Broker Dealer Services

SENTINEL (Comprehensive Compliance) Program

MGL’s SENTINEL program serves the unique compliance needs of financial services businesses by providing an additional level of “peace of mind” so you can spend more time building your business. Each SENTINEL relationship is a personal one that begins with an assessment of your needs, compliance risk profile, time horizons, budget concerns, strategic goals and objectives. Once your situation is fully understood, our professionals design a customized compliance plan to be implemented by MGL Consulting, LLC on an oversight basis.

To ensure our service is meeting your expectations, you will be assigned a SENTINEL Coordinator who will serve as a liaison between your firm and our service groups. Additionally, we will develop a Quarterly Report Card detailing our services so you have timely feedback on your firm’s compliance status as well as a detailed record of the services rendered. This proactive approach helps you meet all regulatory requirements as scheduled. SENTINEL clients also receive web-based access to MGL Navigator™, our proprietary registration and compliance tracking system and an open invitation to attend any of MGL’s Quarterly Compliance Chats.

The Added Value

• Provides “peace of mind”, knowing all compliance issues are being addressed in conformance with regulatory requirements.
• Smoothes out the budgeting process and avoids spikes in compliance costs. Fees are structured to amortize services over a 12-month period, even though much of these are provided up front.
• Improves communication with a SENTINEL Coordinator specifically monitoring your account.
• Generates a Quarterly Report Card for direct feedback on service quality.
• Creates a Sentinel Calendar that sets forth a tentative schedule for the various compliance tasks and activities.
• Builds a stronger partnership with MGL, enabling us to better understand the nuances of the client’s business.
• Shortens response time to compliance issues with improved MGL access.
• Provides a proactive compliance platform vs. a reactive platform. We take the initiative to address timely issues as required so the client doesn’t have to remember them.
• Provides a higher level of service with enhanced teamwork and closer client relationships.
• Keeps you constantly updated and in compliance with FINRA or SEC rulebook changes.

Focus Areas for Reporting

May include one or more of the following

• Financial and Accounting Services
• Anti-Money Laundering Compliance Program
• Annual Review of Business Operations (3012)
• Annual Compliance Meeting Services
• Annual Representative Compliance Interviews
• WSP’s and Supervisory Controls Manuals
• Continuing Education
• Registration Services
• Miscellaneous Services