What M and M Consulting does

M&M Consulting, LLC is a privately held risk management consulting firm founded in 1996 by Jay Friedland and headquartered in Augusta, Maine, with 11-50 employees. The firm delivers internal audit outsourcing and co-sourcing, commercial loan review, and regulatory compliance auditing and monitoring services to community financial institutions — primarily community banks and credit unions — concentrated in the New England region.

The core service portfolio comprises three interconnected lines: Internal Audit Services (SOX/FDICIA controls consulting, IT audits, wealth management audits, ALM/liquidity audits, electronic banking audits, offered via full outsourcing or co-sourcing); Commercial Loan Review (policy and procedure review, fair lending analysis, portfolio stress testing, ALLL validation, CECL advisory, with proprietary software providing daily/hourly progress tracking and peer comparison analytics); and Compliance Auditing & Monitoring (BSA/AML audits, fair lending, CRA performance reviews, deposit-related audits, cannabis-related business program reviews). Supporting these lines are proprietary loan review software with IT-secured client portals for remote engagement, the bi-weekly Compliance 911 podcast, the 17-year-running Annual Compliance and Risk Conference, monthly interactive training programs, and strategic alliances with GeoDataVision (CRA/HMDA GIS mapping) and Modern Capital (asset management).

Revenue is generated primarily through professional services fees for consulting engagements delivered by certified subject matter experts holding credentials including CPA, CRCM, CAMS, CIA, CISA, and CFSA, supplemented by training program fees and modest conference registration revenue ($705-$765 per attendee). Go-to-market is direct engagement with financial institution compliance officers, chief risk officers, and audit committees, supported by content marketing, the annual conference, and the podcast. The firm is privately held, has no disclosed external investors or parent company, and shows no M&A activity or geographic expansion beyond New England.

Name

M and M Consulting

Legal name

M&M Consulting, LLC

Website

https://mandm.consulting

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

M&M Consulting is a New England risk management consulting firm founded in 1996 serving community banks and credit unions with internal audit, commercial loan review, and regulatory compliance services.

Ownership category

akta.pro rank

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Risk Management Consulting Services: Professional consulting fees for internal audit, commercial loan review, and compliance auditing services provided to financial institutions. Services offered as complete outsourcing solutions or co-sourcing arrangements.
2. Training Programs: Monthly interactive training sessions and customizable training programs on risk management topics for consumer regulatory compliance, internal audit controls, and commercial risk management.
3. Compliance and Risk Conference: Annual signature conference providing continuing education credits for CRCM/CAFP certification holders. Early-bird registration at $705 per person, standard at $765 per person, with group discounts available.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

M&M Consulting provides risk management, internal audit, commercial loan review, and regulatory compliance services to community financial institutions in New England. Services are delivered through full outsourcing or co-sourcing arrangements by certified professionals (CPAs, CRCMs, CAMs, CIAs, CISAs, CFSAs), with proprietary loan review software enabling real-time progress tracking and remote audit execution via secure client portals.

Product overview

M&M Consulting operates as a risk management consulting firm offering a unified portfolio of services to financial institutions, not a traditional SaaS product. The core offerings consist of three interconnected service lines: Internal Audit Services (outsourcing and co-sourcing of financial and operational audits), Commercial Loan Review (covering loan policy, stress testing, migration analysis, and CECL advisory), and Compliance Auditing & Monitoring (including BSA/AML, fair lending, CRA, and deposit-related audits). Supporting these core services are proprietary loan review software for progress tracking, secure client portals for remote operations, strategic alliances with GeoDataVision (CRA/GIS mapping) and Modern Capital (asset management), plus ancillary offerings including a whistleblower hotline, audit confirmations, the Compliance 911 Show podcast, annual Compliance and Risk Conference, and comprehensive training programs delivered via webinars and Microsoft Teams live events.

Differentiator

Problem solved

Functional benefit

Products and services

• Internal Audit Services Comprehensive internal auditing services for community financial institutions including SOX and FDICIA controls consulting, IT audits, wealth management audits, ALM/liquidity audits, and electronic banking audits. Offered as full outsourcing or co-sourcing for individual financial and operational audits.
• Commercial Loan Review Loan review services covering policy and procedure review, fair lending analysis, portfolio stress testing, government guarantee review, quality assurance, migration analysis, ALLL validation, and CECL advisory services for community banks and credit unions. Features proprietary software for real-time progress tracking.
• Compliance Auditing & Monitoring Regulatory compliance services including BSA/AML audits, loan-related audits, fair lending reviews, CRA performance reviews, deposit-related audits, compliance training programs, and cannabis-related business program reviews. Uses a risk-based approach tailored to each financial institution.
• Consulting and Ancillary Services FDICIA/SOX/COSO 2013 compliance assistance, whistleblower hotline services, and audit confirmation services for deposit and loan accounts for financial institution clients.
• Training Programs Interactive monthly training sessions and customizable training programs covering Microsoft Teams live events, compliance management systems, CRA, HMDA, GLBA, RESPA/Reg. Z, Truth-In-Savings, Fair Lending, Flood, EFT, CECL, UDAAP, BSA/AML/OFAC, and Insider Lending topics for financial institution staff.
• Annual Compliance and Risk Conference Fully accredited annual conference covering risk management topics for consumer regulatory compliance, internal audit controls, and commercial risk management. Provides continuing education credits for CRCM/CAFP certification holders. Early-bird registration at $705 per person, standard at $765 per person, with group discounts of 15% for 3+ people.

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• GeoDataVisioncoreStrategic or Co-development PartnerFounded in 1994 by Len Suzio, GeoDataVision provides community and mid-size banks sophisticated CRA performance evaluations and market data analysis. The company provides community banks the benefits of computerized mapping (GIS) and expert CRA and HMDA advice. This partnership enhances M&M's CRA-related service offerings.
• Modern CapitalcoreStrategic or Co-development PartnerModern Capital is a US-based investment firm providing specific income and growth focused asset management strategies to financial advisors and financial institutions through mutual fund and model portfolio products. With decades of extensive asset management experience, Modern Capital complements M&M's risk management services.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Plante Moran: Plante Moran provides audit, tax, and consulting services to community banks and credit unions, including internal audit outsourcing and regulatory compliance engagements that directly compete with M&M's core offerings in the same buyer segment.
• CliftonLarsonAllen (CLA): CLA is a top-10 professional services firm with a Financial Services group serving community banks on internal audit, regulatory compliance, and risk management consulting—closely paralleling M&M's service mix at broader national scale.
• Forvis: Forvis (formed from BKD and Dixon Hughes Goodman) provides audit and advisory services to financial institutions including community banks, with internal audit and risk management offerings that compete with M&M's service lines at broader national scale.
• Baker Tilly: Baker Tilly is a top-10 accounting and advisory firm with a dedicated Financial Services practice serving community banks on internal audit, compliance, and risk management—directly overlapping M&M's core service lines at greater scale and broader national geography.
• CohnReznick: CohnReznick is a top advisory firm with a dedicated Financial Services practice providing internal audit, loan review, and compliance services to community banks and credit unions—directly overlapping M&M's niche at larger scale.
• Wolters Kluwer: Wolters Kluwer provides regulatory compliance and risk management solutions for U.S. banks through its Financial Services division, offering a much broader product portfolio than M&M but serving the same buyer persona of community-bank compliance officers and risk managers.

Regional players

• Loffler Companies: Loffler is a regional managed services and consulting firm in the Midwest providing IT, compliance, and risk management services to community banks and credit unions—parallel to M&M's New England practice but serving a different geography.

Direct peers

• Abrigo: Abrigo provides risk management, compliance, lending, and core banking software and services to approximately 2,400 U.S. financial institutions, with a strong community-bank focus that directly overlaps M&M's target market of community banks and credit unions in the New England region.
• Ncontracts: Ncontracts offers risk management, vendor management, and compliance solutions specifically built for banks and credit unions. Its bundled SaaS platform competes head-on with M&M's manual consulting engagements on loan review and compliance monitoring services.
• Profit Resources: Profit Resources provides loan review, compliance, and risk management consulting services to community banks and credit unions, with a similar service portfolio and buyer focus to M&M Consulting at comparable niche scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mandmconsultingllc
• LinkedInlinkedin.com/company/mandmconsultingllc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 M and M Consulting