SOURCE: RIA In A Box

RIA In A Box

February 22, 2010 14:36 ET

Lexington Compliance Launches Alignment With NAPFA to Provide On-Going Compliance Services at Discounted Prices

NEW YORK, NY--(Marketwire - February 22, 2010) - Lexington Compliance, a company focused on supporting post-registration RIAs with management and review of the growing range of compliance requirements, today announces it will offer its services at exclusive discount pricing for RIAs who are NAPFA members. 

Lexington Compliance offers several levels of compliance services, depending on an RIA's particular needs, ranging from 7-day-a-week email support for compliance questions to document compliance review all the way to providing a dedicated compliance expert assigned to a firm. The company also provides mock audits to help prepare for state and SEC audits.

"Lexington Compliance delivers simply the best ongoing compliance oversight for RIAs and we are thrilled to offer NAPFA members special discounts to use our services. With the new scrutiny in this field in our post-Madoff environment, compliance is ever more difficult and our services can provide RIAs with all the understanding they need so they don't have to worry," said Zachary Gronich, CEO, Lexington Compliance.

Compliance services provided by Lexington Compliance for established RIA include:

  • For firms that need a compliance expert on-call, Lexington will provide 7-day-a-week email support from one of the Lexington compliance experts. Most questions are answered immediately; all questions answered within 24 hours. This service level includes access to an online compliance forum where RIAs can read the latest rule and regulation proposals for the investment adviser world and determine how they will impact a practice.
  • Reminders for annual compliance requirements.
  • For firms needing more comprehensive compliance oversight, Lexington Compliance provides all previously noted services plus providing proactive, dedicated compliance expert assigned to each RIA firm. The expert will work directly with an RIA's in-house compliance officer to ensure total compliance.
  • Special services available include compliance review services for ads, website, business cards, seminars, and letterhead, plus compliance support for advisory documents.
  • Services for large firms include on-site compliance reviews conducted every six months by the Director of Compliance, starting with an initial on-site compliance review to make sure firms are doing everything possible to stay compliant from the inception of the relationship. The compliance expert also checks in frequently to make sure each firm is on top of new rules, regulations and changes to flag possible compliance issues.

Lexington Compliance also provides on-site mock audit services for RIAs to help ensure all books, records, files, folders, policies, procedures, documents, and advisory activities are in compliance. This service mimics audits currently done by the SEC or the state and helps RIAs anticipate and prepare for any potential issues that may arise. 

Lexington Compliance is based in Manhattan with a second office in Houston. 

About Lexington Compliance

Lexington Compliance, a company focused exclusively on providing compliance advice and oversight to established RIAs, is a sister firm to RIA In A Box. RIA In A Box and Lexington Compliance founder Zachary Gronich, CPA/PFS, has helped over 800 advisory firms get registered quickly and correctly the first time. Both firms work with all 50 states, DC, and the SEC. The firm is based in Manhattan with an additional office in Houston. For more information, visit http://lexcompliance.com or call (877) 232-9004.

Contact Information

  • Contact:
    Erica Zeidenberg
    Hot Tomato Marketing
    925-631-0553