What B/D Compliance Associates does

B/D Compliance Associates, Inc. (BDCA) is a privately held, founder-owned broker/dealer and registered investment advisor compliance consulting firm founded in 1994 by Carrie Wisniewski, a former FINRA Senior Compliance Examiner. The firm is headquartered in Norcross, Georgia and operates with a small core team (President/Founder, Chief Administrative Officer, Executive Assistant) supplemented by independent senior consultants such as Ginny Voos. BDCA's offering is structured around three core service pillars — Broker/Dealer Registration, RIA Registration Services, and Compliance Consultant Services — supported by add-on lines including Mock Regulatory Examinations, Annual Compliance Reviews (SEC Rule 206(4)-7 and FINRA Rule 3130), Advertising Review, Books and Records Review, the Second Opinion Program, and a CE/Training program delivered through the QuestCE platform. The firm has no proprietary software product; all Written Supervisory Procedures, compliance manuals, AML testing protocols, and FINRA/SEC/state filings are built manually and customized to each client's business model. Revenue is generated through three engagement structures: project-based flat fees, hourly consulting with written estimates, and monthly retainers for ongoing outsourced CCO, FINOP, and independent testing services. The go-to-market is sales-led and referral-driven, anchored by Carrie Wisniewski's standing in the FINRA community (3rd term on the FINRA South Region Committee) and a Preferred Provider network with Solomon Exam Prep, Citrix ShareFile, Global Relay, and MyComplianceOffice. The customer base is concentrated in small and mid-sized broker/dealers and RIAs that lack in-house compliance resources, with named clients spanning Verity Asset Management (25+ year engagement), BBVA Capital Markets, MuniDirect, SSG Capital Advisors, Probitas Funds Group, VRA Partners, Meridian Capital Partners, Republic Strategic Advisory, JOPCO Securities, and W.H. Stuart Mutuals.

Name

B/D Compliance Associates

Legal name

B/D Compliance Associates, Inc.

Website

https://bd-compliance.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

B/D Compliance Associates is a Norcross, Georgia-based broker/dealer and registered investment advisor compliance consulting firm founded in 1994 by former FINRA Senior Examiner Carrie Wisniewski. It serves small and mid-sized securities firms via customized registration, outsourced CCO/FINOP, mock examinations, and monthly retainer engagements.

Ownership category

akta.pro rank

Product category

Regulatory Compliance Consulting

NAICS

Other Scientific and Technical Consulting Services (54169)

SIC

Finance Services (6199)

akta.pro primary industry

Financial Crime Compliance Program Management (Policies, Controls, Training) (FSAMAMAH)

Keywords

• Broker-dealer compliance
• FINRA registration services
• RIA compliance solutions
• Outsourced CCO services
• AML independent testing

Headquarters

HQ city

Lilburn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Project-Based Flat-Fee Engagements: Discrete compliance projects (e.g., new broker/dealer membership applications, mock regulatory examinations, written supervisory procedure overhauls) are priced at a flat fee. A written proposal is delivered before any work begins.
2. Hourly Consulting Engagements: Time-based consulting with a written estimate provided upfront; used for open-ended or ad hoc consulting matters where the scope is difficult to fix in advance.
3. Monthly Retainer / Ongoing Compliance Services: Recurring monthly engagements covering ongoing outsourced CCO functions, annual Rule 206(4)-7 reviews, AML independent testing, FINRA Rule 3130 certification, registration/licensing maintenance, and continuous supervisory support.
4. Broker/Dealer & RIA Registration Setups: One-time, project-based engagements for new broker/dealer and RIA registration with FINRA, SEC, and state regulators, including preparation of WSPs, CE Training Plan, and Business Continuity Plan.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Core offering

B/D Compliance Associates, Inc. (BDCA) provides broker/dealer and registered investment advisor regulatory compliance consulting to both existing and start-up operations. Core services include FINRA/SEC/state registration and membership applications, customized Written Supervisory Procedures and compliance manuals, mock regulatory examinations, outsourced Chief Compliance Officer (CCO) and Financial & Operations Principal (FINOP) functions, annual Rule 206(4)-7 reviews, Rule 3130 certifications, independent AML testing, advertising/marketing review, books and records review, and continuing education training delivered via the QuestCE platform.

Product overview

B/D Compliance Associates, Inc. (BDCA) is a single, unified professional services firm rather than a software platform. Its offering is organized around three core service pillars — Broker/Dealer Registration, RIA Registration Services, and Compliance Consultant Services — supported by specialized add-on offerings such as Mock Regulatory Examinations, Annual Compliance Reviews, Compliance Policies and Procedures, Advertising Review, Books and Records Review, Independent Compliance Consultant work, the Second Opinion Program, and Training delivered through the QuestCE platform. The Independent Compliance Consultant and RIA Compliance Services lines extend the same advisory expertise into stand-alone engagements for firms seeking periodic independent testing, Rule 206(4)-7 reviews, or outsourced CCO functions. Together these named services form an integrated consulting portfolio that guides clients through FINRA/SEC registration, ongoing supervisory system design, mock examinations, and regulator interaction.

Differentiator

Problem solved

Functional benefit

Products and services

• Broker/Dealer Registration Turnkey broker/dealer membership and registration service for new and existing broker/dealers; prepares FINRA, SEC, and state applications, Written Supervisory Procedures (WSPs) manuals, continuing education training plans, and business continuity plans.
• RIA Registration Services Registration and ongoing compliance support for Registered Investment Advisors, including IARD/WEB CRD form filings, annual renewals, customized policies and procedures, mock SEC and state inspections, and outsourced CCO services.
• Compliance Consultant Services Comprehensive third-party compliance consulting for Broker/Dealers and RIAs covering outsourced CCO functions, internal audit, independent testing, advertising/marketing review, cybersecurity testing, regulatory filing assistance, and examination preparation.
• RIA Compliance Services Customized RIA-focused compliance solutions including Form ADV and Form CRS filings, mandatory Rule 206(4)-7 annual review, Reg BI compliance, mock audits, advertising reviews, cybersecurity testing, business continuation planning, and outsourced CCO support.
• Independent Compliance Consultant Independent testing and compliance review services providing an unbiased assessment of a firm's supervisory and compliance systems, identifying risks and recommending process and operational improvements.
• Mock Regulatory Examinations Independent mock FINRA and SEC examinations that simulate regulator review to identify gaps in a firm's written supervisory procedures and day-to-day compliance practices before an actual audit.
• Annual Compliance Reviews Annual compliance reviews and independent testing, including SEC Rule 206(4)-7 reviews and FINRA Rule 3130 certifications, conducted by qualified examiners not involved in day-to-day supervision.
• Compliance Policies and Procedures Customized development and ongoing maintenance of Written Supervisory Procedures (WSPs), compliance manuals, anti-money laundering programs, and business continuity plans tailored to each client's business model.
• Advertising Review Review of broker/dealer and RIA advertising, marketing materials, and email/social media communications for compliance with FINRA communications rules and the SEC Marketing Rule.
• Regulatory Examinations / Inquiry Support Direct support during FINRA, SEC, or state regulatory examinations and inquiries, including preparation, document production, and response coordination.
• Books and Records Review Review of firm books and records, including electronic communications, email, text/IM, and BYOD correspondence, for compliance with regulatory recordkeeping obligations.
• Second Opinion Program Independent fresh-look review of a firm's written policies and procedures and day-to-day supervisory efforts, providing feedback on risks and opportunities to reduce costs and support growth.
• Training Continuing education and compliance training program covering regulatory requirements and firm-specific procedures for broker/dealer and RIA staff.

Quantifiable outcome

• FINRA Membership Application approved in as few as 90 days out of the 180-day FINRA review window
• +3 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Solomon Exam Prepminor (preferred-provider reciprocity)GTM or Marketing PartnerListed as a Preferred Provider on BDCA's website. Solomon Exam Prep offers FINRA, MSRB, and NASAA Series exam study materials (Series 7, 6, 24, 26, 27, 28, 50, 51, 52, 53, 62, 63, 65, 66, 79, 82, 99). BDCA clients receive a 10% discount using code BDCA10. Founded by Karen and Jeremy Solomon.

Scale indicators8 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• ACA Compliance Group (ACA Group): Specialist compliance consultancy offering outsourced CCO, regulatory hosting, AML, and cybersecurity services to broker-dealers and RIAs — directly comparable to BDCA's outsourced CCO, FINOP, and AML testing offerings, with a larger geographic footprint.
• Compliance Risk Concepts: Boutique compliance consulting firm focused on broker-dealers, RIAs, and hedge funds, providing outsourced CCO, mock SEC/FINRA exams, and supervisory consulting — same niche and service mix as BDCA.
• Blue Compliance Group: Boutique compliance firm offering outsourced CCO, AML testing, and registration services to small and mid-sized broker-dealers and RIAs — competes in BDCA's exact niche.
• Cipperman Compliance Services: Specialized outsourced CCO and compliance consulting firm for investment advisers and broker-dealers, with a similarly customized, white-glove engagement model targeting smaller firms — directly comparable to BDCA's sweet spot.
• National Regulatory Services (NRS): Long-standing compliance consulting and education firm serving broker-dealers, RIAs, and investment companies with registration, continuing education, and consulting services — a direct competitor to BDCA across both B/D and RIA segments.
• SEC Compliance Solutions: Compliance consultancy serving RIA and broker-dealer firms with registration, outsourced CCO, and regulatory examination support — direct competitor for BDCA's RIA registration and ongoing compliance services.
• National Compliance Services (NCS): Provider of compliance consulting, registration, and outsourced CCO services to broker-dealers and investment advisers; comparable in scale, target market, and service portfolio to BDCA.
• Core Compliance (CORE Compliance): Outsourced CCO, regulatory consulting, and AML testing firm for broker-dealers, RIAs, and private funds; competes head-to-head with BDCA on monthly retainer engagements and mock regulatory examinations.

Broad incumbents

• ComplySci: RegTech platform providing automated compliance, personal trading, code of ethics, and surveillance solutions to broker-dealers, investment advisers, and asset managers — represents the technology-driven substitute to BDCA's manual consulting model.
• Wolters Kluwer Compliance Solutions: Large incumbent RegTech and compliance-solutions provider (including ComplianceNow) offering technology-enabled supervisory, AML, and policy-management products to broker-dealers and RIAs — a broader incumbent alternative that could displace manual consulting work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about B/D Compliance Associates