LexAlign for Financial Advisors and Tax Preparers
LexAlign helps financial advisory and tax preparation firms of all sizes meet their Federal compliance obligations, by making it easy and affordable to obtain tailored Compliance Manuals, Policies, and Consumer Notices that are required by law.
Click on any title below to learn more about what makes LexAlign superior to other alternatives.
Sure, there are many vendors that want to sell you the policies, notices, guides, training materials, etc. that the Regulators require. They'll tell you that you face massive fines, plus potential litigation costs, reputational harm, enhanced requirements, perhaps even worse, if you don't have what regulators expect to see if you were audited. And they'll charge you incredible fees for their products.
But here's the catch: Your written policies, notices, and training materials are supposed to cover the legal requirements that apply to your business practices.
Your business activities probably differ in small but important respects from the firm down the road. Those differences can mean different requirements apply.
You need written policies and notices that are tailored to your business. But those other vendors want to sell every firm the same policies, notices and training materials.
It makes no sense to train your employees on requirements that don't apply to your business. And, from what we've heard from regulatory examiners, they are none too happy when a company's policies and training materials aren't tailored to that company's business practices.
LexAlign's products are created by lawyers who are experts in the relevant law. In combination with that expertise we've built a highly efficient but incredibly powerful software engine that knows what questions to ask you in order to determine which requirements apply to you.
It then instantly and automatically delivers your Policies, Consumer Notices and (soon) training materials that are tailored to your business. It's all in plain English, fully automated, and incredibly easy to use.
Unlike those other sites, we also try to help you understand what internal processes you need, and how to stay compliant as your business grows and develops. We offer guides and checklists, specially tailored to your business, to help you understand what is required now, and which new activities could trigger different requirements.
But (as they say) that's not all . . . Despite being superior, our products are also much more affordable than the formulaic, often irrelevant documents that those other sites offer.
Unlike those other sites, we're a Public Benefit Company. That means we have an official public benefit purpose: our mission is to facilitate compliance — to make it easier and more affordable to achieve — so that there is more competition and innovation in regulated markets.
We're a young, lean company, and we're eager to please. While we haven't yet built all the products on our to-do list, we're well on our way. We encourage you to use our site and give us feedback so that we can improve it. We might even give you a rebate for particularly useful comments.
Here are just some of the items we offer:
- A Compliance Action Plan built for you.
- A Compliance Manual including tailored compliance Polices that the Regulators would expect you to have, with built-in, simple-to-implement record keeping and tracking of employee sign-offs.
- Consumer Notices that are accurate for your business (as required by law).
- And Compliance Guides that contain actionable guidance tailored to your business practices.
Finally, with our low product subscription fees, we'll keep you up to date on the evolving legal requirements that affect your business.
FTC requirements. CFPB requirements. The Federal Privacy Rules (we cover both the Gramm-Leach-Bliley Act and relevant provisions of the Fair Credit Reporting Act). The Red Flags Rule. Identity Theft Protection requirements. The Safeguards Rule. The Electronic Fund Transfer Act. The E-Sign Act. Regulations P and E. The Telemarketing Rules. The Marketing Rules . . . and many more.
But don't worry, we won't burden you with legalese. All our products are written in plain English. And we use industry-specific examples.
So let's get started! Fill out the form on the right.