The 2026 State of RIA & Broker-Dealer Compliance
An annual benchmark report built from aggregated, anonymized data across RegReview, InvestPrep, and ADScanner — so you can finally see how your firm stacks up.
- Median days to complete a Rule 206(4)-7 annual review
- Top 10 Marketing Rule flags from live ADScanner AI scans
- Cybersecurity, vendor DDQ, and AML testing benchmarks
- Multi-jurisdiction cuts: SEC/FINRA, FCA, CSA, ASIC
- Segmented by AUM band, industry pack, and registration type
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What's inside
Nine benchmark chapters, each cut by firm size and registration type. Illustrative sample table is included in the preview PDF.
Marketing Rule benchmarks
Pieces reviewed per firm per quarter, top flag categories, average approval turn-time.
Annual Review (Rule 206(4)-7) throughput
Median days to complete, % of firms with overdue policies, most-edited sections.
Code of Ethics & personal trading
Attestation completion rates, restricted-list hit rates, pre-clearance turn-time.
Books & records readiness
Gap rates by category, recurring examiner deficiency themes.
Cybersecurity & vendor DDQ
Vendor coverage, tabletop cadence, MFA and encryption adoption.
AML testing (FinCEN 2026)
Coverage under the new RIA rule, findings distribution, remediation time.
Fund administration (InvestPrep)
Onboarding cycle time, capital call & distribution processing, NAV close timing.
Marketing scan intelligence (ADScanner)
Top 10 Marketing Rule flag categories from live AI scans, avg risk score by industry pack (RIA, insurance, mortgage, banking, healthcare, legal, tax, real estate), % of pieces requiring rewrite vs minor edits, and multi-jurisdiction cuts (SEC/FINRA, FCA, CSA, ASIC). Cross-platform metric: RegReview + ADScanner users vs RegReview-only review turn-time.
Firm-size cuts
All benchmarks segmented by AUM band, headcount, and registration type. Segments published only when n ≥ 25 firms.
Real platform data
Sourced from live RegReview, InvestPrep, and ADScanner activity.
Fully anonymized
Aggregated only. No firm-level or client-identifying data ever exposed.
Quartile cuts
Bottom quartile / median / top quartile so you know where you stand.
Firm-specific overlay
RegReview & InvestPrep customers get a one-page firm-vs-benchmark comparison.
See the live version
Top Marketing Rule flags, avg risk score by industry pack, and RegReview approval turn-time — refreshed monthly from live platform activity.