If Advisors have nothing to hide, keep their books/records in order, and every piece of client documentation up to date (they're supposed to) then audits are NOTHING to fear.
Its those advisors who are careless who might be more fearful. Deficiency letters are given to the best firms, but the regulators give the advisory firm time to address and fix any deficiencies.
Cheers from NYC & team!
- Summit Professional NetworksExecutive Editor of ThinkAdvisor, 2010 - present
Ron joined ThinkAdvisor in 2010 and is its executive editor. Previously, he was a staff editor at The New York Times News Service for 18 years, editing TimesDigest, a daily digest of the paper distributed worldwide, and International Weeklies, a distilled broadsheet version of The Times included in foreign- and English-language papers across the globe.
Prior to working at The Times, he owned and operated Multi Vision Productions, a video production company in Washington, D.C., where he directed and edited a cable TV news magazine show called "Focal Point." Ron received a BS in Communications from University of Texas at Austin. He also attended University of London, studying Art, Architecture and Theater. Ron can be reached at email@example.com.
- University of Texas at AustinCommunications
- University of LondonArts, Architecture, Theater
- James Madison UniversityTV/Film