Industries

Financial Services

Regulatory pressure and oversight affects almost every aspect of the financial services industry which has created unique challenges for firms to remain compliant. With over 30 years of experience, the professionals at Gettry Marcus help financial services firms navigate the complex regulatory and reporting mandates. We work side-by-side with our clients providing guidance when dealing with the Public Company Accounting Oversight Board (PCAOB), the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and other regulatory agencies.

Industries we serve:

  • Broker Dealers
  • Registered Investment Advisors
  • Hedge Funds
  • Investment Bankers
  • Investment Companies

Service Offerings

As a PCAOB registered and inspected Firm since the board’s inception, our dedicated team of specialists provides audit, tax advisory and compliance services below:


Financial Audits
Gettry Marcus has a dedicated team of professionals that have extensive experience in providing comprehensive auditing and reporting services to financial service businesses/institutions.

Accounting and Bookkeeping Services and Regulatory Filings
For those broker-dealers that need back office assistance and guidance, we can provide accounting and bookkeeping services. We can assist in the preparation of the required FOCUS reports and the transmission of these reports to FINRA.

Assistance with Back-office Operations
We can assist in the design, implementation and training of your employees to establish new accounting systems and software to help to produce effective management reporting.

Entity Selection and Corporate Restructuring
Whether you have an established business or a start-up, choosing an entity plays a crucial role in tax. With our knowledge and expertise, Gettry Marcus advises you on choosing an entity type that is best suited to your model.

Tax Return Preparation and Compliance
Gettry Marcus provides tax reporting services to financial services firms to ensure that all of their tax reporting obligations have been met and have remained compliant to all corporate and partnership jurisdictions.

Surprise Examinations
Perform “surprise examinations” pursuant to Rule 206(4)-2 of the Investment Advisers Act of 1940.

Audit and Compliance Reports
Perform and prepare audit and compliance reports in connection with our registered investment advisors’ compliance with the Anti-Money Laundering rules (i.e. “AML Reports”).


Practice Leader

BRUCE T. LANGE
blange@gettrymarcus.com
212-302-6000 x304

Industry Affiliations

FINANCIAL SERVICES Case Studies


Net deficiency

Assignment:

After filing a monthly FOCUS report, a broker-dealer came to us with a net capital deficiency which violated the SEC uniform net capital rule.

Result:
We met with the client to strategize a solution. We reviewed the books and records and the previous FOCUS filings. We analyzed the transactions that gave rise to the net capital deficiency as outlined by the FINRA examiner.  We developed a plan of action with regulatory approval that enabled the client to negate the capital deficiency and remediate any proposed violations. Immediately thereafter, the client was allowed to resume normal business operations.

All Case Studies