Cory Roberson discusses the importance of using compliance software and consultants for investment firms.
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-cory-roberson-founder-and-ceo-with-fin-compliance/
Investment firms face a constantly evolving regulatory landscape, with new laws and regulations introduced on a regular basis. These changes can be challenging to keep up with, especially for larger firms with complex internal structures. Compliance software and consultants play a crucial role in helping these firms stay up-to-date and compliant.
First and foremost, compliance software offers investment firms an efficient way to monitor their regulatory obligations. With the ever-increasing number of regulations to adhere to, it can be overwhelming for firms to manually keep track of them all. Compliance software empowers organizations to optimize the review of regulatory mandates and the documentation of procedural measures, effectively reducing the risks associated with non-compliance.
In addition to monitoring regulations, compliance software also aids in the implementation and management of internal policies and procedures. This is especially important for investment firms as they often have multiple departments and teams with varying compliance needs. By centralizing all policies and procedures in one software, it becomes easier to ensure consistency and standardization across the entire firm.
Compliance consultants also play a crucial role in enhancing internal regulatory review programs for investment firms. These consultants are experts in the constantly changing regulatory landscape and can provide valuable insights and guidance on how to adapt internal processes accordingly. They can also conduct regular audits of the firm’s compliance program, identifying any areas for improvement and providing recommendations for remediation.
Furthermore, compliance consultants offer a fresh perspective on regulatory compliance. As they work with multiple firms in different industries, they have a broader understanding of best practices and can bring new ideas to the table. This can be particularly beneficial for investment firms as they operate in a highly regulated and complex industry.
Investment firms also benefit from using compliance software and consultants by demonstrating their commitment to regulatory compliance. In an era where financial scandals and misconduct are constantly making headlines, investors are becoming increasingly cautious about where they place their money. By having robust compliance processes in place, investment firms can build trust with their clients and attract potential investors.
Cory explained: “Compliance software and consultants are essential tools for investment firms looking to enhance their internal regulatory review programs. They offer efficiency, expertise, and fresh perspectives, and can ultimately help build trust and credibility with stakeholders. As regulations continue to evolve, it is crucial for investment firms to stay ahead of the game with the help of these valuable resources.”
About Cory Roberson
Cory Roberson serves as the Founder/CEO of FIN Compliance (FinCompliance.io), a comprehensive consortium specializing in compliance, consulting, and training management solutions tailored to assist boutique investment firms in structuring, maintaining, and enhancing their internal regulatory review programs.
In collaboration with partner brands like FIN Disclosure, Lancer, and Auditor, Cory addresses compliance, consulting, disclosure, and training challenges within the broader financial services ecosystem. This ecosystem encompasses investment advisors, Broker-Dealer (hybrids), auditors, and financial service consultants.
Cory is a member of the National Association of Insurance and Financial Advisors (NAIFA). His firm, FIN Compliance, has earned recognition with the National Association of Personal Financial Planners (NAPFA), the Association of African American Advisors (ÁAAA), Kitces.Com Advisor Tech Directory, and has been featured in various articles in Financial Planning Magazine.
Cory has also been a featured speaker at notable events, where he has engaged in discussions such as “RegTech & The Current State of the Compliance Ecosystem” at the FinTech Diaspora Forum, sponsored by Prohaus VC, The Fintech School, and Innovate the Next. Additionally, he has spoken on “RegTech: Re-Engineering Compliance for Wealth Managers and Financial Advisors” during the ICO4Impact Virtual Summit, sponsored by Beyond Capital Markets. He previously authored an article titled “Elevating Compliance Standards: 10 Tips for Effective Practice Management,” which was featured in a publication by the Financial Planning Association – Silicon Valley (FPA). Furthermore, he has made guest appearances on podcasts, including appearances on Model FA.
Over the course of 15 years, Cory has devoted his time to volunteering with three church ministries, school programs, and currently a youth-based organization in Fairfield (“Leaders of Men”). As a part his past global projects, Cory has held business sessions and classroom instruction for students in South Korea, China, South Africa, Thailand, Peru, and India. In alignment with his book, “From Student to Entrepreneur: Making the Transition to Business,” Cory is a dedicated design strategist with a fervent commitment to creating a space for innovation, ministry, creativity, and business.