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News Bites | A few facts about investment adviser compliance

August 8, 2011

This is the first edition of News Bites — an occasional column in NICSA News that collects memorable facts, quotes and insights from our recent reading.

Today we look at some of the highlights from the 2011 Investment Management Compliance Benchmarking Survey, released last month by ACA Compliance Group, the Investment Adviser Association and Old Mutual.

Here are 3 survey responses that jumped out at us:

1. Firms with more compliance personnel were more likely to uncover material compliance issues.

2. Regulatory reporting (such as Forms ADV and 13f) headed the list of hot topics. Here’s a quick view of the full list:

3. Many firms are keeping pay-to-play compliance simple. Over a quarter prohibit all or some political contributions. Over two-third require pre-clearance of some or all contributions. Required periodic reporting of contributions is less common (44%).

More survey results are available on the Investment Adviser Association website.

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