In this episode, host Scott P. Gill is joined by special guest, Kent Keister of Reliant Compliance. As experienced compliance consultants, they share the opinion that a firm's Annual Compliance Review is one of the most important tasks for a firm to complete each year. You'll learn why this fundamental task is crucial in maintaining a strong compliance program, and assists with the operations of the firm.

Our host, Scott P. Gill, was recently featured on The Advisors Edge Podcast with Rob Jacomen & Chad Ramburg.

They talk about going from being a solopreneur to building and scaling a successful firm, and the difficulties that business owners face when facing decisions they can't directly impact. Scott recommends having a strategy for the things you don't control and encourages swift and confident decision making to prevent bottlenecks.

The use of sub-advisers and third-party managers can be a major value add for firms that offer portfolio management. However, if not implemented correctly, using an outside service could lead to regulatory examination deficiencies.

Listen in as host Scott P. Gill and compliance consultant, Eric Moeller, talk about the three areas of compliance to consider before making changes to your firm's operations.