The Financial Adviser's Due Diligence Package for Cryptoassets

Brought to You By Backstop Compliance and Onramp Invest

Onramp Invest

February 8, 2022

Before we dive into this blog post, let’s take a quick look at why Onramp Invest exists in the first place. To boil it down to one sentence, Onramp Invest helps financial advisers solve the regulatory, compliance, and operational hurdles they face when offering cryptoasset services to their clients. We seek to be your “easy button” to a complex challenge.

We know what you’re thinking, “those aren’t hurdles; those are mountains.” If that’s the case, then we are here to build a tunnel through the middle of that mountain, with the financial advice workflows your clients love riding on new rails to their desired financial outcome.

In fact, we have made a lot of progress, with announcements ranging from the first crypto index strategy with Ritholtz Wealth Management and WisdomTree, to the addition of more than 100 pieces of content in our Onramp Academy that equip advisers to have meaningful conversations with their clients about the asset class.

When it comes to compliance and staying within the regulatory confines outlined by the SEC in places such as the February 26, 2021 risk alert, financial advisers have a lot of questions and concerns such as:

– What disclosures do we need for our ADV?
– How do we communicate cryptoasset services on our Form CRS?
– What additional security documentation should we have on file?
– Are there any additional disclosures that we should consider our clients to sign off on before offering cryptoasset services?

We have provided a slew of informational resources on this subject in the Academy, such as compliance checklists, client checklists, Bitcoin compliance guides, and more. However, we wanted to take it a step beyond information and provide advisers with a kit to help them see a clear path forward.

Today, we are happy to announce that in partnership with Backstop Compliance, all platform users of Onramp Invest will be provided a Due Diligence Package. The package contains the specific information advisers need to help their compliance team quickly overcome compliance and regulatory hurdles, mountains, and more that they may face. Consider this your bulldozer here to move the seemingly unmovable.

What’s inside the package? All the resources you are looking for.

– ADV and Form CRS Template Language
– Investment Advisory Agreement Template Language
– Custodian Security Information
– Onramp Security Statement
– Onramp Pricing and Valuation Policy

If you have any questions about the package or would like to request access, use the form below, and we will be in touch.

With gratitude,
Your Onramp Family

 

 

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