RIA Compliance Tool · Custody Rule 206(4)-2

Custody Trap Detector

The SEC Custody Rule 206(4)-2 trips small RIAs into 'surprise custody' every year without the advisor realizing — inadvertent SLOAs, retained bill-pay access for older clients, dashboards with firm-wide MoveMoney, MFA tokens bound to offices instead of people. Hedgehog charges $3K to check. ACA wants $10K+ for surprise-exam prep. This tool scans your practice against 12 known trap scenarios in 30 seconds, flags exposures with rule citations, and generates a remediation memo with your surprise-exam gating decision. $149 one-time.

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Scan 12 custody-trap scenarios

Answers 5 quick questions about your SLOAs, bill-pay, custodian dashboard, and ADV Item 9. Output: flagged exposures + remediation memo + surprise-exam gating decision.

Demo firm
Harbor Light Advisors
Newton, MA · AUM $280M · 148 clients
Custodian
Schwab Institutional
Advisor Center firm profile 84129
Pricing
$149one-time · full 12-scenario scan + memo
Hedgehog Compliance review: $3,000 · ACA Group surprise-exam prep: $10,000+ · Outside counsel billable hour: $450-$700. One avoided inadvertent SLOA pays for this tool ~60x over.