Regulatory & Risk Assessment Reviews


Be prepared.

Managing risk is not limited to your client's portfolios. A compliance program that is effectively designed and implemented requires periodic review and refinement. The SEC has continued to step up the review of newer investment advisors as well as sweep exams on specific regulatory or business topics. An effective tool for evaluating your firm's compliance program and to get ahead of the regulatory curve is to conduct a risk assessment review or Mock SEC Examination.

MainStay's industry professionals will determine whether or not there are any problematic areas within your advisory firm. Our professionals will conduct an examination that is comparable to the experience you will encounter from an SEC exam. We provide our clients with candid feedback that includes real world examples and practical, actionable advice. Depending on the needs and resources of your firm, we can provide a roadmap to correcting or enhancing your program or we can develop the appropriate solutions.

Some of the common deficiencies we encounter during our reviews include:

  • Outdated or insufficient Policies and Procedures
  • Undisclosed Conflicts of Interest
  • Inaccurate Form ADV or disclosures
  • Insufficient Books and Records processes
  • Privacy and Security issues
  • Undocumented Compliance Programs
  • Late or missed annual reviews
  • Insufficient Due Diligence processes
  • Trading practices inconsistent with investment policies
  • Misleading client agreements
  • Undocumented or untested Business Continuity Plans

MainStay has developed its proprietary assessment methodology over many years and countless advisor reviews. Our reviews are customized to your firms business practices to ensure a targeted and cost effective assessment. We continually update our toolset, so you don't have to build your own.

To learn more about an independent assessment of your 206(4)-7 compliance program, or to schedule a Mock SEC examination, please Contact Us.