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Hedge Funds, Mutual Funds, Brokers/Dealers and RIA's

BrookWeiner L.L.C. has several years experience providing audit and tax services for hedge funds, mutual funds, non-public broker/dealers, and futures commission merchants. Services we provide in these areas include:

Hedge Funds

  • Audit services for domestic and offshore funds
  • Federal, state, and local tax return preparation
  • Tax planning and legal entity structuring consultation
  • Review of subscription agreements and private placement memorandums
  • Partnership direct and special tax allocations

Mutual Funds

  • Audit services for several different structures including multi-fund families, newly established funds, fund-of-funds, and real estate investment trusts (REIT)
  • Tax return preparation and related tax analysis
  • Tax planning and consultation
  • Seed audits for newly established funds
  • Assistance with annual excise dividend calculations
  • Assistance with semi-annual and N-Q filings and other regulatory and compliance forms


RIA Compliance with SEC “CUSTODY RULE”

RIA non-compliance with the SEC’s “Custody Rule” is widespread. Many RIAs are simply unaware of the regulations and therefore potentially non-compliant. BrookWeiner can both document control procedures and conduct the surprise internal examinations.

Reporting deficiencies come at a cost to RIAs. Remedies can include drafting new compliance policies and procedures, changing business practices, and devoting resources to custody compliance. Fortunately, help is available.

Click here for a comprehensive discussion that encompasses:

  • REGULATORY HISTORY of the “Custody Rule” as it applies to 
    SEC-registered investment advisers
  • ŸDEFINITION OF “CUSTODY” and examples of reporting deficiencies
  • ŸANNUAL SURPRISE EXAMS by PCAOB-registered public accounting firms
  • ŸINTERNAL CONTROL REPORTS such as “Report on Controls Placed in Operation
    and Tests of Operating Effectiveness” and “Compliance Attestation”
  • ŸRAMIFICATIONS FOR RIAs including the option of engaging legal and compliance
    experts for readiness reviews and other proven tools and resources 

Effective January 1, 2009, the Securities and Exchange Commission (SEC) requires auditors of non-public broker/dealers to be registered with the Public Company Accounting Oversight Board (PCAOB). BrookWeiner L.L.C. is fully registered with PCAOB to assess our compliance with the Sarbanes-Oxley Act, the rules of the Board and the SEC and professional standards. View our registration.

Is your RIA firm compliant with the SEC custody rules?