Outsourcing Solutions
Mainstay Capital Markets Consultants, Inc. can provide your company with professional and cost effective alternatives to maintaining or developing a full time compliance staff.
Outsourcing allows your staff to focus on your core business and bottom line.
Mainstay provides a comprehensive outsourcing solution designed to promote efficiency and enhance your firm's business. We combine the expertise of our consulting staff with an affordable fixed monthly fee. Our staff offers the knowledge and experience that has been acquired during successful careers at the SEC, FINRA, Broker Dealers, Investment Advisors, and Banks. Simply choose the level of service you want, and allow your staff to focus on growing your business.
The Financial Services Industry currently faces strategic and competitive challenges as complex regulation and requirements evolve. These regulations and requirements place tremendous demands on Investment Advisors and Registered Representatives. We understand that Broker/Dealers, Investment Advisors and Registered Representatives are professionals who are trying to do a very difficult job under difficult circumstances. These difficulties come in many forms including an ever-changing regulatory environment, less than cooperative markets, a litigious plaintiff’s bar, and a demanding client base with high expectations. We believe our role is to provide the guidance and services that enhances and protects our client's businesses. We are committed to working closely with each of our clients and pride ourselves on developing long lasting relationships.
Contact us and we will provide a proposal based on the size, scope and complexity of your operation.
Investment Advisor Service Menu
KEY COMPLIANCE FUNTIONS – OUTSOURCED
|
|
I.ANNUAL
TESTING OF BUSINESS CONTINUITY PLAN
ADVISORY BILLINGS
COMPLIANCE REVIEW
Initial/Annual Code of Ethics Certification
Compliance manual -review adequacy of policies and
procedures; include review of any regulatory
or firm audits
BEST EXECUTION/BROKER SELECTION PRIVACY
PRIVACY
Review of privacy safeguards
Annual delivery of privacy statement
CUSTODY COMPLIANCE
Custody Compliance - Firm
Custody Compliance - Individual
INSIDER TRADING
ADV
ADV - Parts 1&2
Annual offer of ADV & Schedule H Brochure
AML
AML Training
REGISTRATIONS
Check state notification requirements for IAR
Check RIA registration in states
Renew registration of firm & representatives
II.QUARTERLY
FORM FILINGS
13F, 13d, 13g
CLIENT ACTIVITY
Check for annual review of client suitability
Review performance reports
Check for activity matching investment
objectives/restrictions
Terminated accounts
FINANCIALS
Review checks/securities
Trial balance
ELECTRONIC STORAGE
Review storage methods; back-up system
|
|
III.MONTHLY
CORRESPONDENCE
ACCOUNT ACTIVITY
Review statements for custody reconciliation
FINANCIAL
Reconciliation of bank statements
Check bills/statements
Financial Records -general ledger
IV.DAILY
TRADES/TRANSACTIONS
Check order tickets; review trades
V.INITIALLY
INITIATION OF ADVISORY RELATIONSHIP
Check state registration
Delivery of disclosure documents
Suitability documentation
AML documentation Written Agreement
Delivery of Privacy Policy
EMPLOYEE INITIAL CERTIFICATION (COMPLIANCE)
INITIAL CODE OF ETHICS CERTIFICATION
VI.EVENT DRIVEN
CUSTOMER COMPLAINTS
TRADE ERROR REVIEW
AML SUSPICIOUS ACTIVITY REPORTS
ADVERTISING/COMMUNICATION WITH PUBLIC
GIFTS & ENTERTAINMENT
OUTSIDE BUSINESS
LIST OF ACCESS PERSONS
FORM FILINGS -13d, 13g, 13f
CHANGES IN DOCUMENTS
Compliance Manual
Code of Ethics
Disclosure Documents
Written Agreements
|
Access to Compliance On Call's Service/Information Desk (Call In Service)
Discount on Consulting Services Through Mainstay Capital Markets Consultants, Inc.