The Challenge of Implementing and Adopting Compliance Technology

Webinar:  Thursday, February 23 at 1 pm ET

Adopting technology across a financial services enterprise is challenging, fraught with risk and requires significant expertise and forethought.

This challenge is exacerbated when adopting compliance technology. Many CCOs already wear multiple hats and may not have adequate capacity to undertake a technology implementation. Furthermore, the highly regulated wealth industry puts pressure on firms to successfully align their technology with their policies and procedures.

Join us on February 23rd at 1 pm ET to hear Kovack Financial Network, Oyster Consulting LLC and InvestorCOM discuss best practices in successfully implementing and adopting compliance technology, specifically:

  • Overview of the challenges firms face when adopting compliance technology and what to watch for.
  • How a client-first approach can help drive adoption and ROI.
  • Success stories and lessons learned.

Meet Your Speakers

Rick Slavik Kovack Securities Inc

Rick Slavik, CCO and SVP of Supervision at Kovack Financial Network

Rick is an accomplished compliance professional with 24 years of experience in all aspects of independent broker dealer and advisory supervision and compliance. Rick is the Chief Compliance Officer for Kovack Advisors, Inc. an SEC Registered Investment Advisory Firm and Senior Vice President for Kovack Securities, Inc. a FINRA Registered Broker/Dealer (collectively Kovack Financial Network “KFN”) headquartered in Ft. Lauderdale, FL. KFN is a family-owned independent broker dealer and investment advisory firm established 1998 with approximately 400 financial professionals located in 230 registered branch offices throughout the country.

Rick is responsible for the compliance and supervision functions for both the investment advisory and broker dealer lines of business at KFN and oversees a compliance staff of 15 compliance officers and is the OSJ principal for all KFN branch offices. Throughout his compliance career, Rick has maintained roles in many aspects of compliance and supervision including risk assessments, branch office examinations, advertising review, trade surveillance, regulatory inquiries, customer complaints, outside business activity and private securities transactions reviews, Form U4 disclosure reviews, product transaction reviews, firm element continuing education training, creating firm written supervisory procedures and workflows etc.

Rick has also participated as a member of various enterprise-level committees and boards including the Enterprise Regulatory and Risk Steering Committee for Ladenburg Thalmann Financial Services, currently an affiliate of Advisor Group; Advisor on-boarding committees for KFN and previous firms; Regulation Best Interest Committee; DOL PTE 2020-02 Committee and various Conflicts of Interest Committees.

Most recently, Rick has been focusing on the firm’s SEC Regulation Best Interest Supervision as well as implementing and monitoring the firm’s policies and procedures as they relate to the Department of Labor’s Prohibited Transaction Exemption rule.

Rick earned a Bachelor of Science degree in Economics from Fitchburg State University graduating summa cum laude and can be reached at rslavik@kfn.com and LinkedIn.

Jeff Wilk Oyster Consulting

Jeffrey Wilk, Director, Oyster Consulting LLC

Jeff Wilk started his career as an Advisor and has a strong track record of executive success in strategic planning and execution, business assessment, transformation and growth. Jeff’s C-Suite expertise has enabled him to deliver measurable results within entrepreneurial and enterprise-sized organizations. Jeff was directly accountable for several mergers/acquisitions, product and digital platform transformations, patent-pending products, and operating model RFPs and overhauls, including delivering the industry’s first “Robo” platform.

Jeff has served as corporate Board Member at MetLife Securities, as well as being Chairperson, Board Member, or Advisor for several key Industry Associations.

John McDonald InvestorCOM

John McDonald, Onboarding Business Analyst at InvestorCOM

John McDonald leads the solution onboarding team at InvestorCOM. He is the author of the company’s four-step process to help clients kickoff, configure, roll out and support their compliance products. Over his 30-year career, John has worked with over 300 clients to implement complex, business-changing solutions for CRM, ERP, project management, and custom software. John is a certified software developer, business analyst, and project manager.

Dave Carr-Pries InvestorCOM

Dave Carr-Pries, VP Consulting Services at InvestorCOM

Dave has spent the last decade helping financial organizations be compliant while focusing on the client experience. He delivers best-in-class design practices, technology, and a passion for creating intuitive experiences and solutions. Dave supported the industry’s adoption and implementation of CRM2 through investor and advisor research, CRM2 report design for 30 Canadian dealers including banks, insurance companies and mid-sized independent dealers. He has since been focusing on delivering solutions for Client Focused Reforms in Canada and Regulation Best Interest in the US.