ACA Group has acquired FINOP Consulting a firm specializing in financial and operations principal outsourcing for broker-dealers.
This acquisition marks a significant enhancement to ACA’s FinOps services, positioning it to provide superior regulatory compliance solutions to its broker-dealer clients.
The acquisition, spearheaded by industry veteran Dan Beaton, is strategically aimed at bolstering ACA’s capabilities within the financial operations realm. FINOP Consulting is renowned for ensuring broker-dealer compliance with stringent FINRA and SEC standards, which includes meticulous accounting, recordkeeping, and financial reporting tasks.
ACA Group is a powerhouse in delivering comprehensive GRC solutions, with a robust offering through its ACA Signature platform. This platform is designed to meet the escalating demands of regulatory compliance, providing scalability and expertise. FINOP Consulting, on the other hand, brings its specialized focus on financial operations, enhancing the overall service suite of ACA.
This integration will allow both existing and future clients of ACA to benefit from enhanced cost efficiencies and regulatory compliance. With the expertise of FINOP Consulting now under its wing, ACA is better equipped to assist broker-dealers in managing their financial operations with greater precision and effectiveness.
The acquisition not only strengthens ACA’s service portfolio but also expands its operational capacities in the financial operations sector. Both companies have expressed optimism about the combined capabilities, aiming to deliver a more integrated and comprehensive suite of services.
Patrick Olson, CEO at ACA Group, commented on the acquisition, stating, “The acquisition of FINOP Consulting strengthens ACA’s expertise in the financial operations space, allowing us to provide even more comprehensive and compliant solutions to our broker-dealer clients. As today’s heightened regulatory landscape evolves, our expansive knowledge ensures that our clients can launch, grow, and protect their businesses, knowing that their broker-dealer financial operations are in expert hands.”
Dan Beaton, now Director at ACA Group, shared his enthusiasm, “I am thrilled to join forces with ACA Group and offer our clients access to a robust, one-stop shop of industry-leading GRC services and solutions. Together with ACA, we are even better equipped to meet the complex regulatory demands and requirements facing broker-dealers today and in the future.”
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