DueDilSlide

 

Recent SEC examination initiatives and regulatory guidance from the FDIC, OCC, and Federal Reserve have reinforced the corporate governance and prudent business practice of conducting more thorough, ongoing due diligence of your:

  • Third party broker dealer partner; and
  • Turnkey asset management providers (TAMPS).

These requirements impose additional staffing and financial burdens. To ease these burdens, we have launched a service to conduct due diligence on third party broker dealers and TAMPS. We are providing standardized due diligence reports that are shared by many banks and credit unions.

What's the benefit to you? You will be able to fulfill your due diligence obligations less expensively and more efficiently, and be comfortable that you have a due diligence process and product that will pass muster with regulators.

What's the benefit to your third party broker dealer partner or TAMPS? These providers have to react to numerous requests from their bank partners for due diligence information, most seeking slightly different information in different formats. By working with one or a few due diligence providers, it can reduce the burden of responding to these requests.

Why KBR&C? We are uniquely qualified to provide due diligence on third party broker dealers and TAMPS. We have published an annual review of the largest third party BDs since 2006, and consulted for dozens of banks and credit unions on the selection of a TPM. We have also provided comprehensive due diligence on TAMPS and UIT providers for bank regulators.

Our due diligence practice is directed by principal Jonathan Gabriel, who has extensive experience with banking, securities, and insurance regulators and has conducted due diligence for banks on  third party broker dealers, turnkey asset management platforms, insurance companies, and the credit quality of asset holdings.

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Download the Due Diligence on TPM Prospectus

 

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Download the Due Diligence on TAMPS Prospectus

 

Please contact us for more information and pricing:

Dr. Kenneth Kehrer
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Jonathan Gabriel
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