Tuesday, 21 February 2017
Last updated 3 days ago
Aug 19 2014 | 11:09am ET
Northern Lights Compliance Services, which helps mutual funds, registered investment advisers and broker-dealers meet their compliance requirements, has expanded its operations to San Rafael, California.
With offices on each coast and in the Midwest, the firms says it is well-positioned to service its growing client base. Emile Molineaux, senior compliance officer at NLCS, will lead the new office in California.
“Northern Lights Compliance Services fulfills an important role within our organization by helping our clients ensure that they have properly structured procedures to comply with applicable regulations,” said Brian Nielsen, general counsel at the firm’s parent company, NorthStar. “The ongoing expansion of NLCS is a testament to the value of the cost-effective and time-efficient compliance solutions NLCS provides, which enable small and mid-sized advisers and broker-dealers to focus their efforts on growing their businesses and serving their clients.”
NLCS provides a deep bench of compliance professionals, including attorneys, CPAs, FINRA-licensed reps and experts in commodities and derivative securities. NLCS works as a team, where CCOs support and consult with one another and are assisted in their work by a well-trained staff. The firm’s CCOs also review and assess funds’ current policies and procedures, meet regularly with fund service providers, design written compliance programs for board approval, participate in all board meetings and conduct annual compliance reviews. NLCS provides CCOs for many of the mutual fund clients of its sister company, Gemini Fund Services.
“As the regulatory environment for pooled investment solutions becomes more complex, we will continue to provide the expertise and insight that investment advisers and their sub-advisers require to meet their funds’ objectives while complying with all state and federal directives,” said Mike Wagner, president of NLCS. “We look forward to providing cost-effective compliance assistance for more Gemini clients and third parties across the country through our newly acquired national presence.”