: As a fiduciary, you must appoint a Chief Compliance Officer (often yourself in a solo firm) and maintain a written compliance manual and code of ethics. 4. Transitioning and Launching
Before filing any legal paperwork, you must define the core identity of your practice. : As a fiduciary, you must appoint a
: You must file this multi-part document via the IARD system . Part 1 provides structured data about your firm, while Part 2 (the "Brochure") describes your services and fees in plain English. 3. Operational Infrastructure : As a fiduciary
: Required for firms with over $100 million in AUM. : As a fiduciary, you must appoint a
: Prepare account transfer paperwork and over-communicate with clients to explain how their assets will be protected at the new custodian.