Category: Press

Foreside Acquires Alaric Compliance Services

Foreside Acquires Alaric Compliance Services

Foreside continues to strengthen its broker-dealer, alternatives, mutual fund, private credit, and ETF compliance practices with latest acquisition

Portland, Maine – December 7, 2021 – Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset management industry, today announced its acquisition of Alaric Compliance Services, a national leader in regulatory and compliance services.

Founded in 2004, Alaric Compliance Services partners with a diversified and well-known client base, including private credit, private real estate and other alternative asset managers, advisors, broker-dealers, private fund managers, open and closed end funds, BDCs, CLOs, and more. Alaric Compliance Services brings decades of experience in navigating a number of regulatory complexities, with specialized expertise in compliance with the Advisors Act, the Investment Company Act, FINRA, NFA/CFTC, and internal investigations. This acquisition complements Foreside’s growing broker-dealer, alternatives, mutual fund, private credit, and ETF compliance practices, aligning the resources that support these traditionally separate compliance considerations.

 “We’ve known Alaric Compliance Services for a long time and have been impressed with the business they have built,” said David Whitaker, president of Foreside. “They share our mission for hands-on, customized service, and we are thrilled to welcome them to our team.”

“Joining forces with Foreside provides a chance for our team to springboard into greater opportunities,” said Guy F. Talarico, founder and CEO of Alaric Compliance Services. “Their offerings and expertise really expand upon our own nicely, and we’re glad to continue maintaining our close relationships with clients.”

Foreside, which is majority-owned by Genstar Capital, acquired Hardin Compliance Consulting in June and announced a merger with ACA Group in November, creating one of the largest compliance consulting firms in the U.S. financial services industry.

About Foreside Financial Group

Foreside delivers comprehensive advice and best-in-class technology solutions to clients in the global asset and wealth management industries. Foreside distributes more than $1 trillion* of product through their 17 limited purpose broker-dealers. For 15 years, Foreside’s suite of services and platform-based model have helped automate and simplify compliance and marketing for clients. Foreside works with pooled investment products, investment advisors, broker-dealers, global asset managers, and other financial institutions.

By harnessing state-of-the-art technology, Foreside helps firms address and shape today’s regulatory environment, drive operational efficiency and growth, and focus on value-adding work. Foreside is headquartered in Portland, Maine, with numerous regional offices, including New York and Boston. For more information on Foreside’s suite of services, please visit www.foreside.com.

About Alaric Compliance Services

Founded in 2004, Alaric Compliance Services LLC (Alaric) provides regulatory compliance consulting services to a diversified and complex client base from startups to mature businesses registered with the SEC, FINRA, and/or CFTC.

Having managed over 100 regulatory examinations as Chief Compliance Officers, Alaric’s team is in the unique position of both understanding current regulatory trends and possessing the hands-on experience to offer an approach to regulatory compliance founded on deep knowledge and application of industry best practices.

Media Contact

Malea Ritz

BackBay Communications

foreside@backbaycommunications.com

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