Custody

As advisory firms with custody scramble to find accountants willing to begin a surprise exam by year's end, the SEC has slapped a CPA and ...

The Sept. 12th deadline for obtaining an internal control report under the revised custody rule passed quietly, even as advisers move in various directions regarding ...

Click here to open a Word file that is a sample retention agreement between an RIA and an accounting firm to conduct a surprise exam ...

The SEC's revision of the custody rule has played a role in some custodians rethinking their rules for money transfers.Both Fidelity and Schwab are tweaking ...

The agency is adding to its frequently asked questions around the custody rule. The most significant change is an addition made to a question about ...

Last week we answered whether having a letter of authorization constitutes custody (IA Watch, Aug. 2, 2010). Keith Marks, a partner at Ascendant Compliance Management ...

You may be asking this same question if a client or trustee has granted your firm permission through an LOA to dip into his account ...

Those most recent FAQs from the SEC about its custody rule apparently haven't resolved all inquiries (IA Watch, May 31, 2010). We have come upon ...

Many firms should be happy with the responses from the SEC in the agency's latest release this month of nine new or revised SEC FAQs ...

RIAs would not be considered to have custody of client assets simply by having the written authority to transfer client assets among different qualified custodians. ...