Broker-Dealers

The constantly changing regulatory environment has created unique challenges to broker-dealers in their desire to remain compliant with the various organizations that govern them.

In order to respond to the growing complexity of the rules and regulations issued by the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD), self-regulatory organizations and the Federal Reserve Board, it has become imperative for these firms to engage professionals that have specialized knowledge in their industry. Marcum has responded to this demand by forming the Broker-Dealer Practice Group. Marcum is committed to the Broker-Dealer community and strives to stay on the cutting edge of the planning and compliance issues that directly affect the BD community.

Services

Our broad range of services encompasses both the specific audit needs of broker-dealers as well as their tax and consulting needs. Our services include but are not limited to the following:

Assurance Services

Financial Audits

We provide comprehensive auditing and reporting services to both privately-held and public broker-dealers.

Due Diligence and Mergers & Acquisitions

We understand the complexities of the broker-dealer industry. The Marcum Broker-Dealer Practice Group has assisted its clients in going public, raising debt and equity, as well as making strategic acquisitions.

Representation Before Regulatory Bodies

We provide assistance in compiling and organizing the information that is necessary for presentation during regulatory audits.

Entity Selection and Corporate Restructuring Services

We select the best strategies that are essential in obtaining the most favorable results relative to entity selection and corporate restructurings. Our Broker-Dealer Practice Group works with your attorney to help structure the business form of the entity to maximize liability protection while creating the most tax advantageous structure.

Accounting Services

Focus Reporting – Accounting and Bookkeeping Services

For those broker-dealers that do not require financial audits, we can provide accounting and bookkeeping services. We assist in the preparation of FOCUS reports and can transmit them to FINRA.

Assistance With Back-Office Operations

We assist in the design, implementation and training of your employees in establishing new accounting systems and implementing software to help to produce effective management reporting.