Northern Lights Compliance Services Marks 10-Year Anniversary

HAUPPAUGE, N.Y. and OMAHA, Neb., Sept. 9, 2014 /PRNewswire/ -- Northern Lights Compliance Services, LLC (NLCS), a team of compliance experts dedicated to helping fund managers, registered investment advisers (RIAs) and broker-dealers meet their compliance needs, is celebrating the 10-year anniversary of its founding by NorthStar Financial Services Group, LLC (NorthStar), a holding company for several subsidiaries that manage and service financial assets.

"For the past 10 years, Northern Lights Compliance Services has helped small and mid-size fund managers, many of which cannot afford to hire their own compliance-focused professionals, ensure they have the necessary processes in place to stay on top of evolving regulations," said Brian Nielsen, General Counsel at NorthStar. "This business will continue to play a crucial role in our organization as we help more managers bring funds to market in this more stringent regulatory environment."

NLCS was established by NorthStar to assist Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisers as a provider of comprehensive, pooled investment solutions, and its other subsidiaries with compliance processes and reviews for clients. Chief compliance officers from NLCS report directly to the boards of trustees for their respective funds, and work closely with them to compose, assess and review procedures designed to prevent violations of regulatory and board oversight mandates.

NLCS provides chief compliance officers for Gemini clients as well as clients unaffiliated with Gemini, overseeing compliance for almost 250 funds with nearly $30 billion in assets under management. NLCS also assists compliance teams at broker-dealers and RIAs, working with those firms on mock audits, risk assessment matrices, reviews of policies and procedures, and delivering additional requested compliance support.  

The ongoing growth of NLCS has culminated in the establishment of a third office in San Rafael, Calif., which enables NLCS to provide compliance assistance and consulting services to fund managers, RIAs and broker-dealers on the West Coast. The office is led by Emile Molineaux, Senior Compliance Officer at NLCS.

"The rapid growth we have experienced over our first decade is proof of how valuable our compliance expertise is to the asset management industry," said Michael Wagner, President of NLCS. "As the regulatory environment for fund managers becomes more complex, our presence on the West Coast gives our team of experts an opportunity to help Gemini clients and third parties across the country with cost-efficient solutions to compliance-related challenges."

More information about NLCS is available at www.nlcompliance.com. For media inquiries, please contact Jami Schlicher at 973-850-7309 or [email protected].

About Northern Lights Compliance Services, LLC

Northern Lights Compliance Services, LLC (NLCS) is dedicated to helping fund managers, registered investment advisers (RIAs) and broker-dealers meet their compliance needs. Financial services companies that do not possess the resources to hire a qualified compliance expert dedicated to their funds or firms can solve this problem by utilizing NLCS' cost-effective and time-efficient solutions.

NLCS' compliance experts work closely with the boards of trustees of pooled investment vehicles—assessing and reviewing current policies and procedures, meeting regularly with service providers, designing written compliance programs and providing any other necessary compliance support. The firm also acts as a consultant to compliance teams at RIAs and broker-dealers.

NLCS was established in 2004 by NorthStar Financial Services Group, LLC, a holding company for several subsidiaries that manage and service financial assets. It acts as chief compliance officer to nearly 250 funds with nearly $30 billion in assets under management, and has offices in Hauppauge, N.Y., Omaha, Neb., and San Rafael, Calif. For more information, please visit www.nlcompliance.com.

0024-NLCS-8/20/2014

CONTACT:
Jami Schlicher
Jennifer Connelly Public Relations
973-850-7309
[email protected]  

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SOURCE Northern Lights Compliance Services, LLC