ACA launches practice group for wealth managers

25 March 2024 2 min. read
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ACA Group, a governance, risk, and compliance (GRC) consultancy focusing on the financial services industry, has launched ACA Wealth, a practice group tailored to the needs of wealth management firms.

The practice will support wealth management firms that lack the resources to effectively manage compliance programs – providing solutions personalized to their unique challenges. ACA currently works with nearly 2,000 wealth management firms across the areas of compliance, technology, and cybersecurity.

“We are thrilled to introduce ACA Wealth, a dedicated practice group focused on delivering comprehensive GRC solutions to wealth managers,” said Patrick Olson, a former BlackRock executive who was last year was named CEO of ACA Group. “Our goal is to provide unparalleled expertise and tailored support to help wealth managers meet their regulatory obligations while simultaneously protecting their firms from potential risks.”

ACA has in the past two years significantly expanded its capabilities and talent pool, merging with Foreside and acquiring wealth management compliance firms such as Focus 1 and Advanced Regulatory Compliance.

ACA launches practice group for wealth managers

ACA is the GRC consulting platform of Genstar Capital, which acquired and merged the New York-based company with Foreside in 2021. The firm has more than 1,250 employees across 11 offices in the US, UK, Malta, and India advising financial services clients on compliance, AML and finance crimes, ESG, cybersecurity, Brexit implementation, and distribution.

"We understand that wealth managers require solutions that are not only comprehensive but also flexible enough to adapt to their evolving needs," said Carlo di Florio, global advisory leader at ACA Group. "With ACA Wealth, we offer a unique blend of regulatory compliance, managed services, cybersecurity, and technology expertise to provide peace of mind to our wealth management clients."

The new wealth management practice’s offerings include registration services, signature compliance programs, mock regulatory exams, outsourced managed services, cybersecurity risk assessments and monitoring, and regulatory technology.