Many prospective clients had become dissatisfied with the disinterested, non-committal, cookie-cutter, billable hour compliance consulting model. The legacy providers would offer generic advice based on public SEC statements and then walk away when it came time to implement policies or explain them to institutional clients or the regulators.
We set out to create a fully accountable, fixed price, and fully engaged outsourced chief compliance officer solution. Todd’s experience as a lawyer made him predisposed to an advice model in which the advice-giver owned full accountability and liability for any counsel. He wanted to create a compliance services model with the same sense of responsibility as a law firm providing a legal opinion.