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.
Click here to view RIA Registration Package
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.
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“It’s important that you look at your legal provider and who it is you have invested in to protect your business, so there are a few things you should be asking your lawyer. First, do they know what the heck you’re doing? Do they know the services you provide? The fees you’re charging? Do they understand securities? One of the problems I see when there is a legal action or when there’s an enforcement action, is that so many of you are going to attorneys that have ZERO securities experience! You’re going to, God forbid, a general practitioner!! That’s not the kind of lawyer you want, you want a securities attorney! You want them to understand your business.“
— Leila Shaver Founder
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