Regulatory Compliance Consulting for Independent Financial Advisors

In the ever changing and increasingly compliance-focused landscape of the Financial Services industry, it takes a great deal of time and effort to keep your organization in line with the regulations. In any sales-driven industry, time truly is money. Time spent on Compliance tasks is time not spent serving your clients. This can be even more frustrating when you consider that much of these Compliance tasks have nothing to do with your bottom line. However, what will affect your bottom line are penalties handed out by regulators for non-compliance. The rules apply to all firms, regardless of size, and ignoring them is simply not an option.

Efficient Compliance does not have to be a contradiction in terms. Our goal is to work with you to help you achieve a higher level of efficiency while minimizing your exposure.

How can we help?

Allow you to outsource time-consuming Compliance Related Tasks allowing you to focus on other things.

Mimic can assist with:
    • Business Continuity / Disaster Recovery Plans
    • Written Supervisory Procedures
    • Supervisory Control Procedures
    • Record Retention Solutions

Also available:
    • Mock Audits
    • Needs Analysis / Written Training Plans / Firm Element Training
    • Licensing Reviews

Are You in Compliance?

        • If you are not revising your written procedures at least annually - or – you are relying on an “off the shelf” prepackaged 
          solution, you are asking for trouble
        • If you do not have a realistic, accurate and tested Business Continuity Plan, you are risking the future of your business
        • If you rely on hard copy paper or out-dated, error prone tape back-up for your record keeping requirements, you need help.

Writing, updating and maintaining policies and procedures can be time consuming and difficult for small firms. At the same time, regulators are becoming increasingly critical of firms that use sub-standard and “off the shelf” programs and compliance products to meet their requirements. The penalties for having substandard policies and procedures can run into the millions of dollars and lead to being barred from the industry permanently.