For Immediate Release
Latest MarketCounsel Acquisition Overlays Operational Expertise with its Leading Compliance Platform
Expanded capabilities will empower investment advisers to seamlessly integrate increasingly complex compliance processes into their operations
Englewood, New Jersey – March 14, 2011 – MarketCounsel, the leading business and regulatory compliance consulting firm to the country’s preeminent entrepreneurial investment advisors is pleased to announce the acquisition of Beneficial Concepts Group, LLC. The combination of firms expands MarketCounsel’s existing capabilities in an ongoing effort to support the growth and maturation of small to mid-sized investment advisory practices who find themselves faced with an onslaught of operational and regulatory challenges, by assisting firms in more effectively integrating compliance functions into their overall operations.
“This acquisition is the latest sign of our commitment to the evolving needs of our clients and is in line with MarketCounsel’s mission of delivering trusted counsel and innovative solutions to the complex business challenges faced by independent investment advisors.” said Brian Hamburger, the firm’s Founder and Managing Director. “As RIAs continue to mature as businesses, they need their own trusted advisors to stop echoing compliance directives and integrate these requirements into their day-to-day operations.”
Typically, small and mid-sized firms have to struggle through successive learning curves and squander precious time they should be spending on client relationships and investment management to deal with increasingly complex compliance challenges. By enveloping the core strengths of Beneficial Concepts Group, MarketCounsel will accelerate its efforts to develop and implement operational best practices and include as the backbone of their leading compliance platform.
Gary D. Davis Jr., the founder of Beneficial Concepts Group is joining MarketCounsel as Vice President, Practice Management. Mr. Davis brings a solid track-record of assisting investment firms with the operational aspects of growth. “I am tremendously excited about joining this remarkable team that is so highly respected for setting the standard in helping advisors address their complex and challenging business and compliance issues,” said Mr. Davis. “Our goal is to educate and drive the industry towards approaching compliance as a key part of the overall operations of the firm, not something to be addressed in a silo.”
Prior to founding Beneficial Concepts Group in 2007, Mr. Davis managed the operations, compliance and investment departments at two financial planning and investment advisory firms. He has also managed operations for a broker/dealer and has served as a financial planning analyst. He received a Masters in Accounting and Financial Management from the Keller Graduate School of Management, and holds a Bachelor of Science in Financial Planning from Purdue University. He also has passed the Series 65 exam.
About Market Counsel
MarketCounsel is the leading business and regulatory compliance consulting firm to the country’s preeminent entrepreneurial investment advisors. Its comprehensive service offering delivers sound, yet business-savvy, regulatory compliance solutions. The firm pairs best-of-class compliance professionals with state-of-the-art technology to meet, anticipate, and exceed the exacting needs of its clients. From the startup of an investment advisor through its RIA Incubator program to the outsourced compliance department capabilities of the RIA Institute, MarketCounsel’s service platform consistently delivers on the promise of extraordinary service and trusted counsel.