Motley Fool Asset Management, LLC and Motley Fool Wealth Management, LLC Select BasisCode Compliance as their Compliance Management Software Platform

ATLANTAJuly 28, 2021 /PRNewswire/ — Motley Fool Asset Management, LLC and Motley Fool Wealth Management, LLC have selected BasisCode Compliance™ ( as their software platform to serve as the compliance management and service delivery vehicle.

“Over the past year, we’ve been evaluating the evolving needs of our compliance program and seeking a partner with a compliance platform that would not only meet our regulatory needs but also keep up as needs change. We are excited to introduce our employees to BasisCode’s features and enhance their long-term compliance experience,” said Kyle Wirth, Chief Compliance Officer for Motley Fool Investment Management.  

These organizations will deploy the BasisCode Personal Trading Manager, Insider Trading Manager and BasisCode Essentials to centralize its compliance calendar, risk assessments, form submissions, code of ethics, and automation for employee onboarding. The mobile application will simplify the employee experience while adding security.

“We’re delighted to partner with Motley Fool Wealth Management and Motley Fool Asset Management, firms that are among the most technologically advanced asset managers in the marketplace,” said Carlos Guillen, President & CEO, BasisCode Compliance. “We realized early from our meetings that their entities had a sophisticated workflow, automation, and integration requirements which only the latest technology can deliver in an effective and secure environment.”

BasisCode Compliance offers the industry’s most comprehensive software platform, improving compliance management for financial firms and compliance consultants by simplifying compliance management processes ranging from compliance testing and risk assessment to trading surveillance, insider trading and staff certifications.

About Motley Fool Asset Management
MFAM is a research-driven boutique asset management firm headquartered in the greater Washington, D.C. area that offers a select suite of mutual funds and ETFs. For more information, visit our website at

About Motley Fool Wealth Management
Motley Fool Wealth Management is a technology-enabled wealth management firm headquartered in the greater Washington, D.C. area that utilizes asset allocations among a suite of proprietary SMA strategies based on fundamental analysis and market research to serve clients. For more information on Fool Wealth, visit our website at

About BasisCode Compliance
Founded in 2011, BasisCode Compliance LLC is the first compliance software company to reverse engineer a complete governance, risk and compliance (GRC) solution, including Code of Ethics administration. The scalable, fully integrated and always audit-ready software platform manages the risk lifecycle from identification to resolution. It enhances compliance controls and decision-making to safeguard each firm and its clients. Over 400 organizations globally rely on BasisCode.

To learn more, visit 

SOURCE BasisCode Compliance LLC

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BasisCode Compliance LLC Announces New Platform Release with Filer Module, Multi-Language Support and Notes Enhancement

ATLANTA, GEORGIA, USA, April 1, 2021 / —

The latest BasisCode Compliance™ platform release launches a Filer Module, Multi-Lingual Support in the launch portal, and a new Notes feature to further enhance the robust compliance technology management platform.

“These enhancements are a welcome addition for clients across the BasisCode platform,” says Carlos Guillen, President and CEO. “Each innovation is designed to make the job of compliance officers and consultants easier, more accurate and efficient, and audit-ready.”


BasisCode Compliance Announces Keynote Speaker and Agenda for 2021 Compliance Consortium

Cipperman Compliance Services, MGL Consulting and Bates Group all partner as Platinum Sponsors of the 1st BasisCode Compliance Consortium on December 6-7, 2021

ATLANTA, GEORGIA, USA, March 22, 2021 / — BasisCode Compliance™ announced the Keynote Speaker and preliminary agenda for the BasisCode Compliance Consortium being held December 6-7, 2021, at the TradeWinds Island Resort in St Pete Beach, FL.

“As the emphasis and focus on Cybersecurity concerns remains top of mind for our clients, we’re excited to have Brian Hahn, ethical hacker and President of MTradecraft, join us as the Keynote Speaker of the event,” says Carlos Guillen, CEO of BasisCode Compliance, LLC.

BasisCode Compliance™ Adds RegNews Powered by RegAlytics Into its Leading Compliance Management Software Platform

Never miss regulatory alerts, proposals or new rules with a customizable RegNews feed embedded into the BasisCode Compliance™ Management Software system.

ATLANTA, GEORGIA, UNITED STATES, January 26, 2021 / — BasisCode Compliance™ announced that it has incorporated RegNews powered by RegAlytics US Alerts™ into its powerful compliance software platform. RegAlytics is the leading provider of daily regulatory updates, sourced from over 1,500+ US financial services and insurance regulators.

“Regulatory alerts and updates are essential for our consultant partners and clients to stay abreast of meaningful compliance issues that effect their business and growth,” says Carlos Guillen, CEO of BasisCode Compliance LLC.

BasisCode Compliance Announces December 2021 BasisCode Compliance Consortium

In its 10th year of compliance tech innovation, BasisCode launches a unique, hands-on compliance consulting and technology conference on December 6-7, 2021.

ATLANTA, GEORGIA, U.S., December 15, 2020 / — BasisCode Compliance™ announced it will host the BasisCode Compliance Consortium December 6-7, 2021, at the TradeWinds Island Resort in St Pete Beach, Florida. The two-day event will unify the hands-on practical application of a user conference with content-rich sessions on compliance best practices led by the industry’s leading compliance consultants.

Bates Group Selects BasisCode as Compliance Software Platform Partner

Bates Compliance Consulting Practice Will Utilize BasisCode to Optimize Delivery of its Client Consulting Services


ATLANTA, GEORGIA, US, December 1, 2020 / — Bates Group LLC has adopted the BasisCode Compliance™ software platform to serve as the compliance management and service delivery vehicle for its Bates Compliance consulting practice.

“We’ve been evaluating the evolving needs of our compliance consulting clients, and looking for a software platform that could address their needs while optimizing our own ability to enhance the delivery of our consulting services,” said Jennifer L. Stout, Chief Executive Officer of Bates Group. “When we discovered BasisCode Compliance, we were confident that this solution would enable us to improve our efficiency and strengthen our ability to support our clients.”


Core Compliance Adopts BasisCode Compliance Software Platform

The partnership will help client firms increase compliance efficiency and enable BasisCode to identify and meet future financial industry needs.

SAN DIEGO, CA and ATLANTA, GA  November 10, 2020 – Core Compliance & Legal Services, Inc.℠ ( has adopted the BasisCode Compliance™ ( software platform to improve and streamline compliance management and program implementations of its consultancy clients.


IAA Today: Maximizing the Benefits of Compliance Technology


By Carlos Guillen, President & CEO
July 10, 2020

Originally published in IAA Today, an Investment Adviser Association publication.

It has now been almost 20 years since the first computer software was introduced to help compliance ofcers automate the many tasks involved in the day-to-day management of a company’s risk and compliance program. Over this time, compliance technology software has become increasingly sophisticated with fully integrated solutions that can track multiple tasks in different functional areas on a common platform optimizing compliance and risk management programs.

While compliance technology solutions have provided chief compliance officers (CCOs) with the tools to better manage the myriad of compliance tests and procedures, the challenges they face have also increased proportionately as a result of increased FINRA and SEC regulation and the promulgation of complex new rules. When you add in additional reporting requirements which come with industry consolidation, acquisitions or global expansion, harnessing the capabilities of compliance technology to meet these new challenges becomes a goal unto itself.

The purpose of this brief is to share the experiences of compliance professionals and consultants on how they maximize the benefits of compliance technology for their firms and for their clients. We will be looking at three key measurements criteria in assessing compliance technology benefits – effectiveness, efficiency and risk reduction.


Magellan Financial Group Limited Adopts BasisCode Compliance System in Australia

Key Factors in Selection Cited Include BasisCode’s Expansive Functionality and Ease-of-Use 

SYDNEY, Australia and ATLANTA, June 1, 2020 — Magellan Financial Group Limited (Magellan), one of Australia’s leading fund management companies with over A$96 billion in assets, has selected BasisCode Compliance LLC as the provider of its personal trading system.

Technology Release to Include New Launch Portal UI

Technology Release Notes

As part of our commitment to our Clients and Partners, continuous enhancement, and innovation across the BasisCode platform remains our priority. Below you will find a summary of the new features included in our new release.


CORE-CCO Continues to Expand Relationship with BasisCode Compliance

ATLANTA and DALLAS, April 20, 2020 – CORE-CCO, LLC (, a compliance consulting firm specializing in providing comprehensive outsourced solutions to privately- managed funds including private equity and hedge funds, announced that it has been migrating a large number of its fully outsourced clients onto the BasisCode Compliance LLC software platform.


MGL Consulting Adopts BasisCode Compliance Software Platform

THE WOODLANDS, T.X. and ATLANTA, April 8, 2020 – MGL Consulting, LLC (, a pioneer in the compliance and risk management sector, has adopted the BasisCode ComplianceTM ( software platform to serve as a compliance management system for the firm’s investment clients.


A Message to BasisCode Compliance Clients Regarding COVID-19

Dear Client:

The world looks entirely different today as we face the realities of the COVID-19 pandemic. We are struck by the way in which people have pulled together and adapted to a new environment to ensure their safety and the safety of others.

At BasisCode Compliance, we know that in these uncertain times, our clients and partners are facing operational uncertainty and volatility with a degree of confidence thanks to the technological advancements that make working from home a viable possibility today.


How to Best Work with Compliance Consultants


The following is an edited transcript of a recent NSCP-hosted webinar on how to best work with compliance consultants. Meghan Flanagan, deputy executive director for the National Society of Compliance Professionals, introduced the discussion. Participants were Carlos Guillen, CEO, BasisCode Compliance, who served as moderator; Janaya Moscony, president, SEC3; James Spinelli, COO, Great Valley Advisor Group; Jon Wowak, COO, Cipperman Compliance Services; and Jason Ewasko, CCO, Cipperman Compliance Services.


BasisCode Compliance Launches Consultant Marketplace Web Portal

Industry-Leading Compliance Consulting Firms Can Now Showcase Expertise, Services and Reach New Clients Inside the BasisCode Platform

ATLANTA and NEW YORK, June 19, 2019 – BasisCode Compliance LLC (, developer of the industry’s leading compliance management software platform, has launched Consultant Marketplace, an exclusive web marketplace that enables compliance consultants to showcase their firms, expertise, and range of services to attract new clients.


New Governance and Audit Manager Software from BasisCode Provides Enhanced Oversight for Governance, Board and Audit Functions for Financial Firms

Enterprise Risk Managers Can Now Track Multiple Audit and Governance Functions on Single Integrated Platform

ATLANTA, March 6, 2019 – BasisCode Compliance LLC (, developer of the industry’s leading compliance management software platform, has expanded its platform offerings by adding new functionality to help financial firms better manage their governance, board and audit functions. (more…)

Barge Consulting Selects BasisCode Compliance Software Platform

ATLANTA, January 22, 2018 – Barge Consulting, LLC (, which specializes in SEC consulting services under the Investment Advisor and Investment Company Acts of 1940, has adopted BasisCode Compliance LLC’s software platform to improve and streamline compliance management for its investment management and advisor client base.


When to Hire a Third-Party Compliance Consultant Webinar

BasisCode CEO, Carlos Guillen, recently moderated a webinar hosted by the National Society of Compliance Professionals (NSCP) which brought together leading compliance professionals and consultants who shared insights on how to best utilize compliance consultants. The expert panel explored issues regarding when to hire a third-party compliance consultant; what types of work can be done; how to evaluate consultants; and differences between a fully-outsourced consulting relationship versus project support.

We invite you to listen to the NSCP webinar below.

Focus 1 Associates Joins BasisCode Advisory Council

MEDFORD, Ore. and ATLANTA, Aug. 6, 2018 /PRNewswire/ — Focus 1 Associates LLC (Focus 1), specializing in assisting registered investment advisers with their compliance needs, has joined the BasisCode Advisory Council.

BasisCode Compliance LLC ( is a leading provider of regulatory compliance software solutions. The advisory council consists of leading compliance consulting firms that provide input for the continuing development of BasisCode’s award-winning Compliance Consultant Manager software platform. (more…)

Can Regtech Firms Build a Higher Standard of Compliance?

Originally written by Rhea Wessel – CFA Institute – Can Regtech Firms Build a Higher Standard of Compliance?

As compliance challenges grow more complex and failures more costly, managers need new solutions, but technology can’t replace integrity.

Key Points

  1. Regulatory technology, or “regtech,” is being used to automate workflows for monitoring and disclosure.
  2. Transparency and disclosure will be important for future business models, according to a recent CFA Institute report.
  3. “Instead of putting the regulation first, put the ethical conduct that your client expects first,” says Glenn Doggett, CFA.


BasisCode Compliance Software Selected by Penn Mutual for Internal Audit Group Functions

Leveraging BasisCode Essentials Platform already in place at Penn Mutual Asset Management

HORSHAM, Pa. and ATLANTA, July 23, 2018 /PRNewswire/ — The Penn Mutual Life Insurance Company (Penn Mutual) has recently selected BasisCode Compliance software to assist its internal corporate audit group in automating audit tasks, risk assessments, FORMs and certifications. (more…)

Private Funds Look to Tech to Tackle Regulatory Burden

CenterSquare now uses BasisCode Compliance software for their compliance needs.

The regulatory requirements are only increasing, and a lot of things are being deferred,” he says. “To meet all the requirements and meet them well, it’s not like you can just do your best – you have to do it correctly.

[The full article is published in full at FUNDfire A Financial Times service.]

Focus 1 Associates Implements BasisCode Compliance Software Platform

MEDFORD, Ore. and ATLANTA, February 5, 2018 –Focus 1 Associates LLC (, specializing in assisting registered investment advisers—institutional, wealth advisers, family offices, and advisers to private funds—with their compliance needs under the Investment Advisers Act, is implementing BasisCode Compliance LLC’s software platform to improve compliance management for its U.S. and non-U.S. client base. (more…)

CenterSquare Investment Management Adopts BasisCode Compliance Software Platform

PLYMOUTH MEETING, PA, and ATLANTA, January 11, 2018 – CenterSquare Investment Management (, a global investment manager focused on actively managed real estate and infrastructure strategies, announced today the implementation of the BasisCode Compliance software platform as its core compliance management system for its global investment staff and clients.


BasisCode Introduces New Management Efficiency Tools for Compliance Consulting Firms

ATLANTA, October 12, 2017 – BasisCode Compliance LLC (, a leading provider of regulatory compliance software solutions, is introducing a comprehensive managerial dashboard for compliance consulting firms which allows these fast-growing firms to better monitor and manage the high-level information activity and tasks for their clients and consultant employees. (more…)

Dynamic Wealth Advisors Adopts BasisCode Compliance Software Platform

SCOTTSDALE, Ariz. and ATLANTA, September 18, 2017 – Dynamic Wealth Advisors (, an advisory and practice development firm servicing independently-owned advisory practices throughout the U.S., has implemented BasisCode Compliance LLC’s software platform to improve compliance management for its own RIAs and the independent RIAs for whom it provides back office services. (more…)

BasisCode Compliance Software Contracted by Leading Robo Adviser

ATLANTA, June 26, 2017 – BasisCode Compliance LLC has been contracted by leading automated financial planning and investment service, Wealthfront, to upgrade the firm’s compliance management program with BasisCode’s software platform. (more…)

NSCP Currents: May 2017 Special Reprint

Managing the Impact of High CCO Turnover in Financial Services Sector

By Carlos Guillen

In 2016 when search firm Russell  Reynolds  released  its study of the role of the corporate compliance officer in the financial services sector(1), the most alarming finding was that there was a 40% turnover rate among CCOs  over a two-year period. This does not come  as a surprise to those of us in the compliance world.  We  have been dealing with  the  growing  impact  of  CCO turnover for some  time  as  asset  management  firms, banks and  insurance  companies  have  had  to  grapple with the increasing complexity of compliance regulation and  the  dearth  of  qualified CCOs. Read the full article here.

Leading Compliance Consulting Firms Join BasisCode Advisory Council

5 Leading Compliance Consulting Firms Join BasisCode Advisory Council as charter members

ATLANTA, January 3, 2017 – BasisCode Compliance LLC (, a leading provider of regulatory compliance software solutions, has formed an advisory council of leading compliance consulting firms to provide industry input in the continuing development of its award-winning compliance software platform. (more…)

Cipperman Compliance Services Implements BasisCode Compliance Software Platform

WAYNE, Pa and ATLANTA, November 15, 2016 – Cipperman Compliance Services LLC (, a leading provider of regulatory compliance services for investment advisers, registered and private funds, broker-dealers and money managers that collectively manage more than $40 billion in assets, is implementing BasisCode Compliance LLC’s software platform to improve compliance management for its global clients. (more…)

New SEC Rules Increase Scrutiny of Outside Compliance Chiefs


The new SEC rules underscore the importance of selecting a qualified chief compliance officer.

By Carlos Guillen

With the Securities and Exchange Commission announcing adoption of Form ADV amendments proposed last year, regulated entities must now report if they outsource their chief compliance officer, and specify the name and tax identification for that individual.

The goal, according to the agency, is to enhance monitoring and regulation of the asset management industry, and improve the agency’s ability to assess potential risk. Firms must file newly amended Form ADVs under the requirement with the first amendment filed after October 1, 2017. (more…)

BasisCode Launches First Comprehensive Insider Trading Software Solution

Insider Trading Manager Detects Suspicious Trades by Tracking and
Analyzing Trading through Pre-Programmed Filters;

Integrates into Compliance Work Flow and Minimizes “False Positives”

ATLANTA, October 11, 2016 – The first comprehensive insider trading software, which tracks and analyzes trading in real-time and detects suspicious trades, has been introduced by BasisCode Compliance LLC (, a leading provider of regulatory compliance software solutions.

Insider Trading Manager™ addresses a major and prevalent risk faced by financial services firms today in terms of reputational damage and even survival. The software provides a complete work flow analysis totally integrated into a firm’s compliance monitoring system. (more…)

Software to Play Increasingly Important Role Given Scarcity of Skilled Compliance Specialists


At the end of a year in which regulators placed compliance management at the top of their list of priorities, financial firms should assess the processes and systems they have in place to prevent compliance breaches, such as failing to develop and enforce written policies and procedures (P&Ps). According to “Cost Of Compliance 2016,” a Thomson Reuters global survey of financial services firms, technology solutions may play an increasingly important role given the scarcity of skilled compliance talent.

[This article is published in full at Corporate Compliance Insights.  The Thomson Reuters Cost of Compliance survey findings can be found at:]

Tech Prep Ahead of a Compliance Review



By Carlos Guillen, President & CEO BasisCode Compliance

When Securities and Exchange Commission Chair Mary Jo White testified before the U.S. Senate Committee on Banking last month, she reiterated her recommendation that the SEC propose a new rule requiring independent compliance reviews of registered investment advisers.  The goal isn’t to replace regulatory exams but to improve overall compliance among what she described as the “vast and growing” population of RIAs.

[Originally published at Financial Planning and Bank Investment Consultant]

BasisCode Compliance named 2016 Industry Awards finalist

Atlanta, Ga. – July 19, 2016 – BasisCode Compliance, provider of the industry’s most comprehensive integrated compliance management software solutions for investment advisors, broker/dealers, compliance consultants and other professional services firms, has been named a finalist in the compliance category of’s 2016 Industry Awards for the version of its software developed for compliance consultants.


How software can help smooth the transition to fiduciary-rule compliance

By Carlos Guillen, President & CEO BasisCode Compliance

investment_newsAlthough the U.S. Department of Labor’s (DOL) fiduciary rule has become the subject of two new lawsuits that could delay implementation, many investment advisers, brokers-dealers and other firms that offer retirement accounts are making operational changes to transition from transactional commission structures to fee-based fiduciary relationships.  [Originally published at Investment News]

Chief compliance officer held personally accountable

By Carlos Guillen, President & CEO BasisCode Compliance


It seems not a day passes without an enforcement action related to a compliance breakdown of some sort grabbing headlines.   Precedent is being set to suggest that a firm’s senior executives, including the chief compliance officer (CCO), could be held personally accountable for inadequate compliance oversight.

[Originally published at Money Management Executive]

Software to make compliance easy for financial advisers

 By Sheryl Rowling


Following through and documenting ongoing compliance tasks can sometimes be overwhelming. Yet, this is a reality all financial advisers must face. From returns dispersion to reporting, billing to fee schedules, advertising to gift recording, model compliance to ongoing management documentation, and monthly employee activity reports to annual compliance reviews, there is a never-ending stream of activities to perform and records to keep.   Two software providers have addressed this need: BasisCode Compliance and RIA in a Box.

[Originally published at Investment News]

HA&W Wealth Management Turns to BasisCode for Compliance

By Anthony Malakian, US Editor of Waters magazine and

waters_technologyBasisCode Compliance, which launched a self-subscription service this week, is helping HA&W Wealth Management to more efficiently manage its compliance needs.   HA&W Wealth Management’s Debbie Powell talks to Waters to explain how the firm is using BasisCode Compliance, while BasisCode Compliance’s Carlos Guillen discusses the vendor’s new self-subscription service and its soon-to-be-launched insider trading software for detection.  [Originally published at Waters Technology]

Do Yourself a Favor: DON’T Do Yourself A Favor (Compliance Tech Tip for Improving Business Expense Management)

By Carlos Guillen, President & CEO BasisCode Compliance


In an effort to influence prospects or clients, corporate executives occasionally blur the lines between acceptable forms of persuasion and expense management misconduct.  If there’s any message executives and compliance supervisors should communicate before employees turn above-board business into bribery, it’s: Do yourself a favor, and don’t do yourself a favor when wooing business.

Compliance Consultants Turning to Technology While in Regulators’ Crosshairs

The rise of high-profile regulatory mishaps involving compliance gatekeepers is leading to greater scrutiny of technology tools


By Carlos Guillen, President & CEO BasisCode Compliance

With compliance management intermediaries in regulators’ crosshairs, some law firms and consultants are turning to technology to improve compliance management on behalf of their clients while running their businesses more effectively. In February, for instance, Warrendale, Pennsylvania-based Hardin Compliance implemented a new software platform to standardize and streamline compliance management for its clients.

[Originally Published at LegalTech News]

Hardin Compliance Consulting selects BasisCode Compliance software

ATLANTA, Ga. – BasisCode Compliance today announced that Hardin Compliance is implementing the BasisCode Compliance™ software to help the full-service regulatory compliance consulting firm more easily manage compliance on behalf of its clients.

BasisCode introduced its new software platform, designed specifically for compliance consultants, law firms, auditors, accountants, fund administrators and other compliance management intermediaries, in October.  BasisCode Compliance is the industry’s broadest set of integrated software solutions that improve compliance management for consultants, asset managers, investment advisors, broker/dealers, insurance companies and other service providers.

“Previously, like many consultants, we relied on manual processes and spreadsheets, but we have found the BasisCode Compliance software does a better job helping us aggregate and manage compliance data across our varied clients,” said Hardin Compliance Managing Director Jaqueline Hummel.  “Now our staff can be more productive and we can document compliance management activities in a more structured way, for internal and external reporting.”


Compliance Software in the Spotlight with Consultants in Regulators’ Crosshairs

By Carlos Guillen, CEO and President, BasisCode Compliance

Consultants Compliance Software with Wealth Management

Fueled by an increasingly risk-averse regulatory environment, the compliance consulting industry has grown sharply in recent years.  A number of consultants are turning to technology to quickly put a more scalable infrastructure in place and to better manage compliance programs on their clients’ behalf. (more…)

Voices: Being Ready When Regulators Come



By Carlos Guillen, President & CEO BasisCode Compliance

Upgrading technology is the secret to staying in good stead with regulators.

By streamlining risk assessments, compliance reviews and ongoing compliance management, technology can help financial firms and compliance consultants maintain a culture of compliance, which regulators are making a top priority this year.

Technology can play an even more important role in reaction to a breach, delivering hard evidence of a company’s efforts to maintain an audit-ready business. Here’s how:

  1. Proactively identify, mitigate and manage compliance risk
  2. Actively maintain and document P&Ps
  3. Maintain fluid communication between employees and supervisory staff

[Originally Published at Financial Planning]

BasisCode is Hiring a Developer

BasisCode Compliance is hiring an experienced web developer. Must be highly proficient in HTML, CSS, JavaScript, and jQuery. Experience with ASP.Net is also required along with related technologies such as C#, Entity Framework, Web API, MVC, Web Forms, and IIS. Expertise within Visual Studio is expected. Experience with Telerik and Kendo UI is highly preferable. Hybrid mobile experience is also preferable.

Must be easy to work with and self-driven. No micromanagement here. We need people who will work remotely, independently and meet assigned deadlines with high quality output as expected by our clients.  Work for a small, growing company with competitive benefits and compensation structure. If interested, please send a resume and any other relevant information to .

When it Comes to Compliance, Compliance Evidence is Everything

As industry debate intensifies regarding chief compliance officer liability and the perils of outsourcing, compliance professionals should take a closer look at how technology can keep their firms in good stead with regulators.  When it comes to compliance management and malfeasance, compliance evidence is everything, and technology can prove invaluable.  Regulated firms and those that rely on consultants, third-party administrators, law firms or others to handle compliance can reduce the risk of lapses by leveraging software solutions designed to better manage compliance programs. (more…)

Managing the convergence of compliance and technology

October 15, 2016

By Carlos Guillen, President & CEO BasisCode Compliance

investment-newsCitigroup recently agreed to pay a $15 million penalty for failing to enforce compliance breaches that technology could have prevented. As evidenced by such high-profile cases, even some of the leading financial firms overlook the role that technology can play in avoiding costly compliance failures.

[Originally Published at Investment News]

Is Compliance Keeping Up With Your Automated Advisory Tools?

By Carlos Guillen, President & CEO BasisCode Compliance

Automated advisory tools such as account aggregation, portfolio analysis and financial planning systems are being touted for their ability to increase productivity while allowing advisors to collaborate more easily with clients.  Included in many next generation toolkits, robo advisors rely on algorithms and model portfolios to automatically align client portfolios with risk tolerance and other predefined thresholds.

[Originally Published at Financial Planning]

BasisCode Compliance introduces new software for compliance consultants

Atlanta, GA. – October 27, 2015 – BasisCode Compliance today announced a new version of its software developed specifically for compliance consultants.  BasisCode Compliance is the industry’s broadest integrated compliance software platform for asset managers, advisors and other financial services firm.   The new software helps attorneys, auditors, fund administrators, accountants and other consultants more easily manage compliance on behalf of their clients. (more…)

Compliance Data Analytics: Do as Regulators Say AND as They Do

By Carlos Guillen, President & CEO BasisCode Compliance


When it comes to leveraging technology to create and manage an effective compliance program, investment advisors should take a page from regulators’ rule books.  The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) announced that one of its top three priorities for the year, along with protecting retail investors and assessing market-wide risks, is using data analytics to identify signs of illegal trading activities, conflicts of interest or other forms of misconduct.

[Originally Published at]

BasisCode Compliance named 2015 Industry Awards finalist

wma15-brand-mainBasisCode Compliance, provider of the industry’s broadest integrated compliance software for asset managers, advisors and other financial services firms, has been named a finalist in the compliance technology category of’s 2015 Industry Awards, the first program to honor outstanding achievements by companies that help advisors better manage their businesses through innovation, enhanced service quality or an enriched advisor/client experience. (more…)

BasisCode Compliance, SEI and Other Expert Panelists Address Compliance Concerns Facing Investment Managers

A panel of experts from SEI, BasisCode Compliance, and EisnerAmper discussed best practices, technology and data management, and compliance controls at a knowledge partner event hosted by SEI on April 23. The panelists shared their experiences, practical guidance and insights to address some of the concerns managers have as they reconcile their compliance programs against their business needs.

SEI Selects BasisCode Compliance Technology Platform for Managing Compliance Across Products and Jurisdictions

OAKS, Pa., April 13, 2015 – SEI (NASDAQ:SEIC) today introduced SEI Firm Compliance, a new global regulatory management framework that equips investment organizations to oversee and orchestrate compliance functions firm-wide, across investment products and regulatory jurisdictions. SEI’s Investment Manager Services (IMS) division developed the compliance framework as an add-on to the customized global operating platform it provides to its investment manager clients. (more…)

With Fiduciary Rules Pending, Get Your Compliance Act in Order

By Carlos Guillen, President & CEO BasisCode Compliance

Financial Planning

Given the graying of America, advisors must implement operational best practices to compete for and manage increasingly lucrative retirement account dollars.  As investors struggle to digest retirement plan language that can obscure fee-sharing arrangements, which ultimately affect the performance of their IRA and 401(k) accounts, both the SEC and Department of Labor are mulling historic regulatory reforms.

[Originally Published at Financial Planning]