2025 Investment Management Compliance Testing Survey

ACA Group, the Investment Adviser Association, and Yuter Compliance Consulting invite you to participate in the 2025 Investment Management Compliance Testing Survey.

This survey, now in its 20th year, gathers anonymous information from U.S. investment advisers of all types and sizes for the purpose of reporting on industry trends. Your participation in this year’s survey will assist in providing valuable information to the investment adviser compliance community. Moreover, you will gain access to a variety of testing strategies that you can put to practical use at your own firm. The survey will remain open through Friday, May 16, 2025.

This year’s survey covers the following timely, high-focus topics:

• Advertising (post new FAQs)
• Document Retention
• Artificial intelligence and compliance automation
• Personal devices and electronic communications
• Cybersecurity
• Cryptocurrencies and digital assets
• Anti-money laundering Whistleblowing
• "Hot” compliance topics

Those who complete the survey will receive exclusive access to the survey results webcast on Wednesday, June 25, 2025. 

Please note: this survey is open to compliance professionals at SEC-registered investment advisers. We ask that only one person per firm complete the survey. If you are not your firm’s chief compliance officer (CCO), please check with your CCO before completing the survey to avoid duplicative responses. The survey should take approximately 20 to 25 minutes to complete. 

As a reminder, this survey is conducted on a “blind” basis, so that all participants will remain anonymous. You will not be required to enter your identity or the identity of your firm. Moreover, all individual responses to the survey will be held strictly confidential and will not be revealed to any third party.

Begin Survey

About the survey sponsors

ACA Group

ACA Group (“ACA”) is the leading governance, risk, and compliance (GRC) advisor in financial services. We empower our clients to reimagine GRC and protect and grow their business. Our innovative approach integrates consulting, managed services, and our ComplianceAlpha^® technology platform with the specialized expertise of former regulators and practitioners and our deep understanding of the global regulatory landscape. Our global team of regulatory compliance professionals includes former SEC, FINRA, FCA, CFTC, NFA, and state regulators, as well as former senior managers from prominent financial institutions and advisory firms. We work with compliance and legal professionals to review and develop compliance programs based on best practices, current regulatory requirements, and robust oversight processes. www.acaglobal.com  

The Investment Adviser Association

The Investment Adviser Association (IAA) is the leading trade association representing the interests of fiduciary investment adviser firms. The IAA’s member firms collectively manage more than $35 trillion in assets for a wide variety of institutional and individual investors. In addition to serving as the voice of the advisory profession on Capitol Hill and before the SEC, DOL, CFTC and other U.S. and international regulators, the IAA provides extensive practical and educational services to its membership. For more information, visit investmentadviser.org or follow us on LinkedIn and YouTube.

Yuter Compliance Consulting, LLC

Yuter Compliance Consulting (“YCC”) is a leading, boutique compliance consulting firm, specializing in tailored consultation and support services for registered investment advisers, including asset managers, private equity firms and hedge funds. YCC is trusted by many of the industry’s chief compliance officers for highly valued regulatory advice and key insights on industry best practices. YCC partners with clients to provide personalized consultation and support to enhance compliance resources and improve compliance programs. Our deep industry knowledge and regulatory expertise helps us in guiding clients to navigate the complex landscape of financial regulations.

Amy Yuter, Managing Principal of YCC, has over three decades of industry experience, including as a regulator in the Division of Examinations at the U.S. Securities and Exchange Commission. As a thought leader in the compliance industry, Amy has made significant contributions. She is the founder of The Philadelphia Compliance Roundtable, which provides a platform for compliance professionals to exchange ideas and best practices. Additionally, Amy established the Investment Management Compliance Testing Survey, an important tool for benchmarking and improving compliance practices across the industry. For more information, visit www.yutercompliance.com.

Questions

If you have any questions, please feel free to contact any of the following individuals:

Aaron Pinnick, Senior Manager of Thought Leadership
ACA Group
929-946-5325
aaron.pinnick@acaglobal.com

Tracy M. Soehle, Associate General Counsel
​​​​​Investment Adviser Association
202-221-4870
tracy.soehle@investmentadviser.org

Amy Yuter, Managing Principal
Yuter Compliance Consulting
215-550-1508
ayuter@yutercompliance.com