Navigating Due Diligence: A Comprehensive Approach Across Compliance, Operations, and Cybersecurity
Join us to hear from experienced industry professionals as they discuss regulatory expectations and share practical tips to implement a proactive due diligence program! The panel will tackle topics covering:
- Developing and implementing a customized due diligence program, including adopting policies and procedures to comply with Reg S-P and other firm obligations
- Assess risks associated with outsourced services
- Initial due diligence and ongoing oversight and monitoring: practices based on risks
- Recordkeeping: documentation to evidence compliance with your firm’s policies and the Safeguards Rule.
- Contractual considerations
- Unique characteristics for due diligence of third party RIAs, sub-advisers, BDs, and RICs
- Due diligence regarding M&A targets: aggregators, TAMPS, enterprise organizations, allocators (fund of funds, pension funds, family offices, endowments and foundations)
- Due diligence for Private Equity portfolio companies: pre and post investment diligence across industries
- Pending Vendor Outsourcing and Cyber & Risk Management Proposed Rule on SEC’s docket
For registered investment advisers, investment companies, broker-dealers, and transfer agents.
Speakers
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Allison FraserManaging Director, Salus GRCAllison is a Managing Director at Salus GRC with over 25 years of compliance and consulting experience. She works with investment advisers, registered investment companies and private investment funds to develop tailored compliance programs, evaluate their controls and assist with regulatory examinations. The services she provides include conducting annual compliance program reviews and testing, developing risk assessments, conducting due diligence reviews of sub-advisers and service providers, and assisting with regulatory examinations. She also works with clients to develop appropriate policies and procedures, conduct annual and focused compliance and ethics training, and prepare regulatory filings. Allison is an experienced chief compliance officer who currently serves as the outsourced CCO of a private fund investment adviser and previously was the CCO of registered investment companies.
Prior to joining Salus GRC, Allison was Director-Institutional and Registered Investment Company Services of the Compliance Services practice at Confluence (formerly Ascendant Compliance Management). There, she led a team of consultants in providing compliance solutions to clients. Before Confluence, she was a Senior Vice President of Compliance at Northern Trust Asset Management (NTAM). In this capacity, she managed and administered the compliance due diligence program for NTAM’s multi-manager solutions and outsourced Chief Investment Officer programs, which included over 300 sub-advisers consisting of investment advisers, private funds and registered investment companies. Additionally, Allison served as the Chief Compliance Officer of two registered funds of hedge funds advised by NTAM. Earlier in her career, Allison served as the Compliance Director of General Motors Asset Management where she assisted with the administration of the compliance program for this registered investment adviser and its affiliated private fund adviser.
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Adam DiPaoloManaging Director, Salus GRCAdam serves as Managing Director at Salus GRC in its Regulatory Compliance practice. With over twenty years of experience in compliance and law, Adam most recently was Director, U.S. Regulatory Reporting at CSS, a Confluence Company, where he led client delivery for US reporting solutions. Adam’s expertise lies in the Investment Advisers Act and regulatory compliance for advisers to private funds as well as traditional and internet-based wealth managers. Adam collaborates on numerous matters such as registration of entities, establishing compliance infrastructures, advising clients on complex matters and best practices, keeping clients abreast of regulatory developments and industry practices, performing mock compliance and operations reviews, and assessing and satisfying regulatory reporting obligations. Prior to consulting, Adam began his career as in-house counsel to Capgemini.
Adam holds a BA from Pitzer College, a JD from UC Berkeley School of Law, and an LLM in Taxation from NYU School of Law.
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Stephanie MonacoPartner, Mayer BrownStephanie Monaco advises investment management firms, investment companies and hedge funds across a broad range of investment management needs. Formerly an attorney with the US Securities and Exchange Commission, Stephanie brings a deep understanding of the regulatory environment to counseling clients on issues of compliance and product development.
Recognized for years by Best Lawyers in America and Chambers, Stephanie is valued for her regulatory experience in the registered funds space. Clients observe that she is “incredibly responsive” and that “she’s very knowledgeable, very experienced and also has a tremendous business sense.” Chambers has also noted Stephanie’s “great attitude” while observing that she “has a keen understanding of industry issues” and “knows when to step back and when an issue has to be forced.”
Stephanie previously worked with the SEC’s Division of Investment Management, first in the Division’s Chief Counsel’s Office and, later, in the Division’s Office of Investment Company Regulation.