RND Resources Inc compliance consulting firm joins forces with McGladrey Alliance

WOODLAND HILLS, Calif. - Feb. 1, 2016 - PRLog -- As of January 1, 2016 clients of RND Resources will begin to experience benefits of the new membership. This strategic alliance creates a more robust compliance consultant and outsourced solution for registered investment advisers (RIAs), broker-dealers (BDs), hedge funds and other financial services clients.

With 30+ years of experience in the registration and compliance consulting space, RND has the expertise needed for small to middle market brokerages, while McGladrey Alliance provides access to services and expertise of a big 5 accounting firm. Both companies have enjoyed strong growth in recent years, fueled by an increasingly demanding regulatory environment.

McGladrey Alliance provides RND Resources with sophisticated Infrastructure tools, technical resources, and a culture of growth to stay on top of emerging industry issues for its clients. This free’s up more of RND’s time to serve clients using a stronger competitive advantage and access to valuable industry expertise. “We’re now able to provide better controls, human resource training, and industry benchmarks than we have in the past”, say’s Dave Banerjee CPA.

Tax planning, financial operations services (FINOPs), certified audits, and forensic accounting services will still be provided by Dave Banerjee CPA. RIA and BD compliance consulting, registration services, federal filings services and regulatory exam support will be handled by RND Resources. New technology will be on-boarded for handling outsourced financial operations and outsourced chief compliance officer services.

Client Benefits of the new Membership

·         Access to a comprehensive suite of compliance services from a single firm

·         Service expansion across industry segments and geographies

·         Deeper benchmark intelligence and reporting standards

·         Access to big 5 CPA thought leadership, webinars, conferences, compliance newsletters, tools and training

·         Combined economies of scale through member alliance

·         Increased national presence of 38 states and growing

·         Global capabilities allow us to work seamlessly with professionals from over 100 countries

As the firms execute on-boarding in the coming months, clients and prospects can interact with RND Resources Inc as they have done in the past.  RND will continue to operate out of its Los Angeles, California headquarters while McGladrey Alliance will provide access to offices in New York and throughout the country. Dave Banerjee co-founder and CEO of RND, will continue to serve as the leadership for RND Resources Inc. Further terms of the membership were not disclosed.

The membership marks a beginning of RND’s expansion plans into New York and throughout the United States as well as Asian and European countries.  "We see full-service compliance firms like ourselves as best able to assist underserved middle market firms with global solutions and cost-effective services using trusted technology," added Banerjee.  "This will further improve our capability to deliver on services we know the industry needs and clients value, including tax services, cyber-security programs, and legal support."

Pressure from self-regulated regulatory authorities like FINRA and SEC is always focused on increasing investor protection and ensuring best practices are implemented across the firms. It’s clear that large firms enjoy economies of scale in providing clients with technology and service, now RND can help small to middle market firms get similar advantages though access to McGladrey Alliance resources. This will provide an exceptional competitive edge in responding to ever-changing government regulation, audit and risk management, and market demand for an easier, cost-efficient and centralized source of comprehensive compliance consulting services.

While respective industry focus between McGladrey and RND are complimentary, the organizational cultures are similar, with a shared goal of providing personalized, comprehensive and hands-on customer service. Together, we are able to provide high-caliber compliance solutions to RIAs and broker-dealers of any size. RND will blend and maximize the best of combined talents, capabilities, technologies and cultures to build an even stronger compliance consulting solution.

About RND Resources (www.finracompliance.com)
RND Resources Inc brings 30+ years of experience to assisting broker-dealers and investment advisers in meeting critical compliance requirements and regulatory filing deadlines. Our seasoned professionals are highly skilled in navigating the complex FINRA and SEC regulatory requirements to keep registered firms in compliance with securities regulations.  Our clients receive ongoing compliance support through monthly retainer programs, fixed fee engagements, or hourly based rates.  RND supports firms with all types of compliance, accounting, and consulting needs including; exams, FinOp and CCO services, compliance manuals, certified audits, and more.

About McGladrey Alliance (www.rsmus.com)

RND Resources Inc is proud to have been chosen to be a member of McGladrey Alliance, a premier affiliation of independent accounting and consulting firms in the United States, with more than 75 members in over 38 states. This affiliation gives RND access to a full range of national and international capabilities. As a member of McGladrey Alliance, RND has access to the resources and services RSM provides its own clients.

McGladrey Alliance provides its members with access to resources of RSM US LLP (formerly known as McGladrey LLP), the leading provider of audit, tax and consulting services focused on the middle market, with more than 8,000 people in 80 offices nationwide. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 37,500 people in over 110 countries. McGladrey Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM US LLP. Visit rsmus.com/aboutus for more information regarding RSM US LLP and RSM International.