“Our flagship strategy returned 18.4% gross of fees in 2025.”
Net not shown alongside: 14.7% after fees
Redan builds the record as you review marketing, vet vendors, and run training. Every decision is linked to its evidence and every approval to its reasoning. When the SEC letter arrives, the record is already complete.
Written once, never edited. Every record carries its own fingerprint.
- Gross of fees
- 18.4%
- Net of fees
- 14.7%
Approved for use provided the net-of-fees figure is presented alongside the gross figure, with equal prominence.
Sealed to its Blue Folio
“Our flagship strategy returned 18.4% gross of fees in 2025.”
Net not shown alongside: 14.7% after fees
Approved for use provided the net-of-fees figure is presented alongside the gross figure, with equal prominence.
Sealed to its Blue Folio
Your compliance stack records THAT you approved it. We record WHY.
A Reviewer at Crescent Magnolia Holdings, a sample firm, opens a claim that marketing backed with an ESG report. The Reviewer reads marketing's note, opens the report, and writes a note to send the claim back: describe the Impact Score as an internal, unaudited measure, and drop 'ensures' and 'every'.
One Blue Folio™. Every product writes to it.
The calendar and the logs come with every line, and both write to the same Blue Folio. Each line a firm adds files into what is already there.
- Compliance CalendarEvery deadline the firm owes, each with its own page, an owner and reminders. A log entry sets off its follow-on tasks.
- LogsThe violation log, the incident log and the outside business activities log, with every version and dated note kept, exported to the Blue Folio.
- The Blue FolioEach line’s work sealed into the record as it happens, with the evidence and the reasoning beside it.
- Unlimited usersFlat per firm. Everyone who touches compliance, with no seat count.
Every line, one Blue Folio underneath.
When each tool holds one piece, one event becomes five tasks in five systems. In Redan it runs through every line it touches and ends sealed in the Blue Folio.
Tuesday, 06:00 · Crescent Magnolia Holdings, a sample firm
- 06:00ClaudeThe SEC publishes a risk alert. Ask in Claude what changed since Friday, and it’s there with the link.
- 06:04OversightRead against every section of the firm’s policies. Each finding tied to its clause.
- 07:00OversightIn the morning brief, with the one deck in review it touches.
- 09:20Help deskThe policy edit drafted in Claude from the firm’s own text.
- 09:45MarketingThe deck in review flagged against the new guidance, with a fix for the slide.
- 10:30TrainingEveryone the change touches retrained, and attested to the new version.
- 10:31Calendar and logsThe change, who signed it off and when, on the record.
6 lines, 7 steps, one Blue Folio. Nobody re-keyed anything.
The Blue Folio, complete.
The firm is a specimen. The hash is not.
Everything builds toward the Blue Folio: a complete, organized record ready for examination. When the examiner arrives, it’s minutes of handoff, not days of reconstruction.
Crescent Magnolia Holdings does not exist. The bytes do: this is the exact record sealed below, the claim, the evidence and the determination together, and your browser is about to hash it in front of you. Change one character in the record and the seal breaks.
See a sample Blue FolioCrescent Magnolia Holdings, 2026
Net not shown alongside: 14.7% after fees
| Period | Gross of fees | Net of fees |
|---|---|---|
| 2025 | 18.4% | 14.7% |
Approved for use provided the net-of-fees figure is presented alongside the gross figure, with equal prominence, on the same page and in the same type size. Reviewed against the firm's marketing policy and the composite the claim cites.
The SEC isn’t looking for one finding. It’s building a picture.
Since the 2022 Marketing Rule, SEC examination has become more systematic. Examiners aren’t arriving with a single focus area. They build a pattern from what they find across marketing, vendor oversight, and training. Every undocumented decision is a data point.
The firms that answer without scrambling built the record before the letter arrived.
Cybersecurity course
Training, and documentation of attendanceFund administrator review
Service providers and the services they performGifts and entertainment, v3
Compliance policies and proceduresQ2 investor presentation
Advertisements and marketing materialsClient testimonial, website
Testimonials and endorsements
The exam letter
Build your defense.
Every claim documented. Every approval reasoned. The record is already complete.