SEC Audit Survival Guide

The Securities and Exchange Commission announced it intends to visit all advisors who have never been examined before 2015 ends.

The SEC prefers their visits to be a “surprise”, so they typically give you only a 1-2 days to collect your documents. One of my managers received notice the Wednesday before Thanksgiving that the auditors would arrive at 8am the Monday after Thanksgiving.  He was expected to have the complete list of items ready and waiting for them.

While a complete, accurate and reconciled PortfolioCenter database is of great value during an audit, it is not a magic-bullet.  Here’s a collection of articles to help you survive for your review.

What documents to Prepare for an SEC Audit	Getting data out of PortfolioCenter	Producing a Trade Blotter
The “Santa Complaint”	Tracking dropped clients	Client Count by State
How to Justify PortfolioCenter Fee Calculations	10 Easy Steps to Protect Client Data	How to prepare PortfolioCenter
How to answer ADV Item 5F using PortfolioCenter	Why the numbers changes on my PortfolioCenter Performance Report	Why the PortfolioCenter ending value differs from the brokerage statement

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