Best filing compliance solutions for RIAs

Filing compliance solutions help RIAs manage and automate regulatory tasks. From ADV filings and compliance calendars to document storage and audit preparation, these platforms ensure that firms meet SEC and other state regulations.  

But with the wide range of tools available, picking the one that best suits your business can be tough. To help you with this task, we’ll list our picks for the top RIA filing compliance software in this guide. We’ll walk you through the different features and capabilities, so you can decide which platform fits your needs.  

Fulfilling filing obligations allows your RIA to build trust with clients and avoid potential legal and financial issues. The key is choosing the right filing compliance solution.  

The tools below boast features and functions that enable your firm to streamline filing and related compliance tasks. This guide, however, will provide only a general overview of each platform. For complete details of each tool’s capabilities, you can visit their website. These are our picks arranged alphabetically. 

1. AdvisorCloud360 

AdvisorCloud360 from AdvisorAssist is a secure, cloud-based platform designed to assist RIAs with their compliance management program.  The software acts as a central hub for various compliance-related tasks. It also serves as a knowledge base and training tool for CCOs and supervised persons. 

• Automation: streamlines the process of keeping ADV filings, notice filings, and other compliance documents accurate and up to date 

• Document management: central hub facilitates timely and accurate filing of key regulatory documents such as Form ADV, Form CRS, and Section 13 filings 

 2. ComplianceExpress 

ComplianceExpress is a cloud-based compliance management platform designed for investment managers and financial advisors. It was developed by InvestorCOM to help firms deliver disclosures, manage records, and simplify compliance reporting.  

• Automation: automates the delivery of various client documents, including Form CRS, Form ADV, and other compliance and marketing materials; RIAs can track document delivery 

• Compliance calendar/reminders: allows firms to view upcoming events and deadlines, track compliance history, and download documents 

• Data security: uses data encryption, strong access control, and a secure cloud storage to safeguard client data 

• Integrations: Microsoft Dynamics 365, Redtail, Salesforce (CRM); other InvestorCOM products like ShelfMonitor (for monitoring investment products) and PeerCompare (for comparing investment recommendations) 

3. Docupace 

Docupace is a cloud-based platform designed to automate back-office tasks for investment and wealth management firms, including RIAs. The software provides tools for document management, client onboarding, and regulatory reporting. These features help firms maintain compliance with SEC and FINRA regulations. 

• Document management: offers a secure platform for storing and managing client documents, including those containing non-public personal information (NPI) in compliance with SEC Rule 17a-3 and 17a-4; creates audit-ready reports  

• Integrations: Salesforce, Redtail, Wealthbox (CRM), Envestnet (custodian); PreciseFP (financial planning; Wealthscape (account management); InvestorCOM, MyRIACompliance (compliance); DocuSign, SIGNiX (e-signature) 

 4. Envestnet Form CSR Automator 

Envestnet has partnered with regtech firm Compliance Solutions Strategies (CSS) to offer Form CRS Automator. The web-based app serves as a filing compliance solution for RIAs and broker-dealers.  

• Automation: extracts data automatically from existing regulatory filings, including Form ADV Part 1A and FINRA filings, to populate the required fields in Form CRS 

An effective filing compliance solution is an important part of a strong RIA tech stack. Get tips and strategies on how to build one in this guide.   

5. Hadrius 

Hadrius is an AI-powered platform designed for automating and streamlining compliance processes for financial and wealth management firms. It focuses on SEC and FINRA regulations, offering solutions for communication archiving, trade monitoring, and marketing review. 

• Data security: uses a range of measures to protect client data, including encryption, granular access controls, and secure authentication mechanisms 

6. MyRIACompliance 

MyRIACompliance is one of the platforms under RIA in a Box’s offerings. The tool is designed to help SEC- and state-registered RIAs manage and automate regulatory tasks, including filing compliance. It is also among the most popular solutions that firms use to keep abreast of regulatory changes. 

• Document management: allows firms to store, manage, and share client documents through integration with Docupace  

• Integrations: Black Diamond, Orion, Salesforce, Advyzon, Wealthbox (CRM); Docupace (document management); Morningstar Office Cloud (client data); SEI Wealth Platform (registration and compliance) 

7. Orion Compliance 

Orion Compliance is Orion Advisor Solutions’ compliance management platform designed for financial firms. The tool provides a centralized hub for tracking and reporting compliance activities. One of its key functions is filing compliance.  

• Automation: pulls data directly from Orion to populate Form ADV filings; automates registration and notice filings through integration with MyRIACompliance; also has tools and functions to assist with 13F reporting 

• Compliance calendar/reminders: users can access a calendar with key dates, including annual ADV updates and quarterly compliance meetings; lets firms assign tasks to team members and set reminders to ensure deadlines are met 

• Data security: has tools to help protect client data, including VPNs, password protection, and device security 

• Integrations: BlackRock’s Advisor Center (CRM); MyRIACompliance, BasisCode (compliance); Betterment Advisor Solutions (custodial data); AdvisoryWorld (account management); Kwanti (data analytics); CardConnect (billing) 

Visit and bookmark our GoRIA Technology News section for more information on filing compliance solutions. 

8. RIA Compliance Control Center 

RIA Compliance Control Center serves as a platform for firms to streamline compliance tasks. It includes a filing compliance solution that enables RIAs to manage and monitor regulatory filings. The tool was developed by compliance education and training services provider RegEd.  

• Compliance calendar/reminders: customizable calendar allows advisors to track ongoing, past due, and completed compliance tasks 

• Document management: provides a single hub for storing compliance-related documents, including policies, procedures, and client communications 

 9. RIA Compliance Technology 

Also known as RIA CompTech, the platform is designed to enable firms to automate and manage regulatory compliance tasks. The tool suits RIAs of all sizes, as well as broker-dealers and compliance consulting firms.  

• Automation: helps firms streamline Form ADV filing through a tool called simple ADV solution; automates other compliance tasks including filing reminders, disclosure reviews, and policy updates 

Compliance is important when searching for a platform to add to your tech stack. If you’re looking for client management software, these FINRA-compliant tools can do the job.  

10. Skematic  

Skematic offers a compliance management platform designed for RIAs, broker-dealers, and consultants. This includes a filing compliance solution that allows firms to keep up to date with regulatory requirements.  

• Integrations: Salesforce, Black Diamond, Advyzon, Redtail, Wealthbox (CRM); Orion (registration and notice filings); MyRIACompliance, SEI (compliance); Docupace (document management); Nitrogen (risk management); ProWriters (insurance) 

• Cost: $5,000 per year for Basic plan; $10,000 per year for Standard plan; $20,000 per year for Premium plan; free demo 
  
   

11. Smartria 

Smartria provides a centralized platform for managing all aspects of compliance, including SEC, FINRA, and state regulations. It helps RIAs stay on top of regulatory filings, employee compliance, and fiduciary duties. The tool also streamlines processes to keep everything audit ready. 

• Automation: helps firms manage and track regulatory filings, including Form ADV, to ensure timely updates and amendments 

• Data security: uses different measures, including multi-factor authentication, strong passwords, data encryption, and secure storage  

• Integrations: Black Diamond, Redtail, Salesforce, Wealthbox (CRM); Plaid (data transfer); LPL Financial (financial planning); Bridge (data and portfolio management) 

Looking for new tools to add to your RIA tech stack? Check out our special report on the latest technology and software for investment management professionals to find one.   

When picking a filing compliance solution that fits your business’ needs, there are several factors you need to consider. Here’s a checklist: 

☐ Regulatory filing support and automation: Form ADV, Form CRS, Form D, other compliance documents 

☐ Tools and functions: compliance calendars, automatic notifications, document storage, compliance logs, recordkeeping and reporting 

☐ Security features: data encryption, multi-factor authentication, access control, secure storage 

☐ Integrations: open API for easy integration to internal and third-party applications 

☐ User-friendly interface 

☐ Onboarding and aftercare: responsive training and customer service staff 

☐ Plan cost: offers the features your RIA needs and fits your budget 

By carefully considering these factors, you can choose a filing compliance solution that helps you keep up with regulatory requirements. 

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