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Foreside in the News

Why the “Menu” for Investors Is Growing

Foreside was recently interviewed on the ETF Show sponsored by the NYSE.  Jennifer Hoopes, Senior Managing Director and General Counsel… Read More

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How Much Information do Reps Need to Get for New Accounts?

Foreside’s Alan Foxman, Managing Director, shares his insight with Financial Planning’s readers on how much information reps need to get… Read More

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SEC cites ‘vast majority’ of multi-branch RIAs for compliance defects

The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) published a risk alert on November 9, 2020, which discussed supervisory… Read More

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Foreside Acquires ICSGroup

In its fourth acquisition since 2019, Foreside bolsters its customized, tech-enabled governance, risk management, and compliance offering, especially with hedge… Read More

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Foreside’s Hoopes looks back over ‘interesting year’

ETF assets are on a roll and currently predicted to grow to USD50 trillion by 2030, driven by their improved regulatory status in the US, with the arrival of the ETF rule, and the rise of active funds, including the semi and non-transparent version. July saw the launches of actively managed ETFs exceed passive ETFs for the first time.

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Common Pitfalls in Advisory Billing Practices – A Focus on Fees and Expenses

To no one’s surprise, the topics of advisory fees, billing practices, and valuation continue to be at the forefront of Securities and Exchange Commission (“SEC”) exams this year.

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SEC ‘pay-to-play’ enforcement surge projected in 2021

It’s been a busy year in American politics, with a presidential race as memorable—for better or worse—as any in recent history. All that attention, all those choices, and all the emotion will translate into more political donations being made in the run-up to the Nov. 3 election.

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When Financial Technology Partners with Compliance

This summer, GeoWealth, financial technology and turnkey asset management platform (TAMP), announced a strategic alliance with Foreside Financial Group.

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Trends in Fund Companies’ AML Programs and SAR Filings

Anti-money laundering compliance officers (AMLCOs) often observe situations where their clients or partners may struggle with deciding whether to report suspicious activity in accounts where no suspect can be identified.

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RIA Leaders 2020: High touch, high tech

Foreside’s Mark Alcaide, Senior Managing Director, Consulting, shared his predictions on how higher levels of service will be the expectation as a lasting effect of the pandemic.

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Foreside Launches New Technology Solutions for Registered Investment Advisors, Broker Dealers, and Asset Managers

Products address Code of Ethics and personal account monitoring, best execution, education and training, advertising reviews, and cybersecurity PORTLAND, Maine… Read More

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Brokerages Push To Extend Delay Of On-Site Inspections

Foreside’s Jennifer DiValerio, Managing Director, Broker-Dealer Compliance, provided commentary around firms’ need to assess their risk and modify their oversight procedures as needed to bridge the gap until they can return to onsite supervision.

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‘Foreside 3(c)-1 Letter’ Offers Expanded Guidance from FINRA on Use of Related Performance for 3(c)-1 Private Equity Funds

Foreside is proud to have partnered with our clients to introduce the Foreside 3(c)-1 Letter, an interpretive guide offering a new level of transparency for institutional investors.

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State Street Fined Over Order Flow Disclosures

Foreside’s Stephen Murphy, Managing Director, Broker-Dealer Consulting,  provided commentary around FINRA, and the increased data available to regulators. 

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Featured in WealthManagement.com’s 2020 Mid-Year Outlook

Foreside is featured in wealthmanagement.com’s 2020 Mid-year Outlook.

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Foreside Shortlisted for Best Advisory Firm (Regulation and Compliance) for the HFM US Services Awards 2020

Foreside Financial Group, a leading provider of compliance and distribution solutions, is pleased to announce it has been shortlisted for “Best Advisory Firm (Regulation and Compliance)” for the HFM US Services Awards 2020.

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Covid-19: Six Considerations for Rethinking Distribution Models

While evolving regulations and changing investor behaviors have been significant over the past few years, nothing has been more powerful than the immediate disruption caused by Covid-19.

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SEC warns Form CRS falls short but doesn’t prescribe fixes

Earlier this week, the Securities and Exchange Commission warned investment advisers and brokers that they’re falling short on a new client disclosure that went into effect last month — but it didn’t say how to fix it.

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Call your compliance officer now, says Foreside director, as the ETF rule settles in place

Jim Nash, Director, Fund Officer Services, spoke at length with ETFExpress on the ETF Rule (6c-11), the compliance requirements, and what issuers need to know as the deadline approaches in December 2020.

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SEC Fires ‘Warning Shot’ on Retirement Plan Disclosures

Foreside’s Stephen Murphy, Managing Director, Broker-Dealer Consulting, provided his thoughts around the SEC continuing to hammer down on improper disclosures and when he thinks they will let up.

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BlueVoyant Partners with Foreside Financial Group to Deliver Tailored Cybersecurity Services

  [New York, NY – July 29th  2020] BlueVoyant, a global expert-driven cybersecurity services company, has announced a strategic partnership… Read More

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How the ‘Department of No’ Can Help Combat Racism

Legal and compliance teams play a critical role in promoting racial equity and fostering inclusion at the financial institutions where they work, consultants say.

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ETFLogic Webinar – Are You Ready For the ETF Rule?

Jim Nash, Foreside, Emil Tarazi, ETFLogic, and Jamie Gershokow, Stradley Ronon partnered with ETFLogic on their webinar discussing the new ETF rule. 

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Firms Take Microscope to Rev Sources in Reg BI Docs

Investors can now learn more about how their brokers and advisors make money — but the extent of their illumination may depend on the firms they choose for products and services.

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Mutual Fund to ETF Conversions

Foreside’s David Whitaker, President, was recently a  guest on The ETF Show via Asset TV.  David provided commentary on the… Read More

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Ameriprise’s Rev-Sharing Haul Ticks Up 3%

Foreside’s Stephen Murphy, Managing Director, Broker-Dealer Consulting, spoke with Ignites on Reg BI and conflicts of interest.

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Foreside Shortlisted for Best RegTech Solution for the HFM European Technology Awards 2020

Foreside Financial Group, a leading provider of compliance and distribution solutions, is pleased to announce it has been shortlisted for “Best RegTech Solution” for the HFM European Technology Awards 2020.

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Foreside Named a Finalist for Our Knowledge Center in the Compliance/Law Category for WealthManagement.com’s 2020 Industry Awards

Foreside Financial Group, a leading provider of compliance and distribution solutions, is pleased to announce it has been named a finalist in the Compliance/Law category for our Knowledge Center for the WealthManagement.com 2020 Industry Awards.

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GeoWealth and Foreside Financial Group Announce Strategic Alliance, Providing Advisors with the Infrastructure Needed to Launch an RIA Today

[Chicago — June 16, 2020] GeoWealth, a leading financial technology and turnkey asset management platform (TAMP), today announced a strategic… Read More

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Firms Scurry to Set Up Tech, Train Staff for Reg BI

  Firms are hurrying to review clearing firm documents, install operating systems and conduct staff training on Regulation Best Interest… Read More

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Security Measures Advisors Should Use to Protect Client Information

If there was ever an industry that’s required to protect data, it’s financial services. Customers rely on brokerages, advisors, accountants,… Read More

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Ignites Webinar: Reg BI Is Almost Here. Are You Ready?

  Kelli Haugh, Managing Director, Foreside, and Matt Radgowski, Market Strategist, Morningstar, partnered with Ignites on their Reg BI webinar. … Read More

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NICSA Webinar – Reg BI: Implementation & Implications

Stephen Murphy, Managing Director, Foreside, Dan Beckman, Head of North America Product of Columbia Threadneedle and Maria Gattuso, Principal, Deloitte… Read More

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Brinker to Build Direct-Indexing Program

The wealth management technology firm has posted listings for two new roles that will guide its forthcoming direct-indexing efforts. The… Read More

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How Can Financial Advisors Navigate the Compliance Maze?

Advisors must adhere to stringent demands of state and federal regulators. Regulations, too, are constantly evolving, adding layers of complexity… Read More

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Giving CCOs the Help They Need

The increased demands placed on chief compliance officers (CCOs) in a volatile market are creating regulatory risks that threaten to… Read More

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Is a paycheck protection loan reportable on my U4?

Foreside’s Alan Foxman, Managing Director, Consulting, provided commentary on the U.S. Small Business Administration’s Paycheck Protection Program loans and if… Read More

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Meeting the Reg BI Compliance Deadline Won’t Be Easy for Everyone

The nuances within the SEC’s Regulation Best Interest (“Reg BI”) as well as the current market environment may pose a… Read More

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Foreside Selects BackBay Communications as PR Agency of Record

BackBay Communications, an integrated financial-services public relations and content-marketing firm, today announced that it has been retained as agency of record by Foreside, a provider of technology-enabled regulatory and compliance consulting and fund distribution services to clients in the asset and wealth management, private equity, venture capital and hedge fund industries.

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Distributors Solicit Shops’ Aid to Address Compensation Concerns

Foreside’s Mark Alcaide, Senior Managing Director, Consulting, provided commentary on how funds can better stand out from their peers by offering products that are distinct from their competitors.

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SEC Probing Shops’ Disaster Responses

The Securities and Exchange Commission is probing how well firms’ business continuity plans have functioned so far during the Covid-19 public health crisis, one consultant says. As part of these exams, the Office of Compliance Inspections and Examinations has been requesting documents concerning firms’ business continuity, policies or guidance they’ve issued since the outbreak, unforeseen issues that arose when the business activated its plans and how well the plan addressed disruptions to services provided by third-party vendors.

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Is Your Business Continuity Plan Ready for SEC Scrutiny?

Foreside’s Lori Weston, Managing Director, Investment Advisor Consulting, was a featured guest speaker on TD Ameritrade’s advisor webcast last week. Find out why she urged advisors to update their existing plans concerning disaster preparedness, which is featured in Financial Planning.

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Here’s All the Docs We Want for Reg BI Exams

The Securities and Exchange Commission on Tuesday published a road map for firms to follow as they prepare for the Regulation Best Interest rule package. The rule will become enforceable on June 30, and the agency’s exam unit is planning to conduct its first wave of exams on those compliance programs shortly after, the regulator said in a Tuesday risk alert for broker-dealers. Those exams will likely last for 12 months.

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Foreside has been named top 10 hedge fund solution provider for 2020 by Capital Markets CIO Outlook

Investment managers are under constant pressure from evolving government regulations, reporting requirements and changing investor needs. Increasing cybersecurity and due diligence requirements add to the challenges managers must face. The financial services industry needs skilled professionals who have a nuanced understanding of compliance requirements, and technology that can support meeting those requirements.

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Covid-19 Could Push SEC to Delay Reg BI

The Covid-19 pandemic has thrown a wrench into some firms’ ability to comply with Regulation Best Interest in time for its June 30 compliance date, according to the Securities and Exchange Commission’s head examiner.

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Advisors Share Work-from-Home Client Servicing Strategies

Working from home amid a period of market volatility and coronavirus-induced uncertainty is adding to the client servicing challenges faced by financial advisors. FA-IQ reached out to advisors and consultants to share their strategies for providing an optimal client experience during these trying times.

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Could Coronavirus Disruptions Delay the Reg BI Compliance Deadline?

With the coronavirus disrupting the normal operations of the broker-dealer industry, there is cause to wonder if firms could get a reprieve from the June 30 compliance deadline set for the SEC’s Regulations Best Interest. Find out what Steve Murphy, Managing Director of Foreside’s Broker-Dealer Consulting area had to say about a firms’ ability to implement Reg BI and meet the requirements of the rule.

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Hedge Fund Diligence Questions Skyrocket During Coronavirus

Hedge fund managers and allocators are settling into a new reality brought on by the novel coronavirus, COVID-19, including working from home and video conferences. But the moment also has raised due diligence questions around numerous business practices, including continuity plans, liquidity terms, fundraising plans, and keeping track of remote work should regulators come asking after the pandemic ends, experts say.

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Foreside featured in Private Funds CFO

Foreside’s Craig Moreshead, Managing Director, Investment Advisor Consulting; recently provided commentary on OCIE inspections, specifically with the impact of the coronavirus.

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IAA Compliance Corner – Form CRS Implementation Considerations

Foreside’s Kelli Haugh, Managing Director, Investment Advisor Consulting, was a guest columnist in the February edition of the Investment Advisor Association’s newsletter. Kelli provided practical guidance on the implementation of Form CRS, including filing and delivery requirements, formatting and content, conflicts of interest, disclosure requirements, policies and procedures, and wrapped up with conversation starters. Download this informative piece now!

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