Establishing Compliance Infrastructure for a New Adviser that Spun Out of an Established Firm

A new investment adviser spun out of a large, established firm had adopted a compliance infrastructure that did not meet SEC requirements and was too burdensome given the size of the new firm.

The Solution

Petra worked closely with the client to design an updated compliance program tailored to their actual operational model. This included a thorough annual review, drafting and implementing a customized compliance manual, reviewing prior SEC registration statements, and training key personnel on regulatory responsibilities.

Key Results

• Provided thoughtful recommendations through a comprehensive annual review of the existing compliance program.
• Developed a comprehensive compliance program aligned with the firm’s actual independent operations, while removing boilerplate procedures applicable to predecessor.
• Achieved seamless client onboarding with no disruptions to advisory services.