Notes

CFP Board Concern Services
Are you an investment adviser or a financial professional who's concerned about the future of Regulation D and the many changes impacting the financial professional business industry? Does RIA compliance consultant, CFP Board Concern, financial advisor services, FINRA U4 expungement, invesment adviser registration services to support the efforts of the CFP Board and are you worried that the changes will negatively impact your members? If so, do you feel that your organization is properly safeguarded against the changes in U.S. tax law and would you be able to provide a letter of representation on behalf of your members to the CFP Board regarding its proposed revisions to Regulation D? Is the CFP Board adequately safeguarding the interests of investment advisers and their clients? The answers to these questions might just save you from being subjected to enforcement action under Regulation D and could make or break your career in the investment adviser business.

There are many important elements of a regulated profession, such as board of directors (regulatory group) members, compensation, and of course, the professionals' code of ethics. Unfortunately, some professional organizations (particularly those of the financial industry) do not view their role as regulating the sector as necessary to protect the interests of the regulated professionals and instead choose to focus on trying to protect themselves from the ever-changing regulatory landscape. One example of this is the CFP Board. It is well known that the CFP Boards typically refuse to address the recent rule changes impacting on investment advisers with an outdated conflict of interest model. This is unfortunate because the CFP Board does not have the power and jurisdiction to effectively protect the interests of its regulated members.

You may think that you need to hire a new compliance professional to protect your interests as a Reg Druker; however, this is not usually the case. In many cases, there are numerous compliance experts already employed by your organization that can perform the role of a Reg Druker. The problem with this is that these individuals either have limited experience in Compliance, do not possess the skills needed to successfully fulfill the regulatory compliance roles, or may not possess the skills to create a successful business model to protect your interests. Therefore, relying upon a Compliance professional to protect your interests is not a sound strategy.

What should you look for when evaluating your Investment adviser? First, do your homework. Take time to understand the different Reg Dues and consider how they apply to your own unique situation. A CFO that has years of experience dealing with investment advisers, as well as a strong platform of education and professional experience with the different RegDs, can be an invaluable asset to your business; however, you will need to make sure that you are going with someone who is willing to learn new things and adapt to the ever-changing regulatory environment.

Second, ask the CFO about his/her experience working with the major players in the Investment world. The more experience an investment adviser has, the more successful he will be at being able to serve you. Ask how your Reg Dues process works and find out if there are any other areas that he/she would recommend you explore.

Last, look for a CFO that is passionate about the area of investment that you are concerned with. By having a CFO that is knowledgeable, passionate and enthusiastic about their work, you can rest assured that your needs will be taken care of. If you are already working with an Investment adviser, find out what makes them successful and ask questions regarding the areas that could use some additional depth or focus. An investment adviser may be the key to finding success for your business, but if you don't know how to hire the right one, your business could suffer. Don't put your faith and future in the hands of a consultant that doesn't truly have your best interests in mind.
My Website: https://mahadvising.com/services/investment-advisors/cfp-board-concerns/