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Foreside Acquires Compliance Advisory Services to Expand Compliance and Regulatory Services Offerings

PORTLAND, Maine – October 14, 2019 – Foreside Financial Group, LLC (“Foreside”), a provider of
regulatory and compliance service offerings to clients in the global asset management industry, today
announced its acquisition of Compliance Advisory Services (“CAS”), a leading regional financial institution
consulting firm.

The acquisition expands Foreside’s footprint in the U.S. and captures additional market share. The firm
already enjoys a national presence, headquartered in Maine with offices in New York, Boston, Berwyn
and Columbus, Londonderry, Concord, and Delray Beach.

“At Foreside, we’re committed to putting our clients first. This opportunity to partner with CAS allows us to
work together to expand our comprehensive regulatory and compliance suite of service offerings as well
as maintain a structured business model and point of contact for all CAS clients,” said David Whitaker,
President of Foreside. “This acquisition is a fundamental step in a series of roll-ups that will keep us at the
forefront of the regulatory consulting landscape. It gives us the opportunity to expand our wide-range of
partnership offerings to a diverse range of clients. We are eager to work beside fellow expert compliance
professionals to provide world-class service for clients while reaching our growth goals.”

The acquisition will introduce Foreside’s various compliance consulting solutions, including proprietary
compliance technology to all current CAS clients. Further, the partnership will consist of a combination of
Foreside’s financial services solutions, personalized service models, and an all-inclusive partnership
program.

“We are deeply excited to be working alongside the Foreside team and feel Foreside is well-positioned to
continue providing in-depth compliance service offerings to our clients,” said LaVerne White at CAS. “Not
only will this partnership allow our clients’ needs to be met in a more holistic capacity, but it will also offer
an expansive level of support from a leading compliance firm. We feel confident Foreside will maintain the
same level of professional expertise and precision we at CAS have strived to provide to our clients for
over 25 years.”

A nationally recognized regulatory compliance consulting firm with a focus on Investment Advisors, CAS
works to provide their clients with extensive regulatory and compliance offerings designed to fit their
needs. In partnership with CAS, Foreside will continue to offer these comprehensive service packages,
will maintain the dedicated consultant model that characterizes CAS’s hands-on consulting approach, and
will introduce its proprietary compliance technology to further streamline their clients’ management of
regulatory obligations.

About Foreside
Foreside delivers best-in-class technology solutions and comprehensive advice to clients in the global
asset management industry. We distribute more than $1 trillion of product through our 20 limited purpose
broker-dealers. For 15 years, our suite of services and platform-based model have helped us automate
and simplify compliance and marketing for clients. We work with pooled investment products, investment
advisors, broker-dealers, global asset managers and other financial institutions.
By harnessing state-of-the-art technology, we help firms address and shape today’s regulatory
environment, drive operational efficiency and growth, and focus on value-adding work. Foreside is
headquartered in Portland, Maine with numerous regional offices, including those in New York and
Boston. For more information on Foreside’s suite of services, please visit www.foreside.com.

About Compliance Advisory Services
Compliance Advisory Services, LLC. (CAS) is a nationally-known regulatory compliance consulting firm.
CAS has long provided authoritative and practical advice in compliance matters and other important
issues facing financial institutions. CAS’ clients range in size from small community institutions to
multibillion-dollar regionals. The firm’s consulting staff possess two common traits: excellent knowledge of
regulatory requirements and finely-tuned comprehension of the financial industry.

 

Media Contact:
Emma Clarke for Foreside
foreside@fullyvested.com
917 765 8720

 

 

 

PDF of press release here.