ACA Group Launches Dedicated Practice Group Providing GRC Solutions for Wealth Managers

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NEW YORK, March 21, 2024–(BUSINESS WIRE)–ACA Group, a leading provider of governance, risk, and compliance (GRC) solutions, is pleased to announce the launch of a new practice group specifically tailored to the needs of wealth management firms. ACA Wealth stands as a testament to the firm’s commitment to supporting wealth managers. ACA Wealth represents the culmination of ACA’s longstanding dedication to providing wealth managers with comprehensive solutions to navigate regulatory obligations and challenges while safeguarding against reputational and financial risks.

ACA recognizes that wealth managers face unique challenges, particularly in terms of resource availability. Wealth managers must balance regulatory obligations while serving the diverse needs of their clients, but some firms do not have the resources to manage their programs and keep pace with the regulatory burden. With nearly 2,000 wealth management firms already trusting ACA for their compliance, technology, and cybersecurity needs, ACA Wealth brings together a team of expert consultants with extensive experience serving the wealth management community.

Bolstering a legacy of serving wealth management firms for many years, ACA Group’s creation of ACA Wealth is a natural progression of its dedication to providing best-in-class solutions personalized to the compliance challenges faced by wealth managers. Over the past two years, ACA has significantly expanded its capabilities and talent pool through strategic growth opportunities, including the merger with Foreside, along with acquisitions of leading wealth management compliance firms including: Cipperman Compliance Services, Advanced Regulatory Compliance, Alaric Compliance Services, Hardin Compliance Consulting, Focus 1, and more. These acquisitions have enabled ACA to deepen its expertise and further enhance its ability to deliver comprehensive GRC solutions to the wealth management industry to launch, grow, and protect their businesses.

“We are thrilled to introduce ACA Wealth, a dedicated practice group focused on delivering comprehensive GRC solutions to wealth managers,” said Patrick Olson, Chief Executive Officer at ACA Group. “Our goal is to provide unparalleled expertise and tailored support to help wealth managers meet their regulatory obligations while simultaneously protecting their firms from potential risks.”

“I’ve had the pleasure of working alongside ACA’s experts for the past 13 years,” shares Greg McMurry, Chief Operating Officer of Rather & Kittrell, a wealth management firm in Knoxville, TN. “The ACA Wealth team has demonstrated exceptional expertise in compliance topics and has the tools and ability to provide us with solutions tailored to our evolving compliance needs. Their proactive approach, reliability, and commitment to helping us build and maintain a culture of compliance makes them an invaluable asset to our organization.”

Key offerings from ACA Wealth include:

  • Registration Services: Simplifying the complex and nuanced process of registering a new investment adviser, including support for transitions between state and SEC registrations.
  • Signature Compliance Programs: Providing comprehensive compliance solutions covering a firm’s primary compliance needs with options to add services including annual compliance reviews and outsourcing the Chief Compliance Officer role.
  • Mock Regulatory Exams: Offering mock exam programs designed by former regulators and compliance professionals to test a firm’s preparedness for regulatory scrutiny.
  • Outsourced Managed Services: Easing the compliance burden by working alongside a firm’s compliance officer, undertaking essential tasks such as electronic communications reviews, code of ethics evaluations, and regulatory filing support.
  • Cybersecurity Risk Assessments and Monitoring: Establishing essential cybersecurity measures to meet regulatory and investor expectations, with tailored solutions for wealth managers.
  • Regulatory Technology: Leveraging ACA’s ComplianceAlpha® RegTech solutions platform to streamline compliance tasks, administer employee certifications, and identify potential compliance violations.

“We understand that wealth managers require solutions that are not only comprehensive but also flexible enough to adapt to their evolving needs,” added Carlo di Florio, Global Advisory Leader at ACA Group. “With ACA Wealth, we offer a unique blend of regulatory compliance, managed services, cybersecurity, and technology expertise to provide peace of mind to our wealth management clients.”

For more information about ACA Wealth and its suite of services, please visit ACA’s website here.

About ACA Group

ACA Group (ACA) is the leading governance, risk, and compliance (GRC) advisor in financial services. For over 20 years, we’ve empowered our clients to reimagine GRC to launch, grow, and protect their business. Our global team of 1,250 employees includes former regulators and practitioners with a deep understanding of the regulatory landscape. Our innovative approach integrates advisory, managed services, distribution solutions, and analytics with our ComplianceAlpha® technology platform. For more information, visit www.acaglobal.com.

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