CYBERSECURITY As an Investment Advisor or Financial Advisor your responsibility is to educate the public about investment options, financial planning and investment strategies. As a Real Estate Investment Advisor you are responsible for helping our clients obtain the best deals in residential real estate, commercial real estate, the alternative investment industry, the mobile home industry and other investment activities. As part of your RIA compliant investment adviser training for client compliance, you'll learn how to meet state and federal investment guidelines, as well as how to maintain records that comply with state and federal securities laws.

RESPA Compliance Training In order to be an RIA registered investment advisers your firm must have a written investment adviser compliance policy. This policy outlines in black and white detail the duties and responsibilities of your firm and the different areas where your firm may have a role (e.g., investment advice, investment management, client referral programs and ongoing education and protection). In order for a firm to be in full compliance with their own written investment adviser policy, it must be implemented by all firm officers and managers. Onceria compliance consultant 've completed the course work required to become an RIA, you must take continuing education and certification courses to keep up with the changing rules and regulations so you can continue to be compliant.

Sample Contracts Employment Agreements The most important component of becoming an RIA is the signed documents. These documents are used as the basis for any legal disputes with your client or other third parties, as well as in order to establish your firm's fiduciary relationship. Many states require that you implement and maintain written contracts and employment agreements in order to maintain registration as an RIA. While the exact language of the contract may vary from state to state, the general outline of the basic sections generally remains the same. In addition to sample contracts and employment agreements, your firm should also take the time to develop a series of mock regulatory requirements to help you stay on track.

Continuing Education Units You will also need to participate in ongoing RIA compliance training to ensure your firm remains in compliance with the rules and regulations. In particular, continuing education units will teach you how to: comply with the state tests; prepare your employees; hire and retain quality employees; and monitor the performance and productivity of all employees. When choosing a provider for your compliance training needs, it is a good idea to make sure that they offer continuing education training for all of their professionals, not just the compliance specialists. Another way to gauge this is to ask them for recommendations for local training seminars or boot camps. The more your firm has in-house compliance training, the easier it will be for it to stay compliant with state and federal laws.

Other Areas to Focus on Aside from the written contract and continuing education requirement, you may also want to pay attention to the areas of business ethics and risk management that are covered by your RIA Registration. These are especially important topics for investment advisers because they typically deal with financial investments for their clients. Although they are not required to participate in RIA Compliance Training, many investment advisers do feel it is helpful to learn these topics because they can use them to help their clients make the right choices in terms of investments. When you're considering whether it is worthwhile for your firm to participate in RIA registration, you should consider these key points: