Due Diligence Archives - MasterCompliance

Acting in the Best Interest of Your Elderly Clients

Posted on February 8, 2021February 8, 2021 by admin

As the baby boomer generation reaches retirement age, regulators have increased their focus on protecting senior investors. A new study released by the FINRA Investor Education Foundation (FINRA Foundation), in collaboration with researchers from Duke University and Rush University Medical Center suggests that overconfidence in financial knowledge may lead to excessive risk taking among older investors. This is a good time for your firm to sit down and review your accounts held by elderly clients and determine if their portfolio and investment strategy actually fits their needs.

Best Practices for Outsourced Vendors

Posted on October 8, 2020October 8, 2020 by SCM Communications

Does your firm know who its key outsourced vendors are? Does your firm perform ongoing due diligence that includes an assessment of risks? The answers to both questions may involve a huge undertaking for small firms that have limited resources. Read More…

Third-Party Outsourcing Best Practices

Posted on June 18, 2020June 18, 2020 by SCM Communications

Complete reliance on third-party outsourcing may negatively impact your compliance program. Other firms’ mistakes can serve as valuable cautionary tales to guide your decision-making process when establishing and maintaining relationships with third-party vendors.

On-Site Due Diligence for Product Sponsors

Posted on July 31, 2019September 16, 2019 by SCM Communications

Thanks to technology, a majority of the gathering and reviewing of information during the due diligence process can typically be done so remotely by officers or committees of the broker-dealer. However, an operational due diligence process is not complete without an on-site visit.

M&A Due Diligence Checklist

Posted on September 27, 2017 by SCM Communications

Critical in every M&A transaction is a comprehensive due diligence investigation. An acquirer/buyer should always have a complete understanding of the all the intricacies of the target company, from operations to financial to legal. Failure to conduct due diligence may lead to major unforeseen issues such as unknown liabilities or overpayment. A buyer should never rely solely on information that the target company has provided but should take the necessary steps to validate. It is important to have a M&A due diligence checklist to ensure that all major areas have been investigated and considered when making the decision to buy or not to buy a company. Read More…

Due Diligence and Registered Representatives

Posted on June 21, 2016November 2, 2018 by SCM Communications

The topic of due diligence is widely discussed regarding the financial services industry. Due diligence of products. Due diligence of potential employees. Due diligence of client suitability. But, what exactly does it mean when applied to financial services and what does it mean to representatives? Read More…