You’ve put in your time with a firm, and now, you’re ready to break out on your own. You’re excited about what the future will bring, and you’re already thinking about the money you’ll make. First, though, you need to navigate the RIA (Registered Investment Advisor) registration process.
This is more time-consuming and labor-intensive than many people expect. In fact, it’s not unusual for individuals to dedicate more than 40 hours to registering the RIA and setting up the compliance program.
It can be even longer if mistakes are made during the process.
You can avoid the frustration by hiring an RIA registration lawyer. Our team can save you time and headaches while also providing extras that you won’t get if you undertake the process yourself.
When it comes to registering as a Registered Investment Adviser (RIA), the general rule is that investment advisors overseeing regulatory assets worth $100 million or more must complete registration with the Securities and Exchange Commission (SEC).
However, there are specific exceptions to this rule that apply to advisors with less than $100 million in regulatory assets under management (AUM), allowing them to register with the SEC rather than their respective state(s).
Here are some common exceptions to this rule:
Furthermore, it’s important to note that newly registered investment advisors who anticipate meeting the SEC eligibility criteria within the first 120 days from their initial registration approval can also initiate their RIA registration with the SEC.
If you require assistance with navigating these registration requirements and ensuring compliance, our lawyer website specializes in guiding you through the intricacies of RIA registration.
My RIA Lawyer provides a full range of services to help you register your RIA. Our RIA registration services include:
Empower your investment advisory journey with My RIA Lawyer’s comprehensive services. From entity incorporation and compliance support, we navigate the complexities of FINRA, SEC, and state securities regulations. Our team assists with drafting vital documents like IMAs, compliance manuals, and solicitor’s agreements, ensuring compliance with the Investment Advisers Act.
Trust us to manage the intricate registration process, allowing you to focus on delivering expert investment advice while we handle the regulatory intricacies.
Your RIA registration lawyer can help you choose a business structure. Most RIAs are LLCs. However, some choose S corps due to the tax benefits. Your attorney will discuss all of your options, as well as the benefits and drawbacks of each. After discussing the structures, you’ll be ready to choose the entity that makes the most sense for your company. Then, we will form your business and register your RIA.
Choosing a chief compliance officer (CCO) is important when registering your RIA. The CCO will keep up with regulatory changes and ensure that your firm remains in compliance. Some individuals choose to act as the CCO when first forming an RIA. However, this task is burdensome, and unless you are well-versed in regulations, you could make a costly mistake.
My RIA Lawyer provides CCO services for firms of all sizes. If you would like to help grow your business and stay in compliance, discuss these services with your RIA registration lawyer.
In order to register as an investment adviser representative, you must pass the Series 65 exam or qualify for an exemption from the testing component by holding one of six designations. Every RIA must have at least one investment adviser representative registered to conduct business. If you do not have the Series 65 or a qualifying designation, your RIA registration lawyer can provide guidance for registering for the exam. Next, you’ll need to prepare so you’ll score at least 72 percent.
Then, you can take the next step to register as an RIA for your business. While this sounds complicated, your attorney will walk you through each step of the process, ensuring that you don’t leave anything out.
Your RIA registration lawyer at My RIA Lawyer will provide additional resources to help you succeed. When you use the RIA registration services, you will receive 90 days of compliance support once your firm is registered.
You can call or email our team with questions at any time during this three-month period.
Ready to streamline your RIA registration process? Our team specializes in federal and state registration, ensuring your compliance as SEC-registered investment advisers.
Our attorneys are experienced in both federal and state registration, guiding you effortlessly through the complexities of becoming SEC-registered investment advisers. With in-depth knowledge of investment adviser registration, we ensure meticulous preparation and submission of documents, leaving you free to focus on your clients.
Contact us today to embark on a seamless registration journey.
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.
Registering for RIA involves filing Form ADV with the SEC or state securities authority. Our experts can guide you through the process.
RIA certification refers to the formal registration of a Registered Investment Advisor (RIA) with the SEC or state authority to provide investment advice professionally.
To register with the SEC, submit Form ADV electronically through the Investment Adviser Registration Depository (IARD) system, providing essential details about your firm and operations.
and help them understand what it is they actually need to be asking for.
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“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