Broker-Dealer and Investment Advisory Compliance

Bressler, through its affiliation with Solfaro Consulting LLC, is able to offer clients compliance and business consulting services.  Patricia Solfaro is the CEO and Founder of Solfaro Consulting LLC, a boutique compliance and business consulting firm established to serve the needs of financial services firms, including broker-dealers and investment advisers.  Solfaro Consulting LLC compliments Bressler’s existing expertise in counseling clients with respect to regulatory matters.

Patricia has over 15 years of in-house and external experience counseling large financial services firms and individuals on legal, compliance, regulatory and business matters.  Solfaro Consulting offers the experience and know how of a large firm through a boutique arrangement, delivering customized advice and solutions that are tailored to meet each client’s particular needs.

The need for comprehensive yet effective control functions and infrastructure is at an all time high.  Solfaro Consulting is committed to helping clients ensure that they have a best in class compliance program that not only exists on paper, but is also working in practice and has been embedded into the firm’s culture and is sustainable.  Solfaro Consulting offers far reaching expertise spanning the full array of compliance related challenges, a sampling of which includes:

  • Conducting end-to-end or narrowly tailored reviews of compliance programs, risk management functions, supervision and control functions, as well as the design and implementation of such programs
  • Developing strategies to measure the effectiveness of compliance, supervision and control programs on an ongoing basis
  • Advising on compliance and regulatory matters in the broker-dealer and investment advisory space
  • Conducting internal investigations and informal reviews
  • Engaging with Regulators by preparing firms for anticipated Regulatory Examinations, assisting with open Regulatory Inquiries and Examinations, and advising on Regulatory filings

Solfaro Consulting is also involved in the review, design and implementation of various compliance frameworks, a sampling of which includes: 

  • Compliance Risk Identification and Assessment
  • Policies and Procedures
  • Monitoring, Testing and Surveillance
  • Conformance Testing
  • Regulatory Tracking
  • Issue/Infraction Tracking
  • Management Information, Reporting and Escalation
  • Discipline/Enforcement
  • Creating annual compliance plans and assistance with the execution of deliverables
  • Drafting policies, procedures, standards and manuals
  • Drafting written supervisory procedures and plans of supervision
  • Creating training materials (e.g., new hire, annual and ad hoc) and assistance with the training of staff
  • Conducting conflicts reviews and assistance in the development of ongoing conflict review programs
  • Review, design and implementation of remediation programs
  • Preparing Annual Compliance Reports/CEO Certifications (NASD Rules 3010(c), 3012(a)(1) and 3130)
  • Review, design and implementation of New Product Approval Process and Procedures

Solfaro Consulting understands and appreciates the enormous book of work clients face in light of new regulation and regulatory expectations, not to mention the need to ensure compliance with existing regulation.  The firm is equipped to handle matters both large and small across the nation.  Solfaro Consulting can assist with individual matters as described above in addition to short and long term assignments.