Audits for Investment Advisers under PPA

[Guest djw]

Now that the proposed regulations are out implementing the PTE, I have approached several potential Investment Advisers to to prepare proposals to provide fiduciary advice to participants. All of them have said they are interested and would be willing, if they could identify and engage an independent auditor that would satisfy the audit requirements of section 408(g)(6) of ERISA and the compliance of investment adviser arrangements.

Do you know of any auditors that are geared up to to perform this work?

Thank you in advance for your replies.

[ERISAnut]

Hate to muddy the water, and am actually interested in the answer you find. But one distinction (I think) that is very important to make is between a Registered Investment Advisor (RIA) and an Investment Advisor Representative (IAR). The RIA is typically the employer (company) who hires the IAR (individual).