Whether you are initiating a new registration or maintaining an existing one, our registration solutions are designed to simplify the registration process.
Registration Transition
SEC-registered investment advisers with less than $90 million in assets under management are required to transition from SEC to state registration by June 28, 2012. If you are one of these advisers, you will now be subject to unfamiliar state rules and regulations concerning compliance, custody, capital requirements, advisory agreements, privacy and data security. U.S. Compliance Consultants can help guide your advisory firm through the difficult transition process with our Registration Transition solution. Our Registration Transition solution includes:
- Acting as liaison with state securities regulators
- Registration of your investment advisory firm in one or more states
- Registration of investment adviser representatives in all applicable states
- Filing all additional state-required documentation
- Withdrawal of your advisory firm from the SEC
Registration Renewal
Every year, both state and SEC-registered advisers are required to pay renewal fees and file an annual updating amendment via the Investment Adviser Registration Depository (IARD) system. Starting in 2012, advisers will also be required to file a “Summary of Material Changes” to their ADV Part 2A. Unfortunately, the IARD system can be a confusing maze of filings, payment options and unintelligible instructions. U.S. Compliance Consultants can serve as administrator for your advisory firm’s IARD account and manage all online filings and annual updates. Our Registration Renewal solution includes:
- Ongoing registration consulting
- Administration of your firm’s IARD account
- Ensuring your renewal fees are paid on time
- Updating ADV Part 1 and Part 2A (including the “Summary of Material Changes”)
- Filing the Annual Updating Amendment
- Making all required state filings
SEC “Turn-key” Registration
Registering with the Securities and Exchange Commission involves far more than just filing Form ADV Part 1 and ADV Part 2A. Prior to the effective date of a firm’s registration, an SEC-registered investment adviser is required to have a robust compliance program in place. U.S. Compliance Consultants can provide your advisory firm with a complete “turn-key” registration and compliance solution that satisfies current SEC expectations. Our SEC “Turn-Key” Registration solution includes:
Registration Element
- Setting up the IARD account
- Facilitating the payment of all registration fees
- Acting as liaison with the SEC
- Preparing and filing Form ADV, Part 1
- Preparing and filing Form ADV Part 2A (Firm Brochure)
- Preparing Form ADV Part 2B (Brochure Supplement)
- Registering investment adviser representatives
- Making all required notice filings
Compliance Element
- Completing a risk assessment
- Developing a risk management matrix
- Drafting a fully-customized compliance manual and code of ethics
- Creating a compliance calendar
- Implementing a compliance testing program
State “Turn-key” Registration
U.S. Compliance Consultants understands that most new investment advisory firms registering on the state level are on a tight budget and appreciate a quick turn-around that allows them to be up and running in the shortest time possible. Our familiarity with the state regulatory landscape ensures a smooth and efficient registration process. Flexible payment options also ensure that your new advisory business is not overwhelmed by registration and compliance costs during its formative stage. Most important of all, our “turn-key” registration solution allows your advisory firm to begin seeing clients and earning advisory fees the day your firm becomes registered. Please click here to obtain additional information on the State “Turn-Key” Registration solution for your specific state of registration.
Hedge Fund Registration
The registration of private investment funds (i.e., “hedge funds”) and the development of compliance programs to govern their operations present unique regulatory challenges. As the compliance consultant to both start-up and established hedge funds, U.S. Compliance Consultants has the expertise to guide you through the process. Our Hedge Fund Registration solution includes:
- Investment adviser registration and filings
- Customized compliance program
- Review of private placement offering documents
- Review of marketing material (including web site)