Conifer Financial Services Once Again Successfully Completes SOC 1 Type 2

Feb 02, 2016, 10:15 ET from Conifer Financial Services, LLC

NEW YORK, Feb. 2, 2016 /PRNewswire/ -- Conifer Financial Services LLC (Conifer), a leading provider of fund administration, middle office, and tax services to the asset management industry, announced today that it has once again received an unqualified opinion in the Service Organization Controls (SOC) 1 TYPE 2 2015 examination of its fund administration entity, Conifer Asset Solutions. Notable among these reports is the admirable lack of exceptions noted throughout the Fund Accounting and Middle Back Office business units.

The SOC 1 Type 2 examination was conducted in accordance with the American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements No. 16 (SSAE 16) and evaluated the effectiveness of certain control processes in Conifer's fund administration, onboarding, financial reporting and middle- and back-office service infrastructure.Conifer's examination was performed by the public accounting firm Grant Thornton LLP, and covered the operating period of January 1, 2015 to October 31, 2015. 

This successful examination completes another impressive year for Conifer.  With over $115B of AUA, Conifer is one of the largest independent asset services firms, offering expanded capabilities to clients on a global scale.

"These positive results highlight our commitment to exceeding industry standards and regulatory  requirements," said Jack McDonald, Conifer's CEO and President. "2015 was another exciting year for Conifer. With increased investments in our IT and reporting systems fueling new client growth, we've expanded our teams in Halifax and Singapore to better serve our clients globally. Furthermore, the divestiture of our brokerage business in Q3 of 2015 enables us to exclusively focus on our core fund administration business."

About Conifer Financial Services 
Conifer Financial Services is a leading independent asset services firm offering front to back capabilities across all asset classes to pensions, endowments, family offices, hedge funds, private equity and venture capital managers, RIAs, and traditional asset managers.  Services include Fund Administration, Middle and Back Office and Tax Services. Conifer Financial Services has over 200 clients worldwide representing more than $115 billion of combined assets under administration (AUA).

Press inquiries should be directed to 
Krista Vendetti
Conifer Financial Services or 415-677-1599

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SOURCE Conifer Financial Services, LLC