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Mike Alsoraimi is the Co-Chief Compliance Officer for Kingswood Group U.S., An SEC-registered RIA and a FINRA-licensed broker/dealer that offers comprehensive wealth management and business-building services designed specifically for the independent financial advisor
In today’s episode, Doug and Mike talk about the complexity of managing compliance across Kingswood’s two Broker-Dealers and two RIAs. They also discuss
- The current state of compliance in the financial services industry
- Whether it’s getting tougher or easier to “get things through compliance”
- Why it is important to automate the compliance process
- Reg BI – who it affects, and who it helps
- What regulators are looking for
- What regulators mean by “active effort”
- How advisors can communicate with their clients about regulation and how it exists to protect the investor
Related: Building Advisor Businesses Through Partnership with Val Peters Rayevskiy