Foreside acquires Alaric Compliance Services
Foreside Financial Group, a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset management industry, has acquired Alaric Compliance Services, a regulatory and compliance services provider.
Founded in 2004, Alaric Compliance Services partners with a diversified client base, including private credit, private real estate and other alternative asset managers, advisors, broker-dealers, private fund managers, open and closed end funds and more.
Alaric Compliance Services has specialised expertise in compliance with the Advisors Act, the Investment Company Act, FINRA, NFA/CFTC, and internal investigations. This acquisition complements Foreside’s growing broker-dealer, alternatives, mutual fund, private credit, and ETF compliance practices, aligning the resources that support these traditionally separate compliance considerations.
“We’ve known Alaric Compliance Services for a long time and have been impressed with the business they have built,” said David Whitaker (pictured), president of Foreside. “They share our mission for hands-on, customised service, and we are thrilled to welcome them to our team.”
Guy Talarico, founder and CEO of Alaric Compliance Services added: “Joining forces with Foreside provides a chance for our team to springboard into greater opportunities. Their offerings and expertise really expand upon our own nicely, and we’re glad to continue maintaining our close relationships with clients.”
Foreside, which is majority-owned by Genstar Capital, acquired Hardin Compliance Consulting in June and announced a merger with ACA Group in November, creating one of the largest compliance consulting firms in the US financial services industry.
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