How does a registered investment advisor (RIA) store client files in compliance with regulations?

Registered investment advisors (RIAs) are subject to SEC or state regulatory record-keeping requirements that specify what records must be kept and for how long. Client account records, trade confirmations, financial plans, investment policy statements, and Form ADV documents must be retained for 5+ years (certain records for 10 years). Physical records must be stored in a secure, accessible manner — locking filing cabinets in a secure office are appropriate for an RIA's physical records. Electronic records are acceptable if maintained in a non-alterable format with appropriate backup. For an exam by the SEC or state regulator, your records must be produced promptly — disorganized filing is itself a compliance finding. FindOfficeFurniture.com — call 888-719-4960.