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RIA comparison

Cybersecurity compliance for RIAs

The SEC Reg S-P deadline is June 2026. Most RIA compliance tools don't cover cybersecurity as a core function. Here's how BlackSheep compares to COMPLY, SmartRIA, and Vanta for firms that need to pass an SEC exam.

FeatureBlackSheepCOMPLYSmartRIAVanta
SEC Reg S-P (full framework)
NYDFS 500 module
NIST CSF 2.0 mapping
DOL EBSA (ERISA)
FINRA Cybersecurity
Incident response with 30-day timer
Vendor risk management
Risk assessment workflow
Policy management
Domain security scanning
Cross-framework control mapping
Annual compliance report
Attack surface discovery (CTEM)
MITRE ATT&CK tactic mapping
OWASP passive security checks
Compensating control detection
Remediation tracking workflow
Security posture trend tracking
Price$249/mo$500-$2K+/mo$995+/mo$10K-$80K+/yr

BlackSheep vs. COMPLY

$500-$2,000+/mo

General RIA compliance operations — ADV filings, advertising review, email archiving. Cybersecurity is a secondary feature, not the core product.

BlackSheep vs. SmartRIA

$995+/mo

RIA compliance workflows with cybersecurity bolted on. Strong on compliance ops, but cyber modules lack depth — no NYDFS 500, no NIST CSF, no DOL EBSA.

BlackSheep vs. Vanta

$10K-$80K+/yr

GRC for tech companies. Strong on SOC 2 and ISO 27001. No SEC Reg S-P, no NYDFS 500, no FINRA, no DOL EBSA. Wrong audience for RIAs.

Built for SEC exams. Not adapted from something else.

SEC Reg S-P, NYDFS 500, NIST CSF, DOL EBSA, FINRA — all included. $249/mo. 14-day free trial.