We were able to use this for our ADV offer but we still get frustrated with the inconsistencies - I don't have an update either.

Cameron Norris at Golsan Scruggs is really awesome! He really can give advisors a fantastic education on what they need and why they would need it.

Personally, AUM as the sole factor in determining the ratio doesn't work. It depends on the clients that the adviser tends to focus on. I have worked for advisers that had 500+ million in AUM with ease and others with 100 million and constantly buried. Average age of clients, adviser's product choices, service level expectations play a bigger factor. Simple account opening vs. complex account opening, tech savvy clients vs. those that aren't, equity models vs private equity or insurance are a few examples that should be considered as part of the equation for success.

The compliance manual is a good resource. The CSA role as an example, especially in a smaller firm will touch client contracts, document delivery, anti-money laundering/Identity theft programs, complaints, custody, correspondence, DOL, suitability, mutual fund share classes, trade Error, money movement, privacy, seniors, billing, client files, etc. While they do not exclusively have every task associated with meeting the requirement, they are already part of these processes' day to day. Break the manual down by role and build the tasks from there to start.

Hi from Jacksonville Beach, FL. I love this site and have shared it with several others - it's been exciting to see how it's grown. I love everything financial services - my favorite thing about my career path has been the learning never stops. Last year I opened my own practice to help advisors struggling with their compliance & operations programs. I can take on the daily tasks or help them leverage their chosen tech for a short term engagement. I don't replace the compliance consultant or CCO, but I can certainly ease to burden of testing their programs and understanding operations and tech helps to keep things efficient with the all the rules we live by. Working remote or in a small office environment it's really great to have a village to turn to.