To keep a business at ease and within the bounds of the law, firms need experienced and diligent Chief Compliance Officers (“CCOs”). At MAH Advising, we offer talented, industry-experienced CCOs that will quickly become an integral part of your organization, whether on an interim or permanent basis.
A client base of disaffected clients grew weary of the disinterested, noncommittal, template-based, billing hourly compliance consulting model. Traditionally, these legacy providers issued generic advice following public filings by the SEC, only to disappear when it came time to explain or implement policies to financial institutions or regulators. In designing our full-service compliance officer outsourced solution, we wanted to offer complete accountability, fixed costs, and full engagement on our end.
Outsourcing CCO Services
As regulation continues to expand at a rapid pace, firms should have policies and personnel up to date, so that they can maintain growth, protect clients, and comply with SEC, FINRA, and CFTC requirements. Broker-dealers and investment advisors can benefit from MAH Advising’s proactive compliance solutions, which include custom-tailored compliance solutions.
When you work with MAH Advising, you’ll always be able to access professionals who have extensive experience no matter what solutions you’re seeking from outsourced CCOs. In many cases, CCO outsourcing includes leveraging the expertise and experience of firms like Vigilant so that existing employees can be utilized for other tasks. You can use MAH Advising’s experience rather than building a cost center, which is far more cost effective.
MAH Advising’s role as CCO is to:
- Assisting with CCO compliance according to SEC or state regulation requirements
- Conducting correspondence reviews both inbound and outbound
- Testing and risk assessment
- Conducting reviews on-site as well as remotely
- Conducting a review of new accounts
- Reviewing your marketing strategy
- Reviewing compliance programs
- Assisting you in responding to SEC and/or state regulator examinations and information requests
- Reviewing trade agreements
- Maintaining an ongoing reporting system for violators and make recommendations for corrective action
- Supporting SEC, state, and regulatory examinations and compliance matters
- Ensuring that a thorough compliance program is developed and maintained
- Complying with policies and procedures according to test results
- Completing all regulatory filings
- Continue to provide consulting services
- Providing Regulatory Alerts and Updates
- Providing training to employees
MAH Advising Take a Different Approach:
RIAs of every size and shape have employed MAH Advising’s consulting staff as Chief Compliance Officers and Compliance Officers. You get all the knowledge and experience of several consultants when you hire just one. In order to be effective, MAH Advising stays on top of all proposed and updated regulations, ensuring that your firm is in compliance with all regulations, both proposed and final. Our news and updates are filtered by regulatory requirements to find the ones you need to know.
Why You Need CCO Outsourcing for Your Firm
Your compliance department plays an important role in the management structure of your company, according to regulators. Regulations and legal obligations are becoming increasingly complicated every year. In the pace of rapid changes to rules and reporting, your firm will be put at risk for noncompliance.
We at MAH Advising are ready to help your investment adviser or broker-dealer to implement procedures that will ensure compliance and protect your firm’s culture and growth.
MAH Advising’s pool of talent of compliance professionals includes industry leaders. In addition to developing new compliance policies, modifying or testing existing systems and procedures, ensuring team leadership to inexperienced compliance personnel, and preparing for upcoming changes can all be accomplished with an outsourced CCO.
Disclaimer: We are consultants, not lawyers, this is not legal advice. We work with the top law firms when the practice of law is required.