True Cost of Compliance

By Corrie Scoby  • Chief Consultant & Owner, Three Lumos Consulting, LLC The 5-Part Compliance Cost Series Welcome back to “The True Cost of Compliance”  series. In this 5-part blog series, we’re unpacking often-overlooked factors that drive up the real price of staying compliant in the financial advisory world. In Part 1 , we introduced the series and highlighted how compliance costs can far exceed initial expectations when considering fines, inefficiencies, and missed oppor

By Corrie Scoby  • Chief Consultant & Owner, Three Lumos Consulting, LLC When most Registered Investment Adviser (RIA) firm owners think about compliance, they focus on regulatory deadlines, required disclosures, and avoiding fines. But there’s another layer of cost—less visible, often overlooked, and increasingly significant. It’s the operational infrastructure that supports your compliance program: the technology, workflows, and vendor relationships that keep your firm audi