Common Questions
Clear answers about RIA registration, compliance, and working with SimplyRIA.
Answers to the Questions Advisors Ask Most
We’ve compiled clear, straightforward answers to help you better understand the process of launching, running, and maintaining your RIA.
Starting Your RIA
What does SimplyRIA handle during the registration process?
We manage everything from entity setup to preparing and filing your Form ADV, U4s, Form CRS, and compliance manuals. We also handle regulator communication and ensure your submission meets state or SEC requirements for approval.
How long does it take to get my RIA approved?
Approval timelines vary by state, but most firms are approved within 30–60 days once all filings are submitted. We work proactively with regulators to minimize delays and keep you updated every step of the way.
Do I need to have a custodian selected before registration?
Yes, most regulators require you to name a custodian in your filings. We’ll guide you through choosing the right custodian for your business model and assist with the setup process.
Ongoing Compliance Support
What’s included in SimplyRIA’s Ongoing Compliance services?
Our Ongoing Compliance program includes customized annual compliance calendars, document reviews, regulatory updates, and ongoing access to our compliance consultants for guidance and support.
Can I join the Ongoing Compliance program if SimplyRIA didn’t register my RIA?
Yes. We support advisors who registered independently or with another provider. We’ll review your current documents, identify any gaps, and onboard your firm into our system seamlessly.
How do you help firms prepare for audits or exams?
We help you organize and review your required records, run mock audits, and walk you through potential regulator requests so you feel confident and ready for any review.
Hourly Consulting
When should I choose hourly consulting over ongoing compliance?
Hourly consulting is best for advisors who need one-time or project-based support—such as creating a specific compliance document, filing a notice registration, or refining internal procedures.
What kinds of projects can be handled under hourly consulting?
Examples include updating or customizing compliance manuals, state notice filings, policy reviews, or preparing documentation for a targeted audit.
Advisor Launch Pad Program
What is the Advisor Launch Pad Program?
It’s a supported pathway to independence for advisors who want more control over their brand and clients without immediately taking on full registration responsibilities. You operate under SimplyRIA’s umbrella while building your own DBA and client base.
Who is the Launch Pad Program best suited for?
Advisors who want independence with compliance support, or teams that plan to launch their own RIA in the near future. It’s ideal for those seeking flexibility with a clear path to full independence.
Can I transition from the Launch Pad to my own RIA later?
Absolutely. The program is designed to make that transition smooth. We help you prepare your filings, compliance documents, and technology so you can move forward confidently when the time is right.
