Monahan & Roth

What Monahan & Roth does

Monahan & Roth LLC is a privately held professional consulting firm based in San Diego, California that provides regulatory compliance consultation and litigation support services to investment industry professionals. The firm was co-founded by Alfred Monahan and Lisa Roth, and operates with 1-10 employees delivering services through three active principals and consultants: Lisa Roth (Co-Founder, Managing Member, and President), David Martin (Vice President and Managing Member), and Eric Sams (Consultant). Its service offerings are organized around two revenue streams: consulting services covering regulatory compliance for brokerage firms, investment advisers, and financial services firms; and expert witness and litigation support for securities disputes and arbitration proceedings.

The firm's core expertise spans securities industry standards, investment suitability, misrepresentation, account churning, due diligence, broker-dealer supervision, and compliance matters. Its principals collectively hold FINRA licenses including Series 4, 7, 24, 53, 66, 79, and 99, and have served on FINRA advisory boards, the FINRA National Arbitration and Mediation Committee, and the PCAOB Standing Advisory Group. Customers include top national and regional broker-dealer firms, regulators, investment professionals, legal counsel representing parties in securities disputes, and RegTech/FinTech firms requiring compliance support. Go-to-market is sales-led and almost entirely referral-based, with the firm relying on its reputation and peer recommendations within the securities regulatory community.

The business model is professional services billing on a per-engagement basis, with no publicly disclosed pricing, no software or technology product revenue, and no recurring subscription component. There are no subsidiaries, no outside investment, and the firm is entirely founder-owned. Al Monahan passed away in October 2016, after which leadership consolidated under Lisa Roth. An adjacent fintech venture, ComplianceMax Financial Corp (cMAX), was founded by Roth in 2003 to offer audit and compliance workflow technologies, but it operates as a separate entity from Monahan & Roth LLC.

Name

Monahan & Roth

Legal name

Monahan & Roth LLC

Website

https://monahan-roth.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Monahan & Roth LLC is a San Diego-based professional consulting firm providing regulatory compliance consultation and expert witness/litigation support services to broker-dealers, investment advisers, regulators, and securities counsel.

Ownership category

akta.pro rank

Product category

Securities Regulatory Consulting

NAICS

Legal Services (5411), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Litigation Support & Expert Witness Services (BPAHALAG)

akta.pro secondary industries

Litigation Support & Expert Witness (Valuation-Related) (BPAHANAG), Fraud Risk & Financial Crime Controls Advisory (BPAKADAL)

Keywords

• Securities consulting services
• Regulatory compliance consulting
• Expert witness testimony
• Litigation support services
• Investment industry advisory

Headquarters

HQ city

San Diego

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, Others

Revenue model

1. Consulting Services: Regulatory compliance consultation provided to investment industry professionals and their counsel. Billed on engagement basis for professional advisory services.
2. Expert Witness and Litigation Support: Expert witness testimony and litigation support services for securities disputes and arbitration proceedings. Revenue derived from case-specific consulting and testimony engagements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Monahan & Roth LLC provides regulatory compliance consultation and litigation support services to investment industry professionals and their counsel. The firm delivers expert witness testimony and consulting engagements covering securities industry standards, investment suitability, misrepresentation, account churning, due diligence, and broker-dealer supervision. Services are billed per engagement to brokerage firms, investment advisers, regulators, and legal counsel.

Product overview

Monahan & Roth LLC is a professional consulting firm offering regulatory compliance consultation and litigation support services to investment industry professionals and their counsel. The firm provides expert witness testimony and consulting services, with expertise in securities industry standards, investment suitability, misrepresentation, account churning, due diligence, broker-dealer supervision, and compliance matters. Services are delivered through individual consultants including expert witnesses, with no software products or technology platforms offered.

Differentiator

Problem solved

Functional benefit

Products and services

• Regulatory Compliance Consultation
• Expert Witness and Litigation Support

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Compliance Risk Concepts: Compliance Risk Concepts provides regulatory compliance consulting, AML, and litigation support services specifically to broker-dealer and RIA clients — directly comparable in niche, customer base, and advisory service lines.
• Hemming Morse, LLP: Hemming Morse is a forensic accounting and expert witness firm serving securities, investment, and financial services disputes — directly comparable on the litigation support and expert testimony dimension.
• Verum Consulting, LLC: Verum Consulting provides regulatory compliance, internal audit, and litigation support services to broker-dealers and investment advisers, with subject-matter expertise in FINRA and SEC matters — directly comparable in target customer and service mix.
• Barrington Consulting Group: Barrington Consulting Group provides regulatory compliance, operations, and litigation support services for broker-dealers and investment advisers — closely aligned with Monahan & Roth's services to the same customer base.
• Greycourt & Co., Inc. Greycourt provides regulatory, litigation, and consulting services to broker-dealers, investment advisers, and securities firms, with deep FINRA expertise — closely aligned with Monahan & Roth's regulatory consultation and expert witness offerings.
• Bates Group LLC: Bates Group is a financial services consulting and expert witness firm providing litigation support, expert testimony, and regulatory consulting for broker-dealers, RIAs, and securities industry clients — directly comparable to Monahan & Roth's core practice.

Broad incumbents

• National Regulatory Services (NRS): NRS is a larger compliance consulting and regulatory services firm serving broker-dealers and investment advisers with training, consulting, and audit support — a broader incumbent offering overlapping compliance advisory services.

Emerging players

• Smarsh (broker-dealer compliance arm via acquisition of Actiance/Nah...): Smarsh provides technology-enabled compliance and regulatory archiving solutions for broker-dealers and RIAs — an adjacent player in the RegTech compliance space that competes for similar clients but via technology rather than expert-witness advisory services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 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 Monahan & Roth