Navigating SEC custody compliance with confidence
Offering bill pay can be a seamless part of your firm's operations. Learn how to provide essential payment services while staying ahead of custody-related requirements.
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Many RIAs hesitate to offer bill pay because of the SEC’s Custody Rule—and that’s understandable. But custody exams shouldn’t be a blocker. While the rule is meant to protect assets, bill pay is a long-standing service with well-established regulatory expectations.
When you understand the requirements and use BILL Accounts Payable to support them, compliance can turn from an obstacle into an opportunity to strengthen client relationships.
You’ll learn:
- What a surprise exam is and isn’t
- Five practical steps you can take to prepare
- How bill pay automation simplifies custody compliance
- Real insights from RIAs successfully offering bill pay services
