Registered Investment Advisors

Assurance needs such as surprise exams aren’t really a surprise, and they should not distract you from serving your clients.

A lone man standing in front of a wall depicting a lighted line and bar graph of data.

Registered Investment Advisors

Assurance needs such as surprise exams aren’t really a surprise, and they should not distract you from serving your clients.

Registered Investment Advisors (RIAs) are closely monitored by the Securities and Exchange Commission as custodians of client investments. While your firm looks out for the interests of your clients, you should be able to rely on advisors who understand your industry and its regulatory environment. That includes your chosen CPA firm.

Whether it is your first surprise custody examination or your 25th, the process should be efficient and add value. Besides satisfying compliance, insights from your audit can also help you improve internal controls.

There are alternative ways of approaching examinations and the audit; we talk about what’s possible to meet their needs.

- Stephen Candelario, CPA, Shareholder

After more than 30 years of delivering assurance and advisory services to RIAs, we have accumulated knowledge that helps RIAs manage their requirements…and succeed. For example, we can help RIAs understand if they have “custody” of certain clients. We stay informed on new SEC risk alerts for investment managers and how they may impact your business.

Some of our services include the following:

    • Agreed upon procedures
    • Business consulting
    • Cash flow analysis
    • Entity and fund audits
    • Tax planning and returns (entity and partners)

Rather than giving you a yes or no answer for your questions, we act in an advisory role to make sure that you have all the information you need to grow your AUM and sustain long-term client relationships. Based on that trusted relationship, RIA clients often refer their clients to Walter Shuffain for tax and business consulting. Ask us about ways to make your surprise exam more efficient and informative.

Articles of Interest

Inflation Reduction Act

Business Tax Implications of the Inflation Reduction Act (IRA)

The House of Representatives passed The Inflation Reduction Act (IRA) Friday, August 12, and President Joe Biden signed into law…
Vacation Homes

Vacation Homes & Your Taxes

Do you own a vacation home? If so, you may be able to deduct a number of expenses on your…

Tax-Free Capital Gains: Understanding the Qualified Small Business Stock Gain Exclusion

Many high-net-worth individuals are unaware of an incredibly valuable tax incentive: Section 1202 of the Internal Revenue Code, also known…