Over the past 2+ years, we’ve gotten quite a few questions that all boil down to a simple ask: Why COMPLY?
Prior to late 2021, ComplySci, RIA in a Box, NRS, and illumis were individual, well-known, and respected companies within the regulatory compliance space, each serving a unique use case and providing a set of selected solutions.
But a new possibility arose, one which begged the question: What if we could do more? Be more? Solve for a broader scope of compliance challenges? Make compliance manageable for firms large and small?
After all, two (or four) is better than one.
In this blog, we’ll explore why these industry titans came together to form COMPLY and what the industry can expect from the leading compliance solutions and services provider.
Bringing Together ComplySci, RIA in a Box, NRS, and illumis
Each company brought with it its own legacy and its own distinguished reputation:
- ComplySci: Known for its depth of employee compliance solutions, including employee trade monitoring, Control Room, outside business activities, and more
- RIA in a Box: The leading provider of compliance program management and operational software to wealth managers and investment organizations, with specific expertise in SEC and state registration support
- NRS: An organization with decades of experience providing the premier consulting and education services for financial services professionals
- illumis: The leading solution for political contribution tracking and monitoring, with data ingested directly from states, localities, and jurisdictions
With such in-depth acumen in each of the organization’s respective areas, the next phase of evolution was obvious: bring together our technological and regulatory expertise, offerings, and capabilities to provide financial service organizations with configurable solutions and services offerings that meet the unique risks and compliance challenges felt by private equity firms, hedge funds, broker-dealers, registered investment advisers, investment companies, and more.
And thus, COMPLY was created.
The Combined Power of COMPLY: Solutions, Services, and Education
So, what exactly does COMPLY offer? How do we support our clients? And how do we continue to evolve?
As COMPLY’s Chief Regulatory Services Officer Jamila Mayfield put it, COMPLY is a thought partner. Meaning, we don’t just offer out-of-the-box services and solutions for today’s challenges. We evolve with firms, we provide ongoing support, and we truly partner with our clients to help them navigate the evolving regulatory landscape…from day one onward.
But, let’s get a little more specific. And the natural place to start? Where firms start:
Registration Services
Our in-house experts have supported thousands of firms in their registration journey. We take the regulatory side, so you can focus on the business side.
- SEC registration
- State registration
Comprehensive Compliance Program Management Technology
Technology provides a backbone for your compliance program. While the ins and outs of that technology solution will depend on your firm’s size, risk profile, firm type, and more, ensuring you have programmatic systems in place to support day-to-day as well as broader strategic compliance initiatives is critical to maintaining comprehensive compliance.
Employee Compliance: Arming compliance teams and end-users with solutions and services to streamline and manage day-to-day compliance tasks
Firm Compliance: Empowering CCOs with solutions and services to ensure their firms are always on top of new and changing regulatory requirements
- Integrated Compliance Program Management backed by a comprehensive compliance calendar
Third-Party Compliance: Ensuring the vendors firms choose to partner with meet both internal and regulatory requirements
Expert Consulting and Services
You don’t know what you don’t know. But the good news? There are compliance experts who do. Our consulting and services team is made up of industry professionals with decades of experience serving as former CCOs, regulators, lawyers, and more. So, you can trust us to ramp up your regulatory compliance program and keep you above board and out of the regulatory crosshairs.
- Mock SEC Exams
- Mock Audits
- Compliance Program Reviews
- Regulatory Filings
- Annual Reviews
- AML Reviews
- Comprehensive Consulting Support
Managed Services and Outsourced Offerings
Let’s face it, many compliance tasks are onerous, time-consuming, and resource-draining. But they must still be done. Which is where COMPLY steps in, to take the burden off your team by managing critical daily tasks that allow you and your team to focus on the strategic big picture.
- Email Review
- Marketing and Advertising Review
- Code of Ethics Administration
- Political Contribution Administration
- Broker-Feed Maintenance
- Data Management Services
Ongoing Education
We know compliance is a field many professionals “fall into.” Which is why we make it our top priority to provide leading education and training resources for everyone from the compliance intern to the CCO.
- Investment Adviser Core Compliance Program – co-sponsored by the Investment Advisers Association and intended to provide the core knowledge of the Investment Advisers Act of 1940 and associated rules
- Investment Adviser Certified Compliance Professional Program – co-sponsored by the Investment Advisers association and intended to provide advanced regulatory compliance knowledge and expertise. A recognized industry designation
- Additional trainings and resources
But the power of COMPLY goes beyond one singular solution. Our mission is to provide a comprehensive suite that enables firms to manage the day-to-day and make strategic, data-driven decisions based on the insights they can glean through our integrated platform.
And as the compliance landscape continues to evolve, COMPLY continues to innovate – providing new capabilities, enhanced offerings, and additional services and solutions to help our clients continue to comply with confidence no matter what regulatory curveball gets thrown their way.
Ready to learn more?