When it comes to compliance, does size matter? Not so much, according to an analysis comparing RIA firms of different sizes.

A recent report by the NASAA analyzed deficiencies found during examinations at larger RIAs that had switched to state oversight from the SEC in response to the Dodd-Frank Act, and compared them with those at (smaller) existing state RIAs. The key takeaway: RIAs with significantly higher AUM commit the same compliance mistakes as firms managing much less money.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access