Internal Reviews

Internal Reviews are required for both broker dealers and SEC registered investment advisers as well as some state registered advisers.  ComplianceWorks performance of these review focuses more on process rather than just documentation.  It is much more useful and productive to ask how a document was filed without information or required evidence of supervision and look at the process of completion of the document that led to the weakness.

The cost of the reviews, sometimes called mock-audits, are as follows:

SEC Advisers

$2,500

For SEC advisers that want to focus on what they do not do well or have time to perform, starting with an internal review of the entire compliance program is often quite revealing and helpful. The typical review is $2500 and may be discounted if a monthly engagement soon follows. For very large and/or complex firms the cost can be higher and will be quoted on a case by case basis. The weaknesses divulged in such a review are often a great starting point for what to assign to ComplianceWorks.

State Registered Advisers

$1,500 – $2,000

For state registered advisers that want to focus on what they do not do well or have time to perform, starting with an internal review of the entire compliance program is often quite revealing and helpful. The typical review is $1500 – $2000 and may be discounted if a monthly engagement soon follows. The weaknesses divulged in such a review are often a great starting point for what to assign to ComplianceWorks.

Broker Dealers

$3,500

For broker dealers that want to focus on what they do not do well or have time to perform, starting with an internal review of the entire compliance program is often quite revealing and helpful. The typical review is $3500 and may be discounted if a monthly engagement soon follows. For very large and/or complex firms the cost can be higher and will be quoted on a case by case basis. The weaknesses divulged in such a review are often a great starting point for what to assign to ComplianceWorks.

All Internal Reviews are done onsite at the clients office and ComplianceWorks sends a document request list in advance. Reviews for advisers are 4-6 hours over one day and broker dealer Reviews are usually 1 ½ – 2 two days in length.

A Few Words from some of our Clients

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