Good article in Institutional Investor regarding upcoming changes to form ADV. Among the salient points are that RIAs need to take stock of their reporting tech and also modify their systems to capture information in a way they haven’t captured before and also that compliance requests will probably involve third parties like custodians and market data providers. Instead of relying on third parties which are limited by their own technology infrastructures that are often silo-based and closed, RIAs should think about aggregating data in one place so that information is easily accessed and available. By putting these types of systems in place, RIAs stand to gain a competitive advantage and significantly reduce the expenditure of time and resources.
