RIAs Increase Compliance Staff, Training

Megan Leonhardt | wealthmanagement.com, July 2014

Summary: RIA firms continue to increase their investment in compliance, boosting the number of dedicated staff and overall employee training, according to a recent survey. The number of RIA firms employing six or more employees focused on compliance jumped from 16 percent to 18 percent over the past year, according to the 2014 Investment Management Compliance Testing Survey.

The survey results confirmed that members of our industry are committed to enhancing their compliance programs to address the risks self-identified through instituted risk management programs as well as the hot issues communicated by regulators."

Amy Yuter, vice president and senior compliance manager, Old Mutual Asset Management

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