The Massachusetts Securities Division released an Investment Adviser Survey on Friday, February 24, 2012 to obtain additional information from newer advisors and those not managing client assets.
In discussions with the Securities Division, the intent of the survey is to be proactive in making sure the Securities Division not only has an understanding of all registrants in the state, but also to aid newer filers in understanding their regulatory responsibilities.
The 4-page questionnaire inquires about the RIA's registered and non-registered persons, the services offered by the firm and how the RIA is compensated for its services.
Advisors should complete the form and provide any supplemental information in a cover letter. For instance, if your firm was a new registrant in 2011, you may not have updated your assets under management. Although you do have assets and clients, the state would still like you to complete the form and indicate this in the cover letter.
A copy of the letter is below. Please contact us at support@advisorassist.com if you have any questions on compliance and regulatory responsibilities for your firm. Advisors participating in the AdvisorAssist Compliance Advantage Program will receive specific instruction from the AdvisorAssist Team.
Sent: Friday, February 24, 2012 2:10 PM
Subject: 2012 IA Survey - response required
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