SEC Rule 206(4)-1

Collect client reviews without guessing at the Marketing Rule.

Since 2021 the SEC has allowed you to use client testimonials. It also requires disclosure on each one, oversight of what goes out, and records you can produce on request. Most firms skip testimonials entirely rather than build that. This is the console that builds it for you.

Reviewer verificationAutomated screeningYour sign-offAudit chainExaminer export

$40 per advisor seat, per month. Less at volume.

How a review becomes a record

Five stages. A person signs off at the one that matters.

A review does not move forward because a model said it was fine. It moves forward because someone at your firm decided it should, and the console can prove when.

  1. 01
    Reviewer verifies

    The client submits, then confirms from their own inbox. An unverified submission never reaches your queue, so the record shows a real person behind every review.

  2. 02
    Advisor confirms

    The named advisor confirms the person was a client, or declines. A declined review stops here and stays in the log.

  3. 03
    Automated screening

    The review is read against seven Marketing Rule categories. Each finding comes back as a quoted span, a rule citation, a severity, and a plain explanation.

  4. 04
    Your compliance decision

    A person at your firm approves, rejects, or redacts. Nothing publishes on the screener's say-so. The decision, the actor, and the timestamp are all recorded.

  5. 05
    Immutable archive

    Approved or not, the review and every event attached to it are retained with a hash chain you can hand to an examiner.

Automated screening

What the screener reads every review for.

Seven categories, each tied to the rule it comes from. A finding is never just a flag: you get the exact quoted span, the citation, a severity of low, medium, or high, and an explanation you can put in front of your compliance officer.

This is a first pass, not a sign-off. The screener narrows what a person has to read closely. Approval always rests with someone at your firm, and the log records who that was.

  • Testimonials: language that functions as an endorsement without the disclosure the rule attaches to it.
  • Guarantees: promises of a result, express or implied.
  • Performance claims: returns, rankings, or numbers that carry their own presentation requirements.
  • Misleading statements: claims a reasonable reader could take as more than the facts support.
  • Personal information: account numbers, balances, addresses, and other detail the client did not mean to publish.
  • Profanity: language you would not want beside your firm name.
  • Third parties named: other people identifiable in the text who never agreed to appear.
For your compliance file

The part that matters when someone asks.

Twenty-three kinds of event are written to an append-only log: submissions, verifications, screenings, decisions, redactions, exports, and every settings change. Reading the forensics is itself logged.

One-click examiner export

A zip with a cover sheet, every review with its disclosures and timestamps, the full audit chain with hashes, the screening reports, and a manifest carrying the SHA-256 of each file.

  • Disclosure on every published review: whether the reviewer is a client, whether anything of value was given, and the conflicts that come with it, attached to the review rather than buried in a footer.
  • Nothing is deleted: a withdrawn or rejected review stops being public and stays in the record, which is what a books and records obligation actually asks for.
  • Redaction without destruction: cut a span that names a third party or exposes account detail, and the original, the edit, and the person who made it all remain in the chain.
  • Expiry you set: reviews age out on your schedule instead of standing as current advertising forever.
  • Roles, not a shared login: advisors, compliance officers, and firm administrators each see and do different things, and the log names the individual.
Your firm, out front

Your name and logo on everything a client sees.

Set your display name, upload your logo, and pick your color. Every page a client lands on and every email they receive carries your firm, not ours. Replies route to your compliance address.

  • Display name: emails arrive as your firm, sent through FiduciaryCheck.
  • Logo and color: PNG, JPEG, or WebP up to 512 KB, plus a hex color applied across the reviewer experience.
  • Your reply-to: a client who answers an email reaches your compliance contact directly.

One line stays, on purpose.

Every branded page and email carries:

Verified and archived by FiduciaryCheck

That line is the product. A testimonial your own firm collected, screened, and published is a testimonial your firm vouches for alone. This one says an independent party held the record and can produce it. Removing the attestation would remove the reason it carries weight, so it is not an option we sell.

Reviews stay hosted with us. There is no separate domain to configure or maintain.

Pricing

One seat per advisor being reviewed.

Seats are counted by the advisors you collect reviews for, not by how many people log in. Compliance officers and administrators do not consume a seat. Annual billing is ten months, so two are free.

Each band applies to the seats inside it, so adding a seat never reprices the ones below it. Set your seat count below to see the invoice.

Compliance officers and administrators do not use a seat.

$375 per month

or $3,750 a year, which is ten months, so two are free.

How the total splits across the graduated seat bands
BandSeatsEachSubtotal
First 5 seats5$40$200
Seats 6 to 205$35$175
Seats 21 and up0$30$0
Total10$375

Each band applies only to the seats inside it, so adding a seat never reprices the ones below it. Rates run $40, $35, $30 per seat per month as your firm grows.

  • Everything is included: screening, disclosures, the audit chain, redaction, and the examiner export. There is no compliance tier to upgrade to.
  • Change seats when you need to: add or remove advisors through the billing portal and the charge follows.
  • Card on file, charged at signup: you enter a card on the next screen and are billed for the seats you chose.
  • If a payment fails: you get a 14-day grace period, then the console goes read-only. Your records stay readable and exportable. Nothing is deleted.

Already a Fiduciary Check member? You may already have this.

The console is included with Plus and Studio memberships, and with Plus firm plans, at no additional charge and with no seat purchase. Basic memberships do not include it. Sign in and open Compliance from your account.

Fiduciary Check provides review collection, screening, and recordkeeping tooling. It does not provide legal or compliance advice, and the automated screener does not substitute for your firm's own review under SEC Rule 206(4)-1. Your compliance officer decides what is published.