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The financial services industry drives the global economy and enables companies across all business segments to grow and thrive. With such widespread influence, it is particularly important for participants in the financial services industry to stay attuned to current trends in the marketplace. For instance:

  • The impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act continues to be felt across the industry. As financial service firms wait to see the effect on everything from executive compensation to proprietary trading to derivatives controls, companies in all corners of the financial services sector are gearing up for significant change. Dodd-Frank regulatory changes are accompanied by new global capital standards, forcing still more changes due to capital and liquidity requirements.
  • As retail banks continue to look for ways to reduce costs in order to compensate for everything from loan losses to lower checking account profitability, physical footprint reduction looks to be an attractive option in some cases, with banks scaling back on branch expansion plans and potentially shuttering some locations.
  • The increase in regulation for private fund advisers has created multiple filing requirements, causing both previously and newly-required registered advisers to scramble to navigate not only what filings are applicable, but also how to aggregate, obtain and track the required information. Along with the standard Form ADV, advisers must now wrestle with the potentially onerous Form PF, as well as Form SLT, Form SHC, Large Trader ID and others.
  • Retail investors are showing increased interest in derivatives and other structured products, prompting brokers to work to meet demand for availability for these trades, often on mobile platforms. The risk metrics that accompany these new products may cause both investors to more closely examine their investment options and firms to be cautious regarding investor actions.

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