Saving investors from mutual funds
Cale Smith
Attention fellow cheapskates: RIA in a Box has announced they’ve launched a new service – Compliant Bookkeeping Services.
As per the below, they can handle just about anything a start-up Spokester might need on the Quickbooks front…all with an eye towards keeping you compliant, too. So, it’s a unique combo – for as low as $39 a month.
More in the below. And if you decide to give it a whirl, please keep me posted on how it goes, eh?
By Cale Smith
As per this summary, the threshold for RIAs that will be required to register with the SEC was raised in the recently passed Dodd-Frank Act from the current $30M in AUM to $100M, with a few exceptions.
What’s that mean for Spoke Fund® firms?
Leaving aside the potential increase in additional state registration costs, it sounds like it will shift more than 4,000 (out of around 11,500) SEC registered investment advisors to state oversight. And I suppose that either means the time between potential audits is either going to increase quite a bit…or the auditors are going to show up overworked and ornery.
Probably best to prepare for the latter, eh?