Rule 206(4)-7

Annual Compliance Review

The annual review of your compliance program’s adequacy and effectiveness is the #1 artifact examiners request. Run it as a guided workflow — and produce the written report — instead of a blank document.

A Blank Word Doc Isn’t a Process

Rule 206(4)-7 requires an annual review — and evidence you actually did it.

Most firms reconstruct the annual review from memory once a year. A structured, documented review across every program area — with ratings, findings, and remediation you can show an examiner — is what the rule expects and what protects the firm.

How It Works

Four steps from blank page to a documented annual review

1

Start the review

Open a new annual review for the year. The program is pre-loaded with the standard areas a 206(4)-7 review should cover.

2

Assess each area

For every area, rate the policy’s adequacy and its effectiveness, document the testing you performed, and record any findings.

3

Log findings & remediation

Capture deficiencies, assign an owner and a target date, and note the remediation plan — all in one place.

4

Conclude & document

Write your overall conclusion, mark the review complete to lock it, and print the written annual review report for your files.

Key Capabilities

Built for a defensible 206(4)-7 review

Pre-loaded standard review areas

Adequacy & effectiveness ratings per area

Findings with owner & target date

Year-over-year review history

Completion lock for a defensible record

Printable written annual review report

Every Program Area, Covered

The review is pre-loaded with the standard areas

Portfolio Management & Investment Process
Trading & Best Execution
Marketing & Advertising (Rule 206(4)-1)
Code of Ethics & Personal Trading
Custody & Safekeeping
Valuation
Books & Records (Rule 204-2)
Privacy & Reg S-P
Cybersecurity & Business Continuity
Fees & Billing
Conflicts & Disclosures (Form ADV)
Proxy Voting
Vendor & Service-Provider Oversight
Client Complaints
Anti-Money-Laundering

Included on the Professional plan. Available to SEC RIAs, broker-dealers, and dual registrants.

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