The Colorado Division of Securities Provides Revised Regulatory Guidance for Ongoing Financial Planners
November 15, 2022 -- The Colorado Division of Securities (the “Division”) recently published a revised “Ongoing Financial Planning Guide.” This revised Guide includes updates and clarifications to the original version published in March 2022. Additionally, the Division staff issued a letter accompanying the revised Guide that addresses industry comments and offers context to the Guide clarifications.
The purpose of the Guide is to assist investment advisers offering ongoing financial planning services by sharing recommendations and regulatory best practices observed by the Division exam staff. The staff published the guidance in response to the growing trend of advisers offering financial planning under an ongoing or continuous model, and the increasing need for advisers to review and enhance their compliance programs in this area.
The Guide is available here. The staff’s clarification letter along with a redlined copy of the revised Guide and the industry comment letters can be viewed here.
Examinations serve to protect investors by ensuring that advisers are following the Colorado laws and rules that govern them. The guidance is not meant to cover all compliance areas. Investment advisers and their representatives are required to comply with all statutes and applicable rules. For Colorado securities regulations, see Statutes and Rules.
The Division staff resources along with information on the examination process can be found on the Division’s website at For Firms and Industry Professionals.
If you have any questions or need to contact the Division, our phone number is 303-894-2320 or you can email us at dora_SecuritiesWebsite@state.co.us.
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The Department of Regulatory Agencies (DORA) is the state's umbrella regulatory agency, charged with managing licensing and registration for multiple professions and businesses, implementing balanced regulation for Colorado industries, and protecting consumers. Our nearly 600 employees are dedicated to preserving the integrity of the marketplace and promoting a fair and competitive business environment throughout Colorado.
The Division of Securities exists to protect investors and maintain confidence in the securities market, while avoiding unreasonable burdens on the marketplace by licensing securities professionals, enforcing securities law violations, and helping Coloradans become more informed investors.
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