Outsourcing FINOP Services allows firms to focus on their core business, and
ensures accuracy and compliance in the financial department. Brokerage
Consulting Group offers a variety of financial services packages designed to
help firms comply with SEC and FINRA financial responsibility rules and
requirements. Our packages are flexible and can be tailored to meet your firm's
specific needs. We can do as little or as much as your firm requires.
A Brokerage Consulting Group professional can register with your firm as the
Financial and Operations Principal and perform all FINOP responsibilities, or
assist and review your FINOP's daily and monthly work. We routinely help new
firms establish a strong general ledger chart of accounts that serves as the
backbone for regulatory reporting requirements. Our services range from
short-term assistance, such as a temporary FINOP, to long-term relationships in
which we work with firms on an ongoing basis.
Following is a sample of the services Brokerage Consulting Group
provides:
Monthly review of financial statements
Monthly calculation of net capital
Monthly and/or quarterly FOCUS filing
Periodic review of record keeping procedures
Assistance in communicating with FINRA and SEC examiners
Assistance in preparing for FINRA examinations
Annual review of Fidelity Bond requirements
In addition, we provide continuous telephone support and are available to
answer questions and solve problems as needed. Contact
Brokerage Consulting Group to discuss your firm's current situation and
learn more about our FINOP services.
Books & Records Review
SEC rules stipulate minimum books and records requirements, including the
length of time information must be maintained. If your firm is unsure of its
compliance with Rule 17a-3 and Rule 17a-4 under the Securities Exchange Act of
1934 (the "Books and Records Rules"), or is preparing for an upcoming FINRA or
SEC examination, Brokerage Consulting Group can review the books and records for
accuracy and compliance. Our consultants will visit your office(s) and assess
current record keeping practices and supervisory systems. Some documents
routinely reviewed include:
Order tickets
Blotters
Exception reports
Customer account records
Customer complaint records
Communication with the public records
Associated persons records
Corporate documents
After our evaluation is complete, we will provide a written report of
findings, as well as suggestions for changes. Contact
us today to schedule your evaluation.
Accounting/Bookkeeping
Brokerage Consulting Group provides bookkeeping and accounting assistance to
new Broker/Dealers as well as established firms. Our experienced consultants
offer a variety of services that help firms maintain proper financial books and
records. Some of our services include:
Familiarize firms with the fundamentals of brokerage accounting to ensure
accurate financial record keeping
Help establish a chart of accounts
Review financial reports to determine whether they meet FINRA and SEC
financial reporting requirements
Review clearing firm reports to ensure transactions are recorded
correctly on the firm's books and records
Review daily transactions and determine whether they are being recorded
properly
