For many RIA’s, compliance is a dull, non-revenue producing part of their business, often consisting of little more than an old box of legal and regulatory Band-Aids applied ineffectively and inconsistently.

Founders are the biggest offenders when it comes to poor compliance procedures. Some say they are too distracted by other, revenue-producing work. Indeed, the most common excuse I hear is this: “But I’m busy taking care of the client.” 

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