be outsourced instead of spending time on things and people we love. I’d rather pay someone to clean my house and take that time to spend with my children. Our clients are happier letting us ‘clean house’ while they work with their clients. In the end, they have more satisfaction in their businesses and they’re happier overall.”
— Leila Shaver Founder
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Director of Compliance