ACA Group Releases Joint Report on Compliance Trends

On July 22, the ACA Group, the Investment Adviser Association (IAA), and Yuter Compliance Consulting released its annual report “2025 Investment Management Compliance Testing (IMCT) Survey,” which highlights trends in a wide range of compliance topics including: AI Usage; Cybersecurity Controls; Private Funds; Digital Assets; and Vendor Due Diligence, among other topics. According to the survey, 40% of firms have formally adopted AI tools for internal use cases, and another 25% are actively exploring AI adoption; however, only 5% of firms are using AI to support client interactions. 60% of firms claimed “cybersecurity or privacy concerns around AI tools” as the reason they have not formally adopted AI technology tools. Regarding cryptocurrencies and digital assets, 85% of survey respondents said they do not offer investment advice to clients around digital assets and that they have plans to do so in the future. Additionally, 86% of respondents said their firm does not currently invest in digital assets and does not have plans to do so. The survey involved compliance professionals at 577 investment adviser firms of varying sizes. Services provided by responding firms spanned the full range of client types, including retail individuals with a typical account size of $1 million or less (30%), private funds (63%), ERISA assets/pension consultants (38%), institutional clients (54%), and high net worth individuals (52%).

Click here to read the ACA Group’s joint report “2025 Investment Management Compliance Testing (IMCT) Survey.”