If You Build It, They Will Come – Be Ready For SEC Exams

So you've built your robo-adviser, registered it, hired and licensed personnel, implemented a compliance program, conducted a successful marketing campaign, and (finally) gotten to do what you've really wanted to do the whole time - advise clients and manage portfolios.  Startup woes seem a thing of the past, and your operation is running smoothly.

Then, one day, you check your email inbox and find a message from the SEC's Division of Examinations (EXAMS) saying that your firm has been "selected" for examination.  Wait, what?

Take a breath.  Our next series of posts will walk you through the exam process from start to finish, so that you can be well prepared to ace the test when the SEC inevitably draws your firm's name.