HRL engages clients directly and indirectly through our proprietary software tool, comport365®. We take great pride in our ongoing client re-engagement rate wherein over 95% of our clients re-engage our services over a 2-3 year cycle and often annually. We have highlighted some of our work below to provide context to the nature and breadth of our services.
On-Call Services
The vast majority of our clients utilize on-call and project oriented engagements. On-call services are designed to serve ‘in the moment’ risk management inquiries. Recent examples include:
- Private fund expense allocation practices
- Prepare/review Form ADV Filings
- Expand forensic testing protocol to keep pace with dynamic nature of the business
- Development of cybersecurity controls
- Review of client-prepared annual review reports
Consulting
- Compliance risk profile identification and risk mitigation through risk assessment and mock audit engagement
- Test certain business activities for an investment adviser, focusing on those functions where the CCO sees higher relative risk
- Prepare regulatory readiness assessment for investment advisory firm in anticipation of an SEC regulatory examination
- Review advertising and marketing materials
- Assist in Form ADV amendments to meet expanded filing requirements
Compliance Program Design, Audit and Implementation
- Develop compliance policies and procedures for numerous investment advisers in compliance with SEC Rule 206(4)-7 under the Investment Advisers Act
- Assist exempt reporting advisers in their transition to full SEC registration
- Design and execute compliance audit programs for multiple financial service clients
- Design business planning and client disclosure templates for diversified financial services entity
Training and Financial Writings for Clients
HRL has developed a variety of compliance training programs to meet targeted client needs. We have also been commissioned to author articles for a variety of distribution channels on matters of compliance. A sampling of course titles includes:
- ERISA Disclosures – 408(b)(2) and 404(a)(5) regulations have changed the game
- Investment Manager Due Diligence
- Fostering a Culture of Compliance
- SEC Enforcement Action Recap
- Pay to Play
- Market Turmoil
- Business Succession Planning