by Krisan Marotta | Mar 20, 2014 | Billing, KBO, SEC Audits
The ending value for an account in PortfolioCenter frequently does not match the ending value on the brokerage statement. While this has been true since I started using PortfolioCenter in the pre-email stone age, it has become a growing problem in the post-Madoff,...
by Krisan Marotta | Mar 10, 2014 | KBO, SEC Audits
Q. I’m working on compliance. I have a question about SEC website Question IV.2 which requires advisors to add a legend urging clients to compare PortfolioCenter reports with statements from their custodians. The question/answer reads: Q: Can...
by Krisan Marotta | Feb 4, 2014 | KBO, Reporting, SEC Audits
Suppose an SEC Auditor is asking for a transaction export and you see the error “Export Failed!” when attempting to export the ledger from the PortfolioCenter Export Wizard. Opening the log the log will likely reveal something like this: Retrieving...
by Krisan Marotta | Jan 30, 2014 | KBO, SEC Audits
When the SEC Auditor knocks on your door, one item he will request is a spreadsheet containing a trade blotter for the time period under review. The easiest way to retrieve this information is using the Export Wizard. The example above requests different trade...
by Krisan Marotta | Jan 20, 2014 | KBO, SEC Audits
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...
by Krisan Marotta | Jan 16, 2014 | KBO, SEC Audits
The Securities and Exchange Commission announced it intends to visit all advisors who have never been examined before 2015 ends. Now might be a good time to get your records in order. In my 20+ years of working with PortfolioCenter, I have assisted my managers in many...
