Grassi & Co. is a premier professional service organization specializing in accounting, auditing, tax, technology, and business consulting services. With offices in Manhattan, Long Island and New City, the firm has a dominant presence in the NY Metro Area. Grassi & Co. has been ranked among the Top 100 largest firms in the U.S. by both INSIDE Public Accounting and Accounting Today, the Top 20 largest firms in the New York Metropolitan area by Crain’s New York Business and the Top 10 largest firms on Long Island by Long Island Business News. Grassi & Co. specializes in professional services for the Construction, Architecture & Engineering, Financial Services, Manufacturing & Distribution, Retail, Technology, Media & Telecommunication, Transportation, Not-for-Profit and, Healthcare industries, among others. For More Detail Please Visit our Website : http://www.grassicpas.com/
Grassi Fund Administration Services, Inc. (GFAS) Launches Compliance and Regulatory Services
Grassi Fund Administration Services is pleased to announce our new Compliance and Regulatory Services division provided through Grassi Fund Administration Services, Inc., (GFAS). Grassi understands the labyrinth of requirements that fund managers must comply with, but addressing the current environment can mean straining the resources of the fund. At GFAS, our team of professionals is experienced in regulatory and compliance requirements, and understands the need for fulfilling essential requirements with customizable solutions. Grassi Fund Administration Services, Inc. provides comprehensive Compliance and Regulatory Services to enable its clients to establish and maintain rigorous compliance programs, risk assessments, mock audits and anti-money laundering and KYC services. Through a hands-on, consultative approach to client needs, GFAS is able to identify the stringent yet ever- changing, and sometimes obscure, regulatory requirements. Combining experienced professionals with a robust technology platform, GFAS is able to produce customized solutions to carve through a multitude of requirements and comply with a governing landscape that can be very overwhelming.
Using a collaborative approach to client’s specific requirements, GFAS can serve as a complete outsourced compliance resource. We provide regulatory services including registration services; Form ADV (Parts 1&2); Form PF; FATCA; Schedule 13F and other regulatory filings; regulatory reviews and governance; disclose requisite state and federal registration changes; and annual reviews.
The compliance program includes consulting to help analyze relevant requirements; development of a tailored compliance program and a customized compliance manual; ongoing monitoring and surveillance; and the creation and test of business continuity and disaster recovery plans. The risk assessment portion includes the examination of core compliance needs and key risk assessments and due diligence.
“With the numerous regulatory and compliance changes that have occurred and are continuing to occur each day, GFAS’ new service offering will help us achieve a more detail-level of services that will be customized to each client’s needs,” said Avi Rosenblatt, Financial Services Senior Manager. “With our expert knowledge we will be able to assist our clients with their regulatory requirements.”
“Compliance and Regulatory Services is a much anticipated addition to our line of services being offered to our clients in the financial services niche,” said Ron Honka, Partner-in-Charge of Financial Services. “This offering, coupled with the successful launching of our (Grassi Emerging Manager Success (GEMS) Program, demonstrates our continued dedication to our clients and the industry in providing cutting-edge solutions to their needs that will allow them to succeed.”
Services also include: mock audits; mock regulatory exams; SEC, AIFMD, FINRA, CFTC, and ESMA compliance; and domestic and international capabilities.
About GFAS: Grassi Fund Administration Services, Inc. (“GFAS”), a subsidiary of Grassi & Co., offers services that provide complete administration of all operational fund functions. By partnering with clients, our Team is able to assist in building profitable and compliant funds as well as take an active role in the development and implementation of processes and procedures that result in a more efficient operational structure.
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