Foreside Financial Group acquires NCS Regulatory Compliance

Foreside Financial Group, a provider of distribution and compliance services, has acquired NCS Regulatory Compliance.

By combining services, financial service clients will be able to access a one-stop shop for business processes. Together, they will be able to offer broker-dealer solutions, consulting services and adviser compliance.

In addition to accessing new solutions, the acquisition will give Foreside with an increased market share, proprietary technology, enhanced regulatory and SEC compliance services, senior-level leadership, and a larger geographic footprint, including offices in New York City.

NCS Regulatory Compliance was formed in 2015 through the merger of Regulatory Compliance and National Compliance Services. It provides more than 1,800 clients in the US registered investment adviser and broker-dealer markets with outsourced compliance and regulatory solutions

Its offerings include FINRA/SEC and state registrations, ongoing compliance support, annual reviews and mock audits, risk assessments, compliance manuals, FINOP services and financial accounting support and cybersecurity compliance, in addition to regulatory services.

Foreside president David Whitaker said, “We’re committed to providing our clients with a comprehensive and holistic set of solutions to streamline and increase revenue opportunities, as well as to quickly expand and launch new products, all in one place.

“In addition to best meeting our clients’ needs in the midst of an ever-changing regulatory landscape, NCS’s leading technology-enabled financial services compliance solutions, paired with their deep industry expertise, both complements and drives forward our strategic plan to grow our market position and broaden our breadth of services globally.”

The deal has come after a strong period of growth for Foreside, having received majority stake investments from Lovell Minnick Partners in 2017.

Foreside Financial Group offers the global asset management industry with a selection of broker dealer, consulting and outsourced business solutions. Its products include underwriting, advisor compliance, regulatory examinations, representative licences and others.

Copyright © 2019 FinTech Global


Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.