Annual Compliance Review
How We Help with your Annual Review
We understand that as the CCO of an SEC-registered investment advisor, you have a liability and heavy weight on your shoulders to meet all regulatory requirements. With our CCO Companion Annual Review service, our goal is to put you at ease so you can sleep at night. We want to ensure your compliance program gaps are filled and ongoing monitoring is completed.
Explore What Makes You Unique
At SCS, we start by LISTENING to YOU. We learn about your challenges and seek to thoroughly understand you, both as an individual and as an SEC-registered investment advisor. We ask questions to learn about the unique nature of your advisory business (whether simple or complex), the culture of your firm, and your SEC compliance pain points.
Eliminate the Noise
SEC requirements can feel overwhelming, convoluted, and difficult to conform to, but compliance does not have to be complicated.
We strive to make compliance programs for registered advisors as practical, efficient, effective, and easy as possible.
Each registered advisor is unique in size and structure, so we do not believe in a “one size fits all” approach. We customize and simplify your required compliance policies and documents so that only the necessary information remains while also keeping current with SEC regulations and industry best practices.
Ease the Overwhelm
As an extension of your compliance team, we are HANDS-ON, helping you plan, manage, and methodically document your annual compliance review.
What’s Included in the Annual Review Package?
Unlimited regulatory compliance consulting is a central element of any Core Compliance Service Package. With the Annual Review Package, you will receive:
An in-depth review of your Critical Compliance Documents
Annual Review planning, management & oversight
Regulatory Filings and amendments
A Compliance Organizer, including a Risk Assessment & Monitoring Schedule
Quarterly Sync Up with your SCS Team
Summary report(s) of documented testing
Unlimited Remote Compliance Consulting
Compliance News, Updates & Alerts for Registered Advisers
Independent Forensic Testing and Reviews, which are optional and scalable, based upon your individual needs.
Is the Annual Review Right for Your Firm?
This service is for currently registered Investment Advisers who are looking to streamline their compliance program and outsource their Annual Compliance Review.
Annual Compliance Review Case Study
Our client is a CCO for a small adviser with over $100 million in assets under management. As the founder and the CCO of the firm, he came to us because he was concerned with what he didn’t know. He did not enjoy working on compliance but understood the importance of it. He had the compliance monkey on his back, constantly worrying him and keeping him up at night about what might come back to haunt him. He was also hesitant about the additional costs and commitment to hiring a third party to assist with compliance.
He signed up for our ongoing Annual Review Services. When we started working with him, we immediately reviewed his critical compliance documents (ADV, Manuals, IMAs) to complete a GAP analysis and simplify policies and procedures. We were able to immediately add value by correcting some deficiencies within the policies and disclosures.
Not long after our relationship began, this client received notification of an examination by the SEC. We provided full support during this process by assisting with the responses, reviewing documentation, and taking part in all interviews. We also discovered a violation of the rules prior to the exam and documented the remedial action, which resulted in a satisfactory response from the SEC.
The firm did receive a deficiency letter (as most do) with some minor corrections, but this client has since become a 5-year relationship (after only wanting to try it for a year). He understands the value of hiring an expert in the field to ease the burden, ensure full compliance, and allow the firm to learn from the collective.
