Mike Alsoraimi: Benefits of Working With a Firm With Strong In-House Compliance

Mike Alsoraimi is the Co-Chief Compliance Officer for Kingswood Group U.S., An SEC-registered RIA and a FINRA-licensed broker/dealer that offers comprehensive wealth management and business-building services designed specifically for the independent financial advisor

In today’s episode of Power Your Advice, Doug Heikkinen and Mike talk about the complexity of managing compliance across Kingswood’s two Broker-Dealers and two RIAs. They also discuss

• The current state of compliance in the financial services industry
• Whether it’s getting tougher or easier to “get things through compliance” 
• Why it is important to automate the compliance process
• Reg BI – who it affects, and who it helps
• What regulators are looking for
• What regulators mean by “active effort”
• How advisors can communicate with their clients about regulation and how it exists to protect the investor