RIA In A Box

May 17, 2011 08:00 ET

RIA In A Box Launches Last-Minute Audit Prep Service so RIAs Can Be Ready When Auditors Arrive

NEW YORK, NY--(Marketwire - May 17, 2011) - RIA In A Box (, a consulting business aimed exclusively at efficient creation of registered investment advisory firms, is launching a service to provide peace-of-mind to RIAs that receive a call from SEC or state auditors announcing an audit is imminent. These calls -- and the audits -- can be very nerve-wracking and the preparation can be time consuming. RIA In a Box's new Last-Minute Audit Prep service provides support and information to efficiently and correctly prepare for an impending visit.

The service provides a live phone session with an ex-state regulator/auditor to address compliance questions and to brief the RIA on what to expect during the audit. In addition, RIA In A Box will sample client files and will review the firm's compliance officer training, ADVs, a sampling of company agreements, policies manual and company advertising to check that all is in order and to highlight areas that could be improved.

"This service will give RIAs facing an audit some security and assurance so they can be ready for what is coming," said Zachary Gronich, CEO, RIA In A Box. "Audits can be very stressful and though an RIA may have everything in order, when that call comes in announcing an audit, everyone gets nervous. This last-minute prep service will help give you answers to the questions that might otherwise keep you up all night worrying."

All RIAs are subject to audits, whether registered to the state or SEC, however the amount of notice provided prior to the audit depends on the state. "Some jurisdictions actually give no notice," said Mr. Gronich.

RIA In A Box, through its Lexington Compliance brand, also offers full mock-audit services which mimic the audit process and helps RIAs nurture and maintain a culture of compliance. The new Audit Preparation service, on the other hand, is designed to help RIAs prepare for what an auditor will be looking for in just a few days' time.

"We find that walking an RIA through the process, checking on the basic documents and answering every question that comes up is very effective in reducing stress and anxiety before the auditor walks in the door. Our Audit preparation services are designed to ensure a smoother, more efficient audit process, and reduce the likelihood of any surprises during the audit," said Steven Thomas, RIA In A Box compliance director.

The new last-minute prep service costs $1495. For more information visit

About RIA In A Box and Lexington Compliance

RIA In A Box is a consulting business aimed at registration and ongoing compliance for registered investment advisory firms at both the state and SEC levels. Since its founding by Zachary Gronich, PFS, in 2005, RIA IN A BOX has helped over 1100 advisory firms get registered quickly and correctly the first time. For more information, visit Lexington Compliance is the compliance and oversight brand of RIA In A Box, providing advice and guidance to established RIAs registered in all 50 states, Washington, D.C., and with the SEC. For more information, visit

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