As registered investment adviser (RIA) firms become increasingly reliant on third-party vendors to manage internal operations, it is critical that firms are conducting thorough due-diligence during the selection process. Not only does this address a key regulatory focus area, but mitigates the risk of exposing your firm’s non-public information (NPI).
To help your firm get started, we created this complimentary checklist outlining 10 steps to take when selecting a third-party vendor.