Frequently Asked Questions

The process of setting up a RIA can take approximately 8 weeks, though this timeline can vary depending on state-specific requirements. Here is a sample timeline outlining the steps involved:

1. Week 1: Discuss firm details, conflicts, services, fees, and other components of ADV Part 2A.
2. Week 2: Initial review call with the RIA, obtain IARD entitlements, and draft ADV documents. The firm should fund registration fees (state and IARs).
3. Week 3: Address questions and clarify ADV Part 2A language and Part 1 information with the RIA after the initial review.
4. Weeks 3-8: Finalize documents with the firm, host weekly calls on compliance manual tailoring, risk analysis, calendar tasks, and resource library.
5. Week 4: File SEC/States application on IARD. SEC registration approval typically takes about 30 days, while state approvals can vary from 4 to 8 weeks.
6. Week 8 and beyond: Approval of the RIA and onboarding of clients.

This timeline provides a general framework for the RIA registration process, but actual durations may vary.

We provide comprehensive compliance consulting services including regulatory filings, policy development, compliance audits, and training programs.

Our services are ideal for Independent Registered Investment Advisors or those looking for assistance in going independent and are seeking to ensure compliance with regulatory requirements and outsource operational services.

We take a personalized approach, working closely with your team to develop tailored compliance solutions that fit your specific needs and regulatory environment.

We stay current with all regulatory changes and provide regular updates and guidance to ensure your firm remains compliant with new regulations.

We believe that having an in-house compliance officer who knows the ins and outs of your company is crucial. The SEC believes that active engagement in your compliance program is essential in any firm. True West does offer outsourced operational compliance support for completing compliance tasks such as email and trade blotter review.

You can contact us via our website, email, or phone to schedule an initial consultation. We’ll discuss your needs and how we can help.

Our personalized approach, industry expertise, and commitment to client success set us apart. We work as an extension of your team, ensuring seamless compliance management.

Yes, we offer comprehensive compliance training programs tailored to your firm’s specific needs and regulatory requirements.

It’s recommended to review and update your compliance policies annually, or whenever there are significant regulatory changes or updates in your business operations.

Our pricing is tailored to the scope and scale of your needs. Contact us for a detailed quote based on your specific requirements.

Compliance is crucial to avoid legal penalties, safeguard your company’s reputation, and ensure operational efficiency. It helps maintain trust with clients, stakeholders, and regulatory bodies.

Companies ensure compliance by developing and implementing policies and procedures, conducting regular audits, training employees, and staying updated with regulatory changes.

Key components include a written code of conduct, policies and procedures, training and education, monitoring and auditing, enforcement and discipline, and response and prevention.