Foreside Success Story
Supporting an established Distribution and Registered Representative ("Rep") mutual fund client with distribution, sales material and advertising, Rep licensing and compliance.
Foreside was given the opportunity to compete for the distribution and Rep licensing & related compliance services of a large and established mutual fund complex. The fund complex was working with an established firm but found that the resources required for their compliance needs had outgrown the then provider's compliance and service capabilities.
Foreside was diligent in providing information on its service capabilities, a time-line for enactment that was predicated upon a quickly closing window of opportunity and the commitment of management and staff personnel to facilitate the varied compliance roles.
Foreside was able to provide distribution services to the fund complex, including sales material and advertising compliance to this valued client.
Foreside's compliance staff worked with the management team of the client to seamlessly transfer in excess of twenty (20) Reps over a year-end period; while keeping in mind the registered representative licensing compliance obligations, the cost of transfer and the reps daily business activities. The client was appreciative of the staff's solution to transfer Rep registrations in a manner that did not trigger excessive FINRA and state registration fees.
In addition, Foreside's compliance staff managed the sales material and advertising compliance transfer and oversight initiatives within the context of the client's migration to a new fund complex name, identity and fund marketing program. In doing this, the amount of sales literature review increased for FFS staff, while the staff continued to maintain the high-level of support to the then current roster of distribution related compliance clients.
For further information about Foreside's comprehensive range of fund compliance services, and how we can help a fund complex concentrate on core competencies, please contact:
RICHARD J. BERTHY
Partner, Foreside Financial Group, LLC
News
Jul 1 2008
Foreside is pleased to extend its existing service relationship with RMR Advisors, Inc. more
Jun 16 2008
Foreside welcomes the Allstate Financial Investment Trust as a new client of our firm. more
May 27 2008
Rich Berthy will assume the role of President, Foreside Financial Group, LLC from May 30th, 2008. more
May 07 2008
Foreside leases new office space in Columbus, OH to meet expansion plans. more
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Success Stories
Read about the successful experiences that our clients have had with our services.