| Outsourcing your CCO function to NCA Compliance provides your firm the expertise of a full-time independent compliance professional with strong SEC and private-sector experience. |
Outsourcing your Chief Compliance Officer Function
With the number of regulations increasing every year, it can be difficult for an investment advisor to stay on top of these changes and be compliant. Outsourcing your Chief Compliance Officer position to an independent compliance professional may be the solution. In doing so, your firm can benefit in a number of ways:
- Increased credibility – Bringing in an outside compliance expert sends a message to regulators and clients that your firm takes compliance seriously.
- Gain expertise and experience – Many registered investment advisors underestimate the level of expertise and experience needed to become and remain compliant. This is especially true due to the ever-increasing amount of regulations from the SEC and other regulators. Our principal, Hayley Nelson, has experience serving as an outsourced Chief Compliance Officer and may be able to lend her experience to your firm.
- Cost effectiveness – Outsourcing your Chief Compliance Officer function can be less expensive than hiring an employee as you avoid paying for benefits, vacation and sick time, and other costs that you normally would have to cover.
- Time management – By outsourcing your CCO job, you can also spend more time on other aspects of your advisor.
How NCA Compliance Can Help With Your Outsourcing Needs
Selecting the right consultant is critical as the SEC has expressed concerns regarding consultants who have infrequently visited registrants’ offices or conducted only limited compliance testing, training, or reviews of documents.
At NCA Compliance, we have both SEC and private sector experience. We can seamlessly join your firm and work on-site and off-site for an agreed upon number of days or months per year. More importantly, from the perspective of the SEC and your clients, we can be an effective CCO of your organization by maintaining strong communications with your firm and employees, providing adequate support, and having the experience and expertise necessary to help remain in compliance.