ABOUT this webinar
Topic: Conducting Your RIA Firm’s Annual Compliance Review
Description: Under Rule 206(4)-7 of the Investment Advisers Act of 1940, RIA firms are required to conduct an annual compliance review including the adequacy and effectiveness of the firm’s policies and procedures. We often find that RIA firms run into preventable compliance issues by failing to thoroughly perform and document the completion of the mandatory annual compliance program review. Join Chad Hartwick, Compliance Director at RIA in a Box for an overview on conducting your firm’s annual review. Topics to be discussed include:

• Conducting a risk assessment
• Advisory document review
• Policies and procedures manual review
• Holding a firm-wide annual compliance meeting

Register now for this webinar on November 9 at 10 am Pacific.

RIA in a Box’s 2021 technology survey results were posted yesterday, and Redtail CRM had a very strong showing in what RIA in a Box deems the “most popular technology solution” category. As they also note, “Each standard Redtail database subscription package includes up to 15 users for the same all-in cost,” noting that other popular vendors price their databases on a per-user basis. You can learn more here about how Redtail’s pricing differentiates us from our competitors (along with nine other reasons Redtail may be the solution you’ve been looking for).

We are always thrilled to be recognized as a leader in this industry and humbled by the trust Redtail subscribers place in us; our efforts will continue to try to reward that trust with solutions that improve your day-to-day business operations.

ABOUT this webinar
Topic: Best Practices for Managing Cybersecurity Risk with RIA in a Box

Description: Cybersecurity should be a top priority for all investment firms as, for most, there is no greater risk to the business than the potential theft or exploitation of client sensitive information. This webinar will review cybersecurity fundamentals and best practices to maintain.

Register now for this webinar on May 18 at 11:00 am Pacific.

Nicole Casperson published a piece yesterday at InvestmentNews looking at some of the ways technology providers are deploying tools to help advisors brace for the new regulatory requirements as a result of Reg BI.

Along with representatives from Broadridge, InvestorCom, Morningstar, RIA in a Box, and Riskalyze, Redtail’s Director of Sales David Mehlhorn shared information about what Redtail has put in place to assist advisors with Reg BI compliance. You can read the full InvestmentNews piece here.

On June 5 we announced our joint promotion with RIA in a Box, Riskalyze, and Morningstar to extend support to new registered investment advisors (RIAs) during COVID-19.

At the same time we let you know about “The Path to Independence: How to Build Your Technology Stack” webinar, where executives from each of the companies involved in the promotion were going to be present to discuss the challenges and the rewards of starting an RIA firm, as well as how to build your technology stack to support your efforts. If you missed the webinar, you can read Jeff Berman’s recap of the event at ThinkAdvisor here.

Yesterday, RIA in a Box posted results from their annual survey in regard to the CRM Category. Per their post, “As seen in recent years, Redtail is by far the dominant leader in the RIA CRM technology category.”

The post goes on to say:

It should be noted that most leading RIA CRM software providers, including Salesforce, Wealthbox, Microsoft Dynamics, Junxure, and others, price their solutions on a per user basis. The most notable exception to this pricing model is Redtail which prices on a per database model. Each standard Redtail database subscription package includes up to 15 users for the same all-in cost.

We are always thrilled to be recognized as a leader in this industry and humbled by the trust Redtail subscribers place in us; pricing our solutions per database rather than per user is but one of the ways we try to reward that trust.

We are driven to provide advisors with new and better solutions to meet their everyday challenges, a passion this type of recognition only fuels further!

RIA in a Box, Redtail, Riskalyze, and Morningstar offer support for newly registered RIAs

We are excited to announce that we have teamed up with our friends at RIA in a Box, Riskalyze, and Morningstar to extend support to new registered investment advisors (RIAs) during COVID-19. Per the RIA in a Box press release earlier this week:

RIA in a Box, a leading provider of compliance, cybersecurity, and registration software and services solutions for the wealth management industry, today announced it has joined forces with industry leaders Morningstar, Redtail Technology (Redtail), and Riskalyze to help new registered investment advisors (RIAs) work remotely and more efficiently in the wake of COVID-19. The Path to Independence Promotion will allow advisors that partner with RIA in a Box to register a new RIA firm to use industry-leading cloud-based technology from the supporting firms, free of charge, based on their unique business needs through December 2020.

As a part of the Path to Independence Promotion, participating advisors will be offered complimentary access through the end of 2020 to:

• Morningstar Office Cloud
• Redtail CRM
• Riskalyze Elite

You can learn more about the promotion from RIA in a Box here. Additionally, you might be interested in joining “The Path to Independence: How to Build Your Technology Stack” webinar today at 1:30 PM EDT for more info.

Compliance software leader unites financial services powerhouses to support advisors during COVID-19 through The Path to Independence Promotion

CLEVELAND, June 2, 2020/(original press release here) — RIA in a Box, a leading provider of compliance, cybersecurity, and registration software and services solutions for the wealth management industry, today announced it has joined forces with industry leaders Morningstar, Redtail Technology (Redtail), and Riskalyze to help new registered investment advisors (RIAs) work remotely and more efficiently in the wake of COVID-19. The Path to Independence Promotion will allow advisors that partner with RIA in a Box to register a new RIA firm to use industry-leading cloud-based technology from the supporting firms, free of charge, based on their unique business needs through December 2020.

As the RIA industry adapts to the new remote work environment, RIA in a Box recognizes the important role technology plays in helping RIAs service their clients efficiently and effectively, especially during a firm’s genesis. Upon registering with RIA in a Box, new advisors will secure complimentary access to the  proprietary MyRIACompliance cybersecurity platform. The cybersecurity platform empowers RIAs to efficiently construct, implement, and document a robust cybersecurity compliance program with a single solution.  In addition, registrants will also have the opportunity to secure contracts with Morningstar, Redtail, or Riskalyze for complimentary access through the end of 2020 to:

• Morningstar Office Cloud:
  Morningstar Office Cloud is an award-winning portfolio management software that combines industry-leading performance reporting, billing, and rebalancing with Morningstar’s robust investment research and security databases. Advisors can connect with clients via an interactive portal, automate tasks, assess risk, aggregate custodial accounts, and track client holdings, dividends, and returns, and more. These tools, among others, provide advisors with a seamless experience, enabling them to work efficiently wherever they are.
• Redtail CRM:
  Redtail’s Client Relationship Management (CRM) offers advisors the tools they need to strengthen client relationships, improve team collaboration, and work more efficiently. Redtail aids advisors in increasing revenue and profitability, decreasing client attrition, and supporting business-building activities. Some of the features include Workflow, Integrations, Reporting, Calendar, Notes, Seminars, Opportunities, Retriever Cloud, and Redtail’s mobile app.
• Riskalyze Elite:
  Through this platform, advisors have access to powerful client engagement tools that set useful expectations and help to empower fearless investing. Some of the tools that advisors will have access to include Next-Gen Risk Assessment, Portfolio Risk, Retirement Maps, Stress Tests, Scenarios, The Risk/Reward Heatmap, Meetings, Check-Ins, and the Lead Generation Questionnaire. In addition to these tools, advisors will be able to access analysis tools such as Detailed Portfolio Stats and Individual Security Analysis.

“We are seeing record levels of advisors exploring how to start an RIA firm. This initiative will help ensure COVID-19 does not stand in the way of any advisor seeking full independence to better serve their clients,” said RIA in a Box president GJ King. “With this announcement, RIA in a Box’s mission is to give new RIAs the ability to leverage technology solutions so they can provide their clients with the best possible experience, virtually. We are thrilled to join forces with fellow industry leaders Morningstar, Redtail, and Riskalyze to support advisors with 24/7 remote access, no matter their location.”

To coincide with the kick-off of The Path to Independence Promotion, King will host a webinar on how to start an RIA on June 5 at 1:30 pm ET. Joined by Morningstar’s head of independent advisor software James Carney, Redtail’s CEO Brian McLaughlin and Riskalyze’s CEO Aaron Klein, the executives will offer tips and considerations for advisors who are looking to start their own firm, including how to leverage different technology platforms to accomplish their goals. For more information on the webinar or the promotion, please click here.

About RIA in a Box LLC

RIA in a Box is a leading provider of compliance software to the wealth management industry. Launched in 2005, RIA in a Box is led by Will Bressman and GJ King who transformed the business into the market leading SaaS-based compliance solution focused on the RIA industry. Nearly 2,000 registered investment advisors (RIAs) of varying size use the platform to increase compliance workflow efficiency and to automate regulatory requirements. For more information about RIA in a Box, please visit: www.riainabox.com.