• Financial statement preparation, review, and analysis
• Management reporting (from concept to production)
• Board of Directors and investor presentations
• Staff (bookkeeper, staff accountant, etc.) oversight and supervision
• Business plan and budgeting preparation
• Due diligence
• Financing, vendor, and contract negotiation
• Systems scoping and implementation
• Interviewing and hiring of accounting personnel
• Various regulatory reporting
• Compilations and reviews
• and more

Maven Strategic will act as your brokerage firm's FINOP on an outsourced basis.  We believe our efficient methodologies will save you money by avoiding the need to hire senior level in-house accountants.  We can provide as much or as little as you need.  If you have qualified personnel maintaining your books and records on a daily basis, we will utilize that data to prepare your FOCUS reports.  If we need to expand our scope, we can provide you with financial statement preparation, and even oversee your bookkeeper in his or her day-to-day functions.  Regardless of scope, our goal is to make available to you an invaluable resource.

While no two clients are alike, the following is an outline of our typical FINOP engagement (fees are based on budgeted time and scope of services):

• First, we will register with FINRA as your firm's Series 27 FINOP.  This will allow us to interface with regulatory personnel on the company's regulatory financial compliance matters.
• Next, we identify the appropriate firm personnel that we will need to regularly interface with (including, but not limited to individuals from accounting, compliance, and senior management).
• We then determine the means by which we will access your financial data.  We will then do a comprehensive review of your current financial information, and any recently filed regulatory reports.  Once a comfort level is reached, we will have our basis for preparing prospective reports.
• Based on your firm's requirements, we will calculate regulatory net capital, and prepare the periodic FOCUS (and related) reports.  Upon your review and approval, we will electronically file the FOCUS reports.

We believe our services are invaluable.  Maintaining a good set of books and records is recommended.  Ensuring that you are in regulatory compliance is essential.  Contact us today to get started.

Using information collected via BDManager and data retrieved transparently from clearing firms and other outside vendors, clients have at their disposal the ability to report against a robust data warehouse that is just not available anywhere else.

BDManager is a comprehensive management information system designed for the securities industry. Because no two brokerage firms are alike, BDManager is tailored to the exact needs of each individual client firm. When you subscribe to this service, your business flow is thoroughly analzyed, and the application is customized to fit your needs.

Some of the highlighted features of BDManager include:

The Compliance Control Segment of BD Manager offers extensive reporting and control of all aspects of sales and trading activity on a exception or detailed basis in the following areas:

· USA Patriot / new Account Controls
· Litigation Tracking Support
· Comprehensive Registration Database
· New Account Analysis
· RR "Blue Sky" Controls
· Commissions vs Equity
· Market Maker Domination Reporting
· Registration Fees Invoicing / Statements
· Account Activity Beyond Thresholds
· Mark Up/Mark Down Analysis
· Customer Complaint Tracking
· Training Database
· Complete Transaction Audit Trails

The Commissions Processing segment of BD Manager provides complete processing of all pertinent broker compensation data.

· Calculate Net Commissions and Credits Bases on Your payout Parameters
· Determines Sales Assistants Fee, Overrides, Splits, etc.
· Handles Special Deals
· Processes Advances / Loans / Draws
· Inputs Variable Charges
· Retrieves Standard Recurring Charges
· Loads Automated Charges (FedEx, Telephone, etc)
· Applies Allocated Expenses
· Produces Control Reports
· Prepares Broker Statements
· Passes Data to Your Payroll System
· Interfaces with Your Accounting System & Spreadsheets
· Generates Performance Rankings based on Income and Profitability

Registrations / Human Resources:

Registration

• File an initial application to become a FINRA Member
• File a Continuous Membership Application to engage in a new line of business
• File initial application to become an MSRB Member
• File an initial state registration
• Ongoing state registration filings for broker-dealers, and handle inquiries
• Handle registration problems for registered representatives with significant disciplinary histories

CRD Registration

• Perform CRD registration issues on an outsourced basis
• WEBCRD Administrator training
• U-4, U-5, Form BD, Form BD, Form BR processing
• Determine qualifications and examination requirements of registered personnel
• File annual “Limited Size and Resources” exemption
• NCS “Save/Verify” within 17 days after each quarter
• WEB IR and response to regulatory inquires
• New hiring procedures

Compliance Examinations

• Prepare for an examination
• Conduct an in-depth mock examination
• Create a List of Required Files for regulatory exams
• Write responses to examination findings, exit conference, LOC

Continuing Education Program

• Design a CEP including the Written Needs Analysis, and Written Program
• Prepare Firm Element, presentation and training agenda for registered representatives
• Conduct training sessions
• AML Continuing Education and training

Other Annual Requirement

• Conduct Annual Compliance Meetings, design meeting content and questionnaires
• Annual Internal Inspection of the OSJ
• Conduct Branch Inspections
• Write Annual Disclosures to Customers Document
• Margin Disclosure
• Uncovered Options Disclosures
• CEO Annual Report and Certification, test compliance procedures
• Regulation S-P
• Delivery of the Privacy Policy
• After Hours Disclosure

AML

• AML Independent Testing and written report to senior managers, (annual requirement)
• AML WSP
• Filing SARS
• FinCen Requirements Patriot Act Section 314 (a) and (b)
• Customer Identification Procedures
• Foreign Banks

International Equity Research Sales

• SEC Rule 15a-6, no-action letters

Written Supervisory Procedures

• Review Compliance Manual, (annual requirement)
• Write a Compliance Manual hand tailored to a particular line of business
• WSP for retail/institutional business
• Revise procedures according to new rules, new product areas and examination deficiencies
• Equity Research WSP, Checklist for Approval of Equity Research, Preparation of the Required Disclosure, Letter of Attestation, Quarterly Attestation regarding Public Appearances
• Penny Stock Regulation and WSP
• Options, WSP
• Supervisory Controls
• Fixed Income
• Restricted securities sales
• Private Placements, escrow agreements

Review and Write Website Content, Advertisements, Recruit Advertisements and Sales Literature

Handle and Respond to Customer Complaints

Business Continuity Plans

• Annual Review of the BCP
• Delivery of the BCP 3510(e) Disclosure

Trade Reporting

• TRACE
• MSRB Dealer Feedback
• ACT reporting
• SEC Rule 11Ac1-5/1-6
• Retail and institutional trade review

Miscellaneous

• Prepare 15c2-11 filings
• HR issues
• Insurance needs
• Email/IM retention and archiving
• Negotiate clearing agreements
• Registered Investment Adviser issues, procedures, Code of Ethics

• Identifying acquistion targets
• Finding a qualified buyer for your business
• Determing the right financing vehicle and source
• Starting a broker/dealer
• Factoring and financing accounts receivable
• Human resource and benefits consulting
• Placement services
• Insurance  services
• Compliance services (securities broker/dealers only)
• Other small business services
• Franchise consulting
• Financial planning
• and more

We've spent many years developing strategic relationships.  Why start from scratch?  Utilize the knowledge and resources that we can offer you.