BUSINESS START UP
START UP SUPPORT
- Business plan development
- Business structuring
- Legal formation
- State registration
- Vendor selection / Due Diligence
- For financial service firms, see registration support
- FINRA
- SEC
- State
Transition Support
- Prepare an individualized advisor transition plan
- Coordinate establishing your firm’s custodian relationship, if needed
- Provide comprehensive pre-transition asset review
- Assist with development and messaging of client communications
- Facilitate onboarding of client accounts including delivery of required regulatory, new account and transfer of asset documents.
OPERATIONS
MIDDLE AND BACK-OFFICE SUPPORT
- Dedicated relationship manager plus support of entire Bristal Lane team
- Prepare and quality control client paperwork; new account opening, distributions, transfer of assets, etc.
- Develop customized workflows supporting your business processes
- Facilitate online imaging and record retention of documents
- Complete daily uploads, downloads, reconciliation, price updates
- Serve as your custodian administrator and handle client support requests with the custodian
- Reconciliation of cost basis for incoming securities
REPORTING
- Provide basic reporting (realized gains/losses, estimated 1099 dividend information for taxable accounts)
- Customized reporting
COMPLIANCE
OUTSOURCED CCO
- Independent, experienced industry professionals can serve as your named CCO
- Onsite support for regulatory requests and inspections
REPORTING
- Annual Compliance Report as required under Rule 206(4)-7 of the Investment Advisers Act of 1940
- Quarterly Management Updates
- Monthly Compliance Committee Reporting
COMPLIANCE SUPPORT
- Email review
- Develop, or review and update your Compliance Program including Code of Ethics, Solicitors, Custody, etc.
- Review of marketing materials, client presentations, website, etc.
- Access to independent legal professionals with a broad range of security industry specialties*
REGULATORY COMPLIANCE SUPPORT
FUND SERVICES
BUSINESS ADMINISTRATION
OUTSOURCED CFO / FINOP
- Fully outsourced and licensed CFO and/or FINOP
- Prepare, review, approve and file required regulatory reports including FOCUS Reports
- Transaction Processing
- Enterprise Reporting
- Strategy and Practice Admin
BILLING
- Calculate and process client billing based on your individual billing model
- Reconcile and audit billing cycle
HUMAN RESOURCE OUTSOURCING
- Manage relationship with any third-party human resource providers or vendors
- Payroll processing (utilize third party payroll processing provider), including the payment and processing of payroll and employment tax
- Lead annual benefits review and assist in benefits assessment and deployment
- Benefits orientation and enrollment for new and current employees
- Develop new employee on-boarding process
- HR risk and compliance services, as needed.
- Review and maintain employee manual