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Fairview®

About Fairview®

Founded in 2005 with the goal of developing streamlined solutions for investment advisers, Fairview® is now servicing investment advisers, foundations, and funds with over $196 billion in collective assets.

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|

FINRA Releases Report on Selected Cybersecurity Practices

FINRA Releases Report on Selected Cybersecurity Practices WHAT HAPPENED? On December 20th, 2018, the Financial Industry Regulatory Authority (“FINRA”) released a Report on Selected Cybersecurity Practices (the “2018 Report”).  In it, FINRA outlines five topics of focus: Cybersecurity controls in branch offices; Methods of limiting phishing attacks; Identifying and [...]

By | 2019-06-14T20:24:18+05:00 Jan 23rd, 2019|Fairview® Flash Reports|