Firms increasingly are turning to outside consulting support ahead of the Dodd-Frank SEC registration deadline

NEW YORK--(BUSINESS WIRE)-- Following the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, many investment advisory firms must register with the Securities and Exchange Commission (“SEC”) for the first time. A registered investment adviser (“RIA”) needs to have robust compliance procedures, controls and monitoring in place.

According to Kinetic Partners, a global professional services firm to the asset management, investment banking and brokerage community, many firms, both large and small, are opting to hire professional consulting firms to manage and run the compliance function, rather than recruiting someone internally in the compliance role. Thus, these RIAs are effectively outsourcing the day-to-day compliance function.

There are a number of significant advantages to this approach including; experience and expert knowledge of the rules and industry best practice, cost efficiency, and access to a large pool of industry experts. A consulting firm can manage the RIA’s compliance responsibilities, giving peace of mind to the internal person responsible for compliance that the firm’s policies, procedures, testing, record-keeping and reporting comply with SEC requirements and industry best practices.

“We are beginning to see a strong uptake in investment firms effectively outsourcing their day-to-day compliance function as we approach the SEC registration deadline in March 2012,” said Jonathan Saxton, Director at Kinetic Partners. “We provide firms with access to deep industry knowledge and are able to cater to a client’s specific needs, while also increasing efficiency and reducing costs associated with recruiting externally.”

About Kinetic Partners (www.kinetic-partners.com):

Kinetic Partners is a global professional services firm providing regulatory consulting & compliance, corporate recovery & forensic services, remedial, risk consulting & monitoring, tax and audit & assurance services to the asset management, investment banking and brokerage industries. Launched in 2005, Kinetic Partners has grown rapidly, and has a team of 120 professionals across its five offices in London, Dublin, Cayman, New York, Geneva and Hong Kong office due to open in late 2011. Kinetic Partners services over 1,000 clients, and has attained a reputation as the leading provider of professional services in its chosen market sectors.

CONTACT:

Spotlight Financial Marketing
For Kinetic Partners
Marc Weinstein, 212-521-5902
Marc.weinstein@spotlightfm.com
or
Spotlight Financial Marketing
For Kinetic Partners
P.J. Kinsella, 212-521-5902
Patrick.kinsella@spotlightfm.com

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