Surprise Examinations for Registered Investment Advisors

Experience and knowledge to conduct efficient, and in-depth examinations.

With the increasing exposure to risk and fraud for investors, the regulatory environment has become more complex for Registered Investment Advisors (RIAs). RIAs are increasingly required to comply with new state and federal laws designed to protect investors, such as recently approved amendments to Rule 206(4)-2 (the “Custody Rule”) under the Investment Advisors Act of 1940 by the U.S. Securities & Exchange Commission (SEC). The Custody Rule requires RIAs with “custody” of client assets to have an independent accountant conduct an annual surprise examination. The firm conducting the examination must be registered with the Public Company Accounting Oversight Board (PCAOB).

Wipfli LLP is inspected by and registered with the PCAOB. Our auditing team has the experience and knowledge to conduct efficient, in-depth surprise examinations. Our level of specialization and efficiency allows us to offer an attractive, cost-effective solution to RIAs.

Featured Thought Leader: Ron Niemaszyk

With over 25 years of experience, Ron Niemaszyk serves as an engagement partner to many of the firm’s flagship investment partnership and broker-dealer clients. In this role, he is responsible for supporting the delivery of audit and tax services as well as ensuring that clients’ goals and objectives are met.