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Scottrade proclaims itself the 'compliance custodian,' partnering with RIA In a Box and staffing a hotline with ex-regulators

But the mega-custodians are having none of it, saying the initiative is good as far as it goes, but lacks the horsepower to tackle the big questions

Author Lisa Shidler December 7, 2012 at 5:01 AM
1 Comment
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Brian Davis: This isn't meant to be a deep dive, but to answer those yes and no compliance questions RIAs have on a day-to-day basis.

RIA Compliance

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RIA Custodians


Blane Warrene

Blane Warrene

December 7, 2012 — 5:58 PM

It is great to see firms trying to make this easier. Like all things in our industry – over-analysis can lead to paralysis and making things more complex than they need to be. Having been regulated working within the industry for years – and now serving the industry in areas related to compliance – this is a great step to making solving compliance challenges more approachable. Every problem does not require an army of people and lots of moving parts. Often – just getting a question answered, asking for and receiving a framework to follow within a compliance plan will make all the difference. Kudos to Scottrade for trying to find the easy button.


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Mentioned in this article:

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien

NCS Regulatory Compliance
Consulting Firm
Top Executive: Mark Alcaide, COO/Partner

RIA in a Box
Compliance Expert
Top Executive: GJ King

Aurora Compliance Solutions
RIA Set-up Firm
Top Executive: Edward Romanowsky



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