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FinopSolution will register as your firm's Financial & Operations Principal
(FINOP) or assist your in-house FINOP. We have demonstrated industry
experience with Broker-Dealers across the United States. FinopSolution
utilizes state-of-the-art technology and well-defined processes to assist
your firm in achieving ongoing regulatory compliance.
A typical FINOP engagement includes:
 Registration with FINRA as your firm's Series 27 FINOP. With years
of experience in successful communications with FINRA representatives,
we will be your firm's liaison and compliance officer.
Set-up of your accounting records into QuickBooks Online Version. Your
firm designated personnel will enter basic daily bookkeeping information.
FinopSolution will continually monitor and review firm input of accounting
transactions to ensure net capital compliance. FinopSolution will prepare
and enter all adjusting journal entries and reconciliations based on your firm's
bank, clearing and settlement statements. FinopSolution will ensure all
accounting data is recorded in accordance with industry standards and
Generally Accepted Accounting Principals (GAAP).
Computation and monitoring of net capital in accordance with SEC Rule
15c3-1 and electronic filing of FOCUS reports as required.
Annual preparation and electronic filing of Schedule I, as well as annual
preparation of FINRA's Assessment Form if requested by Broker-Dealer.
A flat monthly fee will be charged (typically $500-$750) based upon the
nature of the engagement and analysis of the complexity and risk undertaken.
An Engagement Agreement will stipulate all terms and specify responsibilities
of FinopSolution and the Broker-Dealer.
Contact us today for more information on our FINOP services.
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