National Regulatory Services (NRS), a national compliance consulting firm in Lakeville, Conn., recently announced that they have acquired ComplianceMAX Financial Corporation of San Diego, Calif. The combination will have 13 offices nationwide.
Founded in 1983, NRS, a subsidiary of Source Media, has become a leader in the field of compliance services for investment advisors, investment companies, broker/dealers, hedge funds and insurance companies. The firm provides products and services to more than 6,000 clients in six countries. Its
customers include Fidelity, John Hancock and Fleet Bank.
ComplianceMax Financial Corporation, a relative newcomer to the industry, provides regulatory compliance services and technologies to broker/dealers, investment advisers and hedge funds.
According to a source familiar with both firms, this acquisition makes strategic sense. "These two firms compliment each other nicely. ComplianceMAX strengths include their technology platform, their audit team and their growing presence in the broker/dealer channel. NRS strengths include consulting, seminars, and their tools."
For further information about the two companies, visit www.compliancemax.com and www.nrs-inc.com.