For investment advisory firms, keeping up with compliance regulations can be complex and time-consuming. However, failure to comply can result in significant penalties and reputational damage. Filing your Form 13F is likely just one of the complex requirements which your team must meet.
But don’t worry – we can help! Here is everything you need to know about 13F filings.
What is a Form 13F filing?
This is a quarterly report filed by institutional investment managers with at least $100 million in assets under management. The form discloses the manager’s equity holdings. This requirement is unique to investment adviser compliance, and the Securities and Exchange Commission (SEC) uses the information on Form 13F to monitor institutional investment activity and identify potential market abuses. This requirement applies to investment managers, including registered investment advisers (RIAs).
In complying with this requirement, you’re playing your part in keeping the market safe!
What your RIA firm needs to know about Form 13F filings
Historically, Form 13F filings were submitted on paper, but the SEC approved an electronic filing amendment which will require investment advisers, institutional investors and others who submit such forms to the SEC to do so electronically.
In light of these changes, RIAs must update their processes and implement solutions which can help them meet the new electronic filing requirements. This is where RIA in a Box’s MyRIACompliance platform and its integration with Advyzon can be especially helpful.
On Mar. 15, 2023, COMPLY announced points of integration between RIA in a Box’s MyRIACompliance and the Advyzon platform: 13F Filing, Compliance Calendar and Employee Trade Monitoring.
Prior to the integration, firms were tasked with relaying data points between the two platforms to complete key compliance tasks related to 13F form filing. Now, users of both platforms can automatically populate firm holdings and file a 13F Form, eliminating manual intervention and minimizing room for human error.
With the SEC making continued strides toward modernizing their form filings, now is the time for firms to update their processes and implement solutions which can help them meet the new requirements – and automation might be the best way to do it.
Integrations like these not only help firms improve their efficiency but empower them to focus their energy on higher value tasks.
RIA in a Box’s MyRIACompliance platform, along with its integration with Advyzon, can help RIA firms meet these new requirements and enhance their overall compliance program.
Do you think RIA in a Box could be your partner in investment adviser compliance? Schedule a demo today!