April 21, 2024

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Foreside Acquires Capital Marketplaces Compliance

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PORTLAND, Maine–(Company WIRE)–Foreside Financial Team, LLC (“Foreside”), a provider of governance, threat administration, and compliance assistance and know-how offerings to customers in the world asset and prosperity management marketplace, today announced that it options to get Funds Marketplaces Compliance (CMC), a main compliance, consulting, and FINOP follow.

Started in 1999 and based mostly in Atlanta, CMC serves financial providers corporations that give securities goods as a result of entire-company brokerage operations, expense banking, and investment decision advisory services. With a in depth suite of services and know-how answers, Foreside will combine CMC’s proprietary technological know-how into its platforms. As portion of the acquisition, CMC’s managing group of Karen Lopez Alvarez and Rick Alvarez, along with 13 workers, will be a part of Foreside.

“We are very pleased to demonstrate our continued expansion with the acquisition of CMC,” mentioned David Whitaker, President of Foreside. “Their highly regarded and effective practice enhances our FINOP, Broker-Dealer, and Investment Advisor consulting businesses, expands our accounting and economic support capabilities, and augments our present tech options to offer a constant excellent of client service and field experience that we keep on to increase via these varieties of acquisitions.”

“We’ve been approached in the past with acquisition chances and ended up wanting to scale the organization, but were striving to obtain the correct suit, depth of expertise, and intrinsic know-how of our business,” explained Karen Lopez Alvarez. “We sense we’ve discovered the fantastic companion in Foreside whose tailored service model and technologies matches ours, and whose operational toughness will assistance alleviate the day-to-day duties and allow for us to improved focus on growing the organization.”

For Foreside, which is majority-owned by PE company Lovell Minnick, CMC is its fifth acquisition since 2019. Foreside earlier obtained ICSGroup, a regulatory compliance services company serving the asset management market (November 2020) Quasar Distributors, U.S. Bancorp’s mutual fund and exchange-traded funds (“ETFs”) distribution business enterprise (March 2020) Compliance Advisory Products and services, a main regional compliance firm (in October 2019) and NCS Regulatory Compliance, a comprehensive provider of outsourced compliance and regulatory products and services (January 2019).

Fiscal terms of the transaction had been not disclosed.

About Funds Markets Compliance

Cash Marketplaces Compliance® (CMC) specializes in supplying regulatory direction for money provider firms that offer securities products via complete company brokerage operations, financial investment banking, and investment decision advisory services. CMC is identified as a chief in compliance & accounting for economic company firms and a trustworthy advisor to the monetary market for much more than 21 many years. CMC delivers an array of compliance and accounting support remedies intended to help make improvements to organization functionality. CMC delivers a complete suite of expert services primarily based on their clients’ specific requirements, which also features guidance with regulatory membership purposes, these as Broker-Seller FINRA, SEC & MSRB and Expenditure Advisor State and SEC.

About Foreside Financial Team

Foreside provides in depth tips and very best-in-course technology remedies to purchasers in the worldwide asset and prosperity administration industries. Foreside distributes much more than $1 trillion* of solution by way of their 17 limited goal broker-dealers. For 15 decades, Foreside’s suite of providers and system-primarily based product have served automate and simplify compliance and marketing and advertising for clientele. Foreside is effective with pooled expenditure products, financial investment advisors, broker-sellers, international asset professionals and other economic institutions.

By harnessing point out-of-the-artwork know-how, Foreside helps companies address and condition today’s regulatory surroundings, push operational performance and growth, and target on price-including get the job done. Foreside is headquartered in Portland, Maine, with a lot of regional places of work, which include New York and Boston. For more information on Foreside’s suite of companies, you should pay a visit to www.foreside.com.

*as of 1/1/2021

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