Best RIA compliance software solutions

Compliance is a fundamental part of an RIA’s operations. It’s not something your firm can choose to do or not do as non-compliance can lead to significant financial and legal penalties. 

But compliance is also an ongoing process – and with the SEC and other state regulators implementing stricter rules on documentation and administrative activities, having the right tools is important.  

To give you an idea of the best platforms in the market, we’ll list our picks for the top RIA compliance software solutions in this guide. We’ll go over the features and capabilities, so you can find the tool that matches your firm’s needs.  

The key features of an effective RIA compliance and regulatory platform include: 

We’ll give you an overview of what each platform offers when it comes to these functions. You can get more details by checking out the tools’ websites. This list is arranged alphabetically.  

1. ComplianceAlpha 

ComplianceAlpha is developed by regtech giant ACA Group to streamline risk and compliance management for financial services firms, including RIAs. The platform is designed to improve oversight and examination readiness through automated workflows, detailed audit trails, and monitoring. 

• Trade monitoring: enables advisors to manage personal trading, attestations to codes of ethics, and disclosures of gifts and entertainment 

• Integrations: open API allows for seamless integration with internal systems, including HR systems, CRMs, and trading platforms 

ComplianceAlpha also analyzes data to identify patterns of fraudulent activity. This feature helps firms protect against potential misconduct. ACA can assist firms with performance management and reporting in line with Global Investment Performance Standards (GIPS) as well. 

 

2. Comply 

Comply, formerly known as ComplySci, is marketed to provide financial services firms a “360-degree regulatory compliance” solution. Among the features that make it an effective RIA compliance software are employee trade monitoring, communication, risk management, and reporting.  

Want to know how to build a strong RIA tech stack? Get practical tips and strategies from this guide.  

3. FIN Compliance 

FIN Compliance from FIN Group is a compliance platform designed for RIAs and other financial services firms. The software provides compliance and disclosure portals, integrations, and white-label solutions to help firms manage compliance, audit reporting, and communications. 

• Document management: provides a system for storing, sharing, and requesting compliance-related documents 

 

4. Luthor AI 

Luthor AI is an RIA compliance software solution that uses AI to automate various compliance tasks. The platform boasts a unique feature called “outsourced CCO.” This combines AI automation with human expertise to help firms manage regulatory requirements. As part of this service, RIAs can benefit from Luthor AI’s network of experienced compliance professionals and former regulators. 

• Compliance calendar & task management: creates a custom compliance calendar based on your firm’s policies, regulatory filings, and past exams; system sends real-time reminders and automated alerts for upcoming, overdue, or completed tasks; dashboard shows what tasks are done, what’s overdue, and who is responsible for each item 

• Document management: provides a secure storage for compliance-related documents; the platform meets regulatory requirements for electronic recordkeeping, including SEC Rule 17a-4 and “write once, read many” WORM compliance 

• Integrations: Luthor AI implements a “lightweight, no-login system,” which allows the platform to integrate with a firm’s existing systems 

• Ease of use: receives mostly positive user feedback; reviews highlight how the software makes compliance “manageable,” “straightforward,” and “less of a scramble” 

Find out the benefits of having the right compliance software for your RIA in this guide.   

5. Orion Compliance  

Orion Compliance is part of Orion Advisor Solutions’ suite of technology for RIAs and wealth management firms. The platform provides tools for compliance oversight, management and workflow automation. The RIA compliance software can be used as a standalone system or integrated with other Orion products. 

• Compliance calendar and task management: provides a single view of compliance-related deadlines, events, and recurring tasks, and sets up automated alerts and reminders; generates tasks automatically based on compliance rules, regulatory requirements, and firm policies 

• Integrations: BlackRock’s Advisor Center (CRM); MyRIACompliance, BasisCode (compliance); Charles Schwab, Fidelity, Pershing (custodian); AdvisoryWorld (account management); Kwanti (data analytics); CardConnect (billing) 

• Pricing: standalone options for Employee and Firm Oversight plans start at $8,500 annually for up to 10 users, with each additional user costing $200 per year; free demo and 30-day trial   

Orion Compliance also boasts a whistleblower management feature that offers a secure channel for reporting compliance concerns. 

6. RIA Compliance Control Center 

RIA Compliance Control Center is designed to allow RIA firms to streamline compliance tasks. The software offers a range of tools aimed at improving efficiency across all regulatory obligations. The platform was launched recently by compliance education and training services provider RegEd. 

• Audit trail and reporting: streamlines submission, review, attestation, and disclosure of outside business activities for firm personnel 

RIA Compliance Control Center also gives firms access to RegEd’s continuing education programs. 

If you’re searching for new tools to boost your RIA tech stack, our Best in Wealth Special Reports section is the place to go. Our special report on the best new software and technology for investment managers can give you plenty of options.  

7. RIA Compliance Technology  

 Also called RIA CompTech, this software allows firms to automate and manage regulatory compliance tasks. The platform is designed for RIAs of all sizes, as well as broker-dealers and compliance consulting firms.  

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

RIA CompTech also has tools for IPO tracking and purchase monitoring. The RIA compliance software also offers firms support for meeting fiduciary responsibilities and Financial Crimes Enforcement Network (FinCEN) requirements.  

8. RIA in Box  

RIA in Box is Comply’s compliance tool designed specifically for RIAs. It is built to help firms meet SEC and state regulatory requirements and automate manual compliance tasks. RIA in a Box is one of the industry’s most widely used RIA compliance software.  

• Document management: centralized storage helps firms meet SEC Rule 204-2 archiving requirements; document management is integrated with other compliance workflows, including communications archiving, employee trade monitoring, and annual reviews 

• Trade monitoring: records, monitors, and consolidates employee personal securities transactions automatically; streamlines the pre-clearance process 

• Filing compliance: assists with preparing, tracking, and managing key regulatory filings such as Form ADV, Form U4/U5, Form CRS, and other SEC and state-required documents 

• Audit trail and reporting: logs compliance activities, including submissions, approvals, attestations, and changes; generates customizable reports 

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

What are the best CRM platforms for your RIA? Check out our top picks in this guide.  

9. Smartria 

Designed for RIAs, Smartria offers a centralized platform for managing all aspects of compliance, including SEC and state regulations. It helps firms stay on top of regulatory filings, employee compliance, and fiduciary duties. The RIA compliance software also streamlines documentation and recordkeeping processes to keep everything audit ready. 

• Trade monitoring: automates tracking and review of employee personal securities transactions, including pre-clearance workflows; system maintains a restricted securities list and flags any attempted trades involving these listed securities 

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

Visit and bookmark our GoRIA Technology News section for easy access to news and information about RIA compliance software solutions.  

To find an effective compliance software solution for your RIA, consider your firm’s size, regulatory needs, and how well the platform integrates with your current systems. Look for strong customer support, data security, and flexibility to grow with your business.  

Prioritize features that automate compliance tasks, track deadlines, and maintain a clear audit trail. Essential functions include employee trade monitoring, document management, and regulatory filing support. The right software should simplify compliance, reduce manual work, and help your firm stay organized and audit-ready at all times. 

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