STP launches ComplianceAdvisor to meet increasing regulatory needs
STP’s Dan Houlihan, CEO, shared insights with Private Funds CFO reporter Jennifer Banzaca on the launch of STP’s ComplianceAdvisor.
Dan noted that while STP has in the past offered some basic compliance services, they were only offered to institutional firms who outsourced some or all of their investment operations to STP. STP ComplianceAdvisor greatly expands STP’s capabilities as well as its outreach, offering comprehensive regulatory and compliance services to address the ever-evolving regulatory landscape for all investment advisers; including hedge funds, private equity advisers, wealth managers and family offices.
In addition, Dan touched on why STP launched ComplianceAdvisor by stating that, “STP’s clients were seeking assistance with all areas of their compliance programs. As we listened to our own client’s needs, we saw the benefit we could bring to the industry by presenting a comprehensive offering that combines the power of STP’s existing services with the compliance services investment advisers demand. For example, by leveraging client and portfolio data STP already has, we are able to efficiently and accurately prepare a client’s regulatory filings without client involvement in the data-gathering process. We are also able to assist firms in their marketing and advertising by calculating performance on one side of the house and drafting compliant disclosures on the other. By adding compliance services to our portfolio of offerings, we are able to offer consolidated services and create efficiencies for clients.”
Read more on Dan Houlihan’s comments and why STP launched ComplianceAdvisor here.
