RIAs new concerns

Regulation changes are now the greatest concern for RIAs. The SEC and other regulatory agencies are laying the blueprints for regulatory changes through the RIA sector which will likely cause RIAs more compliance work and may also mandate the restructuring of some RIA firms.

The SEC has come under stiff scrutiny for having Madoff slip through 8 of its audits. They are now trying to plug holes in their regulatory system to prevent scam artists like Madoff from defrauding clients in the future.