Examination Preparation and Support
Whether you’re a Registered Investment Advisor (RIA) or a Broker-Dealer, if you have not been examined or it has been a while since your last examination, Bates can provide several options to improve your readiness.
Mock Examination Service
Bates will generally conduct this mock exam under the following stages:
- Introduction and Initial Firm Interview
- Evaluation of Firm Interview
- Mock Exam Document Request
- Evaluation of Firm’s Document Production
- Personnel Interviews
- Evaluation of Personnel Interviews
- Exit Interview and Summary Report
This service offers a complete exam experience from document requests, interviews, and analysis of provided documentation. It is designed for those who would like an independent dry run of the exam experience.
Examination Preparation & Support Service
A less extensive service is our examination preparation and support service. This service is designed to prepare your firm for responding to a regulatory examination. It includes, but is not limited to:
- A “roadmap” or the expected exam which includes recent SEC/FINRA focus areas, exam priorities, and relevant risk alerts
- Review and assisted in compilation of expected document requests
- Develop an exam staff presentation
- Training on exam interviews