Advisors,
Please note the following deadlines for calendar based fiscal year end firms*:
ADV Amendment Filing: due by 3/31/2018
Firms | Descriptions |
State-registered
firms |
Due within
90 days of firm’s fiscal year end for most states (03/31/2018). |
SEC-registered
firms |
Due within
90 days of firm’s fiscal year end. Filing fees are also due at the time of annual amendment. (03/31/2018). |
SEC Filing Fees (Initial/Amendments): due by 3/31/2018
Fees | Firm Assets under Management (AUM) |
$225 - | Firms over $100 million in AUM |
$150 – | Firms between $25 – 100 million in AUM |
$40 – | Firm with less than $25 million in AUM |
Annual Financial Statements: Due by 03/31/2018
State-registered firms – Some states require an annual submission of balance/income sheets. Determine if your firm must also file financial statements. Generally, these are due within 90 days after the firm’s fiscal year end.
SEC-registered firms - Except for audited reports for firms with custody, advisors are not required to send financial statements (balance/income sheet, ledger) annually.
Sign
up for a version of our software for a full list of calendar dates for 2018.
Click box below or go directly to: http://RIAreview.com.
Some states that require annual submissions by registrants
States: | Details: |
California | requires financial
statements for discretionary managers and/or advisors with custody. |
New York | requires
financial statements for state registered advisors. |
Florida | requires
audited financial statements for advisors with custody and unaudited
financial statements for advisors with no custody or discretion - mail
directly to office |
Alabama | requires
audited financial statements within 60 days of firm's fiscal year
end. |
Other States | Net capital financial requirements are for firm’s home states only (location of main office). |
Login for a list of all state jurisdictions at: http://RIAreview.com.
Note: States have annual financial reporting and/or bonding requirements for firms who have constructive* custody of client assets or securities.
Compliance and Business Management
FIN Compliance (FINCompliance.io) is a
consortium of compliance services including: RIA Consults-Roberson Consults
Group, a compliance consulting firm, RIA Review, a compliance-management
software tool (SaaS), B-D Review, a RIA/Broker-Dealer compliance management
software tool, and FINLancer is a business
management portal featuring: E-signature tools; Invoicing integration,
Vendor Directory, continuity directory*, business client document portal, and
more (available by Q3 2019). Access all services
on one site: FINCompliance.io.
Impact
FIN Missions (FINmissions.com) provides business support group
sessions for other entrepreneurs. In addition, Cory has volunteered
for more than fifteen youth programs in locations such as like S. Korea, China,
S. Africa, Thailand, and India.
No comments:
Post a Comment