Broker-Dealers

For broker-dealers, the “new normal” is tremendous competitive pressure, as the industry adapts to a continuous stream of developments: rising client-service expectations, new standards such as T+2, and pending regulations such as the U.S. Department of Labor’s fiduciary rules for retirement accounts among them.

The winners are likely to be those firms that invest wisely while maintaining tight control of fixed expenses. EisnerAmper’s broker-dealer practice provides comprehensive audit, tax compliance, and advisory services, so clients can focus on their core competencies of underwriting, trading and custody, and strategically plan for long-term profitability.

EisnerAmper has served the industry for more than 45 years, and currently delivers services to more than 100 broker-dealers, including retail firms with large numbers of registered representatives, as well as sole practitioner retail brokers, market makers/specialist firms, investment bankers and corporate financiers, investment advisors and government securities dealers. Clients engage us for annual audits and tax compliance (including electronic filings); for responses to rulings from regulatory and professional bodies such as the SEC, FASB, FINRA, CFTC and PCAOB; for operational due diligence; and for assistance with urgent new developments such as cybersecurity and the Bank Secrecy Act/anti-money laundering.

With many U.S. investors looking for global opportunities, EisnerAmper offers broker-dealer clients the additional resources of an international tax group. EisnerAmper Global, a network of independent firms with members in key financial centers around the world, complements these international capabilities with a strong focus on the needs of the alternative investment industry.

It’s becoming more difficult for broker-dealers to stay up-to-date and prepared for regulatory challenges but EisnerAmper has built a depth of service line experience that is custom tailored to each client’s needs.