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Fairview®

About Fairview®

Founded in 2005 with the goal of developing streamlined back office solutions for investment advisers. Fairview® is now servicing investment advisers, foundations and funds with over $132 billion in collective assets.

SEC Adopts Rules and Interpretations Including Form CRS and Regulation Best Interest

SEC Adopts Rules and Interpretations Including Form CRS and Regulation Best Interest WHAT HAPPENED? On June 5, 2019, the Securities and Exchange Commission announced the adoption of a package of rules and interpretations intended to increase transparency for retail investors in their relationships with investment advisers and broker-dealers. The [...]

OCIE Warns of Cloud-Based Server Security Risks

OCIE Warns of Cloud-Based Server Security Risks WHAT HAPPENED? Last week, the Office of Compliance Inspections and Examinations (OCIE) discovered several security risks related to the storage of customer information by broker-dealers and advisers, particularly related to the use of cloud-based servers. The primary risk was found to stem from firms [...]

By | 2019-06-11T19:43:21+05:00 May 29th, 2019|Fairview® Flash Reports, Uncategorized|

Form CRS: What You Should Know

Form CRS: What You Should Know WHAT HAPPENED? In April 2018, the SEC released a proposed rule which would require investment advisers to provide a relationship summary to prospective clients. Form CRS, or Form 3, is intended to give retail clients simple and straightforward information about investment advisers, written [...]

By | 2019-06-07T01:40:16+05:00 May 21st, 2019|Fairview® Flash Reports|

FINRA Cites Unreasonable Email Review

FINRA Cites "Unreasonable" Email Review - Firm Fined, Censured WHAT HAPPENED? On April 12, 2019, the Financial Industry Regulatory Authority (“FINRA”) issued a settlement with a Salt Lake City-based broker-dealer, Wilson-Davis & Company (“Wilson-Davis”), due to poorly designed and implemented email review procedures. The misconduct was observed January-August 2013 [...]

By | 2019-06-07T01:55:49+05:00 May 7th, 2019|Fairview® Flash Reports|

OCIE Warns Advisers and Broker-Dealers of Regulation S-P Compliance Issues

OCIE Warns Advisers and Broker-Dealers of Regulation S-P Compliance Issues WHAT HAPPENED? On April 16, 2019, the Office of Compliance Inspections and Examinations (“OCIE”) published a list of compliance issues in connection with Regulation S-P. Regulation S-P requires registered investment advisers, investment companies, and broker-dealers (“registrants”) to provide notice [...]

By | 2019-06-12T18:39:45+05:00 Apr 23rd, 2019|Fairview® Flash Reports|

Reminder: Annual Brochure Delivery Obligation

Reminder: Annual Brochure Delivery Obligation WHAT HAPPENED? Reminder: for Advisers with fiscal year-end Dec. 31, the annual brochure delivery deadline is approaching on April 30. The Adviser Act regulation (Section 275.204-3) states that Advisers must distribute, to each client and prospective client, brochures containing all information required by Form [...]

By | 2019-06-14T19:34:31+05:00 Apr 9th, 2019|Fairview® Flash Reports|