Compliance pop quiz — Test your IQ

Question 1

Which vendor is most associated with cloud-based RIA compliance program management?

Accepted Answer

ComplySci

Answer

MyComplianceOffice

Answer

Hadrius

Answer

RIA in a Box

Question 2

A newly launched advisory firm needs a solution for its regulatory requirements but lacks the budget for a full-time Chief Compliance Officer (CCO). Which vendor's business model is explicitly designed to provide both technology and expert services on an outsourced, part-time basis?

Accepted Answer

FinCompliance

Answer

File 13F

Answer

ComplianceAlpha

Answer

Hadrius

Question 3

Which statement best reflects what is shifting in Compliance?

Accepted Answer

AI-driven automation is the dominant trend in Compliance

Answer

The category is shrinking as advisors return to spreadsheets

Answer

Most vendors in this space were acquired by a single private equity firm in 2023

Answer

Regulation has frozen new product development in this category

Question 4

Which of these best describes "Compliance"?

Accepted Answer

Integrated tools for RIA registration, employee trade monitoring, communication archiving, and automated marketing review.

Answer

API networks and platforms allowing advisors to connect, view, and trade off-platform client accounts.

Answer

Estimating the fair market value of private businesses for owner-clients and exit planning scenarios.

Answer

Core client relationship management, pipelines, and compliance notes.

Question 5

A compliance consultant for a large broker-dealer discovers the firm is using Hadrius for its AI-powered marketing review. What is the most significant potential compliance gap this presents for the firm?

Accepted Answer

The firm is likely missing specialized tools for FINRA rule sets, as Hadrius is primarily focused on RIA compliance under the SEC.

Answer

Using Hadrius for marketing review is inefficient, as it only handles SEC filings.

Answer

A single-vendor solution like d1g1t would be more cost-effective for a large broker-dealer.

Answer

The firm is overspending on AI, as communication archiving can only be done manually.