Post by cxgllc on Mar 1, 2019 23:44:24 GMT 12
Because of the importance of the FinOp role and the vast experience required to properly comply, it is advantageous to outsource the Series 27 Licensed FinOp role to a team that is focused on the broker dealer industry. ACI can leverage our decades of accounting and broker dealer experience across multiple clients to provide industry leading service in the FinOp function.
While some firms have the financial resources to employ a full-time FinOp, most small broker dealers cannot afford to incur the cost of hiring an in-house licensed professional. FINRA understands the financial burden it may place on financial services firms to employ a full-time licensed FinOp and has subsequently permitted broker dealers to outsource this function to qualified third party candidates, like ACI.
Becoming a Broker Dealer| Contract CFO
While some firms have the financial resources to employ a full-time FinOp, most small broker dealers cannot afford to incur the cost of hiring an in-house licensed professional. FINRA understands the financial burden it may place on financial services firms to employ a full-time licensed FinOp and has subsequently permitted broker dealers to outsource this function to qualified third party candidates, like ACI.
Becoming a Broker Dealer| Contract CFO