What You Need to Know
- The attorneys can act as outsourced chief compliance officer and general counsel for advisors.
- Target advisory firm clients are those with $100 million and $10 billion in assets under management.
- The three broke off to "deliver advice without big firm and ‘scalability’ constraints."
Three former attorneys at the law firm Stark & Stark have launched RIA Lawyers, a law firm for RIAs.
Cary Kvitka, Max Schatzow and Ryan Walter are business partners and attorneys at RIA Lawyers, according to the firm’s website, focusing “almost exclusively” on representing registered and exempt investment advisors with legal, regulatory and compliance matters.
“I am proud to announce the launch of RIA Lawyers LLC,” Schatzow said in a tweet. “As we enter 2022, I thought it was finally time to practice what I preach. I believe that independence is important in the financial services industry as well as in the legal field.”
The legal team states on their website that they can act as outsourced chief compliance officer and general counsel.