5 ways for wealth management firms to keep compliant in 2023 – Financial Planning

With holiday celebrations behind them, investment advisors can now buckle down to the serious task of making sure they are doing everything possible to avoid running afoul of regulators in 2023.
From getting acquainted with a new Securities and Exchange Commission marketing rule to making sure they are properly conducting and documenting their annual compliance reviews, firms will have plenty to do to stay on the right side of state and federal laws. Here are five steps to take to make sure your regulatory house is in order.
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Deloitte Financial Corporate’s settlement over recordkeeping allegations probably would have been bitter had the company not cooperated.
Meanwhile the firm’s newly reorganized wealth and asset management arm offered a couple of record numbers in an otherwise dark period for the megabank.
Amid the end of pandemic credits and investment losses, filing a federal return this year has sobering moments.
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