Subserveo Case Studies
Broker Dealer Firm: Capital Investment Companies®
Capital Investment Companies® is an independent broker-dealer with 78 branches located in eight US states. The company, founded in 1984 by Richard Bryant and Bobby Edgerton, has more than 200 registered representatives, four RIAs, and a dozen registered CPAs to service its clients, offering a wide range of financial products and services including stocks, mutual funds, insurance, mortgages, trusts, estate planning, and more.
Capital Investments, like so many others in financial services today, is mindful of the increasing compliance scrutiny that has been advanced in recent years by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). The tighter regulatory environment has made the threat of fines due to non-compliance a hot topic of discussion and has escalated the level of concern around compliance for many broker-dealers. In an industry where thousands of trades are placed daily on behalf of a firm’s clients, the potential for oversights that can result in regulatory fines is significant.
Department and branch supervision, operational risk, operational surveillance, market integrity, suitability surveillance, and anti-money laundering regulations all weigh heavily on the minds of compliance officers, branch supervisors, executives, and investors. Bryant notes: “This is a risk-based business that you manage across how you sell, who you hire, and everything you do.”
Capital Investment Companies needed a compliance solution that was easy to use, affordable, and effective. This case study outlines their approach and how their choice resulted in an enhanced compliance environment, easy deployment, a better view of their business and a great return on investment.
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