Regulatory reporting
Preparation and oversight of FOCUS reports and supplemental regulatory filings, together with required financial reporting and notifications.
Outsourced FINOP services
Outsourced FINOP and Financial Operations Principal Services
Experienced Series 27 FINOP leadership for broker-dealers that need dependable financial oversight, regulatory reporting and practical judgment.
A FINOP partner who knows your firm
Financial responsibility backed by practical experience
Maven provides outsourced FINOP services tailored to each broker-dealer's business model, regulatory requirements and operating environment.
Our Series 27 professionals work directly with management, operations, compliance teams, auditors and regulators as an extension of the firm. We look beyond a filing or calculation to understand the activity behind the numbers, identify issues early and help management respond with a practical path forward.
FINOP, PFO and POO leadership. Depending on a firm's structure and needs, Maven professionals may also serve as Principal Financial Officer (PFO) and Principal Operations Officer (POO), providing coordinated financial and operational oversight.
Core FINOP responsibilities
Support for the financial and regulatory obligations of broker-dealers
Maven helps firms maintain timely and accurate books and records, monitor financial responsibility requirements and prepare for regulatory deadlines, audits and examinations.
Net capital oversight
Net capital and aggregate indebtedness monitoring, capital planning, modeling and evaluation of transactions that may affect regulatory capital.
Books and records
Financial books-and-records oversight, management reporting, financial controls and coordination with the firm's accounting resources.
Audits and examinations
Preparation for annual audits and FINRA or SEC examinations, including coordination with auditors, compliance professionals and regulators.
Membership applications
Financial support for FINRA new membership and continuing membership applications, including projections, capital considerations and related responses.
Policies and controls
Financial policies, written supervisory procedures and practical controls designed around the firm's activities, systems and risk profile.
A proactive FINOP relationship
More than calculations and filings
A FINOP should help management understand what the numbers mean and what may require attention next.
Maven learns each client's business, transaction flow, ownership structure, counterparties and growth plans. That context helps our professionals anticipate issues, support timely decisions and strengthen financial and regulatory compliance.
Technology supports the process through mAIven, while experienced professionals remain responsible for review, judgment and client service.
FINOP questions
Frequently asked questions about outsourced FINOP services
What is a FINOP?
FINOP is short for Financial and Operations Principal. A FINOP is responsible for important aspects of a broker-dealer's financial reporting, books and records, net capital compliance and other financial responsibility obligations.
What does a Series 27 FINOP do?
A Series 27 FINOP applies the financial responsibility, reporting, operations and recordkeeping requirements relevant to the broker-dealer. The role commonly includes regulatory filings, capital monitoring, financial controls and coordination with auditors and regulators.
Why use an outsourced FINOP?
Outsourcing provides access to experienced FINOP leadership scaled to the firm's needs. It can be especially useful for new, growing or specialized broker-dealers that need senior expertise without adding a comparable full-time internal position.
How do FINOP, PFO and POO roles relate?
FINOP refers to the Financial and Operations Principal function. Depending on the firm's structure and registrations, Maven professionals may also serve as Principal Financial Officer or Principal Operations Officer to provide coordinated financial and operational oversight.
Can Maven assist with FINRA membership applications?
Yes. Maven provides financial support for new membership and continuing membership applications, including projections, net capital analysis, ownership or business changes and responses involving the firm's financial operations.
How does Maven work with a firm's other advisers?
Maven works collaboratively with management, compliance professionals, auditors, tax advisers, attorneys, payroll providers and other specialists so financial and regulatory responsibilities remain coordinated.