Transitions

Bristal Lane offers a comprehensive service suite that gives you the time to focus on your clients and grow your business while we coordinate the back-office functions. We offer transition services, billing, financial reporting, compliance, advisory operations, and executive services, tailored for your needs.

 

Advisor Transitions

   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

Back Office

   Administrative 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

*Additional fees apply

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

• Prepare and file Forms ADV Part 1-A, ADV Part 2-A, ADV Part 2-B
• Prepare and file Form CRS
• Prepare and file other required regulatory filings
• Review, monitor and test your KYC compliance program including AML
  and CDD
• Review, monitor and test your Best Execution and prepare quarterly reports
• Review and test your Business Continuity and Disaster Recovery Programs

Accounting & Finance

   Outsourced CFO / FINOP

• Fully outsourced and licensed CFO and/or FINOP
• Prepare, review, approve and file required regulatory reports including
  FOCUS Reports

   Billing

• Calculate and process client billing based on your individual billing model
• Reconcile and audit billing cycle

   Accounting Support

• Prepare financial statements including P & L
• Accounts receivable and accounts payable processing
• Reconcile firm accounts
• Payroll and benefits set up and ongoing processing

Fund Services

   Fund Services

• Offer general guidance and information for private funds, funds-of funds, and mutual funds
• Assist with vendor due diligence including transfer agent, fund administration, fund accounting, custodian, auditor and legal counsel
• Provide Fund Officer(s) including President and Fund CCO
• Review and filing of marketing material review

 

Ready to get started?

Schedule a meeting?  Contact Us to discuss your goals.