AI Gives Advisors a Reason to Keep Records Longer

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III. AI Gives Advisors a Reason to Keep Records Longer

Archive Intel (Fund IV)- While the SEC’s Books and Records Rule (Rule 204-2) requires investment advisers to keep client records for at least five years, many firms historically deleted data soon after that minimum period. However, the rise of AI-driven analytics is changing this practice: advisory firms are realizing that retaining longer histories of client communications and records can improve AI models, generate better insights, and enable more predictive recommendations. With data storage costs falling, keeping older data is no longer expensive, and industry leaders say the richer historical datasets can meaningfully improve AI-powered advice and prospecting tools. As a result, firms may increasingly keep client records well beyond regulatory minimums, though decisions will vary based on how firms plan to use AI and how they manage data security and compliance.

AI gives reason for advisors to keep client records longer than SEC requirements

The long-standing practice of deleting client records after the SEC’s five-year mandate may be losing relevance as advisory firms seek to retain data for AI-driven insights.

www.investmentnews.com/transformation/ai-gives-reason-for-advisors-to-keep-client-records-longer-than-sec-requirements/266284

II. Frec Crossed $1B in Assets

Frec (Fund IV) The firm has surpassed $1 billion in assets on the platform. The company now has multiple products including their popular direct indexing offerings. With the popularity of products from AQR for tax aware investing, Frec has seen a lot of popularity in their suite of offerings including their Diversify product which allows you to bring your concentrated stocks and transition them into a diversified index for minimal tax impact.

We’re very excited to share that Frec has now surpassed $1 billion in customer assets on the platform. 🚀🚀🚀 The speed of compounding is truly astounding. It took us one year to reach our first $100 million, another year and a bit to get to $550 million, and less than four months from there to reach $1 billion. And here’s the most surprising metric: we added more than $80 million last week alone. We always had conviction, but to the rest of the world, this milestone marks the moment Frec goes from “there’s something here” to “that is a real business.” We’ve crossed the chasm. Tax-aware investing delivered directly to customers is here to stay. We’re deeply grateful to the thousands of customers who placed an enormous amount of trust in us. And I’m also lucky to be working alongside an incredible team that brings so much grit, customer obsession, and passion to our mission every day. $10 billion and beyond, here we come! PS - We’re hiring backend and frontend software engineers, quant researchers, and quant developers. Read more about these roles on our careers page linked below. | 33 comments on LinkedIn

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LISTENING & Watching

III. Superlative Podcast Episode 8: Matt Ober, Social Leverage

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II. Cashtag Awards at the NYSE this Week!

You don’t want to miss out on the biggest night of finance with @howardlindzon 🤩 Who’s taking home Cashtag of the Year? Join us at the NYSE on May 4th for the 2026 Cashtag Awards presented by @polymarket to find out! Get your tickets at the link in bio 🔗 | Stocktwits

www.facebook.com/Stocktwits/videos/you-dont-want-to-miss-out-on-the-biggest-night-of-finance-with-howardlindzon-who/987417313618920

I. Beehiiv MCP V2 Releases!

introducing beehiiv MCP v2 — the analyst who never sleeps just got promoted 🤖 > free for every beehiiv user, no waitlist > create segments with a single prompt > full access to podcasts, automations, surveys, referrals, and more > deeper insights, zero dashboards best part? sets up in 2 minutes. you're welcome.

Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.

AI Gives Advisors a Reason to Keep Records Longer

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