Foreside Acquires Capital Markets Compliance | Company & Finance

PORTLAND, Maine–(Company WIRE)–Jan 26, 2021–

Foreside Money Team, LLC (“Foreside”), a company of governance, risk administration, and compliance provider and know-how choices to shoppers in the worldwide asset and prosperity administration industry, these days declared that it designs to receive Money Markets Compliance (CMC), a leading compliance, consulting, and FINOP apply.

Karen Alvarez (Image: Company Wire)

Started in 1999 and primarily based in Atlanta, CMC serves fiscal expert services corporations that provide securities merchandise by total-services brokerage functions, investment banking, and expenditure advisory expert services. With a comprehensive suite of companies and technologies methods, Foreside will integrate CMC’s proprietary know-how into its platforms. As component of the acquisition, CMC’s running crew of Karen Lopez Alvarez and Rick Alvarez, along with 13 workforce, will be part of Foreside.

“We are happy to reveal our continued development with the acquisition of CMC,” said David Whitaker, President of Foreside. “Their highly regarded and profitable apply complements our FINOP, Broker-Supplier, and Expense Advisor consulting enterprises, expands our accounting and economical support capabilities, and augments our present tech remedies to offer a dependable high quality of shopper support and market skills that we carry on to enrich as a result of these forms of acquisitions.”

“We’ve been approached in the past with acquisition opportunities and were being seeking to scale the enterprise, but were being striving to obtain the appropriate match, depth of expertise, and intrinsic awareness of our field,” claimed Karen Lopez Alvarez. “We feel we have observed the fantastic lover in Foreside whose customized service product and technologies matches ours, and whose operational strength will assist relieve the day-to-day duties and allow us to greater target on rising the enterprise.”

For Foreside, which is the vast majority-owned by PE business Lovell Minnick, CMC is its fifth acquisition due to the fact 2019. Foreside earlier obtained ICSGroup, a regulatory compliance providers business serving the asset administration industry (November 2020) Quasar Distributors, U.S. Bancorp’s mutual fund and exchange-traded resources (“ETFs”) distribution business enterprise (March 2020) Compliance Advisory Companies, a primary regional compliance firm (in Oct 2019) and NCS Regulatory Compliance, a complete supplier of outsourced compliance and regulatory services (January 2019).

Financial conditions of the transaction have been not disclosed.

About Money Marketplaces Compliance

Capital Markets Compliance ® (CMC) specializes in giving regulatory guidance for money provider firms that give securities merchandise by way of comprehensive support brokerage operations, financial commitment banking, and expense advisory providers. CMC is recognized as a chief in compliance & accounting for financial service firms and a dependable advisor to the financial marketplace for a lot more than 21 yrs. CMC presents an array of compliance and accounting provider solutions designed to assist enhance business enterprise functionality. CMC delivers a detailed suite of expert services centered on their clients’ individual needs, which also incorporates assistance with regulatory membership programs, these kinds of as Broker-Supplier FINRA, SEC & MSRB and Expenditure Advisor Point out and SEC.

About Foreside Economic Group

Foreside delivers in depth tips and best-in-class know-how methods to clients in the global asset and prosperity management industries. Foreside distributes far more than $1 trillion* of solution by way of their 17 confined goal broker-sellers. For 15 yrs, Foreside’s suite of providers and system-centered product have aided automate and simplify compliance and advertising and marketing for consumers. Foreside performs with pooled expenditure solutions, financial commitment advisors, broker-dealers, world-wide asset administrators and other financial establishments.

By harnessing state-of-the-art technologies, Foreside aids companies address and form today’s regulatory environment, travel operational performance and development, and focus on value-introducing perform. Foreside is headquartered in Portland, Maine, with a lot of regional workplaces, including New York and Boston. For additional data on Foreside’s suite of expert services, be sure to stop by

Keyword: UNITED STATES NORTH The united states MAINE

Business Search phrase: Program FINANCE CONSULTING BANKING Information Administration Specialist Providers Technologies Safety

Source: Foreside Money Group, LLC

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PUB: 01/26/2021 10:19 AM/DISC: 01/26/2021 10:19 AM

Copyright Company Wire 2021.