O’Connor Davies Financial Services provides:
- Complete fund administration with $17.4 billion of Assets under Administration;
- Tax planning and compliance;
- Agreed-Upon Procedures
- Surprise Custody Examinations, and
- SSAE 16 / Service Organization Control (SOC) reports;
- Regulatory and corporate compliance;
- Performance and risk reporting ($15.3 billion of client assets);
- Valuation (ASC 820);
- Due diligence; and
- Operational investment consulting services.
Clients include private equity, hedge, and venture capital funds; private foundations and endowments; family offices; pensions and brokerage firms.
O’Connor Davies, LLP (“O’Connor Davies”) and Focus 1 Associates LLC (“Focus 1”) have formed a strategic alliance as part of their compliance consulting practices. This partnership brings together significant financial services industry experience and extensive technical knowledge of regulatory compliance.
“As part of our new alliance, we intend to combine resources and expertise to expand our regulatory compliance services further into the private fund adviser segment,” said Tobin S. Cochran, IACCP, Managing Member and President of Focus 1. “The SEC has organized itself to ensure that registrants increase transparency and treat investors fairly, with several key exam initiatives in place and more on the way. With an expanded team of seasoned professionals, together Focus 1 and O’Connor Davies can assist clients in a more comprehensive fashion and continue to broaden our industry perspective.”
“I am very excited about our new strategic alliance with Focus 1,” said Marc L. Rinaldi, CPA and O’Connor Davies, Partner-in-Charge of Financial Services. “Our alliance is fueled by extensive knowledge, experience, innovation and scalable resources in financial services, private funds, and regulatory compliance. Together we are in a unique position to serve the regulatory compliance needs of our existing clients within our financial services practice and across our fund administration business.”
Working together, there is an exceptional opportunity for O’Connor Davies and Focus 1 to further coordinate fund administration and the regulatory compliance delivery model to serve clients in a more comprehensive and seamless fashion.
For more information on our relationship and/or to schedule a time to speak further about the services being provided through our alliance, please contact Tobin Cochran (541) 944-1109 / firstname.lastname@example.org or Marc Rinaldi (212) 286-2600 / email@example.com.
Focus 1/O’Connor Davies Compliance Team:
Focus 1 Associates LLC
Timothy M. Simons, CFA, CFP, CSCP, CIPM
Senior Managing Member
Tim has over 25 years of compliance experience working with investment advisers of all sizes, across all asset classes, within the United States. He currently works directly or indirectly with many of FOCUS 1’s clients, assisting the firm and the CCO with updating policies and procedures, assisting with regulatory filings, designing and implementing testing for the firm’s annual review, reviewing marketing materials, and conducting Mock SEC examinations.
Prior to joining FOCUS 1, Tim was a Chief Compliance Examiner in the SEC’s Philadelphia Office where he also supervised a Branch of Investment Adviser/Investment Company Examiners and participated in over 200 examinations between 1988 and 2000. In addition to being a regular speaker at several regional industry conferences, he was an instructor at SEC national training for new examiners for seven years. Tim enjoys the change from the SEC and the opportunity to assist advisers in resolving their deficiencies, rather than just informing advisers that they have deficiencies.
In 2001, Tim became a Partner with an internationally recognized GIPS compliance and verification specialist firm, performing and managing GIPS verifications for clients and integrating the review of client presentations for SEC disclosures as well as GIPS disclosures. When FOCUS 1’s predecessor firm was first established, Tim became its first Managing Director, and eventually as he serves today, Senior Managing Director.
Tim has continued to study and learn about the financial services industry:
He acquired the professional designation as a Certified Financial Planner (CFP) in 1990, and became a member of the Financial Planning Association that year.
In 1992, he received the Certified Public Accountant (CPA) designation and became licensed in the state of Pennsylvania, where he continues to be licensed today. He is a member of both the AICPA and the Tennessee Society of CPAs.
In 1998, he received the Chartered Financial Analyst (CFA) designation and became a member of the CFA Institute. Tim is currently a member of the CFA Societies of both Philadelphia and Memphis, serving as a member of the Board of Directors of the Philadelphia Society from 2000 to 2003.
In 2004, the CFA Institute selected Tim as a US member of the GIPS Interpretations Subcommittee, and in 2005 he was selected as a member of the North American Investment Performance Committee, the US and Canadian sponsor of the GIPS Standards. He served on both Committees until 2009. In 2008, he added the Certificate in Performance Measurement (CIPM) from the CFA Institute, and joined the CIPM Association.
Tim joined the National Society of Compliance Professionals immediately after leaving the SEC in 2000, was a member of the Board of Directors from 2004 to 2007, and has continued to be a member of the Finance Committee since 2006. While a Director, he became involved in the development of the Certified Securities Compliance Professional (CSCP) program and received that designation in 2007. From 2008 to 2010, he served as the Chairman of the Board of Governors for the CSCP designation.
Tim graduated from Rutgers University in New Brunswick, New Jersey with a BS in Engineering, and received an MBA from George Mason University in Fairfax, Virginia.
Tobin S. Cochran, IACCP
Managing Member/ President
(541) 201-2001 x101
Tobin has over 18 years of experience working with investment advisers of all sizes, across all asset classes, within the United States, Asia and Europe. He currently heads FOCUS 1’s client service and business development efforts, while also managing several on-going client relationships pertaining to quarterly and annual compliance reviews and mock SEC examinations.Prior to July 2010 Tobin served as Partner and President of an internationally recognized specialist CPA firm for nearly 10 years, overseeing over 100 GIPS client relationships within the United States, Asia and Europe. Tobin also served as a member of the Executive Committee where he helped set strategy and implement operational and growth objectives. Tobin was instrumental in helping to develop several significant strategic alliances with other key providers within the investment management industry.
Tobin also served as a Managing Director for the international entity under common ownership, and was instrumental in negotiating and establishing joint venture businesses in Seoul, South Korea and Tokyo, Japan, and in securing and developing client relationships throughout Asia and Continental Europe.
Tobin earned the Investment Adviser Certified Compliance Professional (IACCP<sup>®</sup>) designation in 2013. Tobin is also a Certificate of Investment Performance Measurement (CIPM) candidate, having already passed the Principles level of the examination, he anticipates sitting for the Expert level in early 2014.
Tobin graduated from Southern Oregon University with a BA in Business Administration with an emphasis in Accounting and a Minor in Economics.
Elizabeth L. Cope, CPA, CIPM, CSCP
(541) 201-2001 x102
Elizabeth has over 10 years of experience working with investment advisers of all sizes, across all asset classes, within the United States and parts of Asia and Europe. She currently works with many of FOCUS 1’s clients assisting the firm and the CCO with their annual review, update of policies and procedures and regulatory filings, forensic testing, marketing material review, and mock SEC examinations.Prior to July 2010 Elizabeth worked for an internationally recognized GIPS compliance and verification specialist firm collectively managing over a hundred GIPS Verifications, SAS 70 Audits, Surprise Custody Examinations and Hedge Fund Audits on a global basis. She also conducted mock SEC exams under the auspices of FOCUS 1’s predecessor firm. It is through this experience that she gained an in-depth understanding of the investment industry. It is her goal to provide each client practical compliance solutions that allow them to enforce a strong culture of compliance and in turn focus on what they do best…manage money and service their clients.
Elizabeth is a Certified Public Accountant (CPA). She also holds her Certificate in Investment Performance Measurement (CIPM), Certified Securities Compliance Professional® (CSCP®) credential, and is a member of the CIPM Association, National Society of Compliance Professionals, and Oregon Society of CPAs.
Elizabeth sits on the Board in addition to acting as Treasurer for the Ethan Jostad Foundation.
Elizabeth graduated from Southern Oregon University with a BS in Business Administration with an emphasis in Accounting and a BS in Computer Information Systems. During this time, she served as Vice President of the Accounting Students Association and earned the 2001 Outstanding Accounting Student of the Year award.
Monica M. Bullard, CPA, CSCP
(541) 201-2001 x103
Monica has over 10 years of experience working with investment advisers of all sizes, across all asset classes, throughout the United States. She currently works with many of FOCUS 1’s clients consulting on regulatory, compliance and internal control issues. Monica also regularly conducts annual reviews, due diligence reviews, and mock SEC examinations for investment advisers.Prior to July 2010 Monica worked for an internationally recognized GIPS compliance and verification specialist firm managing SAS 70 Audits, Surprise Custody Examinations, Agreed upon Procedures and GIPS Verifications for investment advisers. She also conducted mock SEC exams under the auspices of FOCUS 1’s predecessor firm. Monica gained her in-depth understanding of the investment industry during her time at both of these firms.
Monica is a Certified Public Accountant (CPA) and holds the Certified Securities Compliance Professional® (CSCP®) credential. Monica is a member of the Oregon Society of Public Accountants and the National Society of Compliance Professionals.
Monica graduated Magna Cum Laude from Southern Oregon University with a BS in Business Administration with an emphasis in Accounting and minor in Economics. During this time, she earned her Certificate in Applied Finance and Economics and was a member of the Phi Kappa Phi National Honor Society. Monica is an alumni ambassador for Southern Oregon University.
Linda F. Beckmann, CSCP
(541) 201-2001 x104
Linda has over 35 years of experience working in the financial industry, most recently serving as a Member with FOCUS 1, where she works with many clients consulting on regulatory, compliance and internal control issues. Linda is also a valued resource when conducting mock SEC examinations on investment advisers.Linda began her career in 1978 with Loeb, Rhoades & Hornblower. Within two years, PaineWebber took over the branch and she was promoted to Assistant Vice President/Operations Manager for PaineWebber. During her 10 years with PaineWebber, she passed the Series 7 and Series 8 exams, enabling her to act as Assistant Branch Manager, in addition to her operational responsibilities. She was a member of the operations advisory committees on both the regional and national levels. Linda spent 17 years as the Head Equity Trader and Trading Compliance Officer with a Registered Investment Advisory firm. She has been involved in the examination process on both the firm and regulatory level at PaineWebber and with the SEC during her tenure with the RIA. Linda has a thorough understanding of compliance, fiduciary responsibilities, back office procedures and a variety of trading systems.
Linda holds a Certified Securities Compliance Professional® (CSCP®) credential and is a member of the National Society of Compliance Professionals.
Linda graduated Cum Laude from Southern Oregon University with a BS in Business Administration with an emphasis in Management and an enrichment perspective in the international arena. She completed her International Business courses while attending the Hochschule Harz University in Wernigerode, Germany during the summer of 2007.
O’Connor Davies, LLP
Marc L. Rinaldi, CPA
Partner-in-Charge, Financial Services
Marc L. Rinaldi, CPA, is the Partner-in-charge of Financial Services for O’Connor Davies, LLP. He is also CEO of PKF-ODB Administration Services, LLC, the firm’s investment administration practice. Marc is a leader in the field of investment and partnership accounting and related regulatory compliance matters. His alternative investment experience includes ASU 820 valuation work, risk management and proprietary trading issues. Marc also provides investment consulting to O’Connor Davies’ investment clients on investor due diligence, valuation, risk-based compliance management and performance reporting and has over 30 years of broad and extensive experience in the financial services industry.
His accounting, trading and risk management experiences include: Goldman Sachs & Co.—New York and London; Merrill Lynch International Bank, Ltd.; Kleinwort Benson, Ltd.; and Bank of America, Ltd.—London and founder of OBA Partners, LLC (a private hedge fund). Marc was an Audit Manager with a Big Four firm.
Marc is a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants (NYSSCPA), the NYSSCPA Investment Management and Investment Companies Committees and the Managed Funds Association (MFA). He is a Certified Public Accountant and a graduate of Lehigh University, Bachelor of Science in Accounting and New York University Stern School of Business, Master of Business Administration in Taxation
Peter F. Heuzey, CPA, CIPM
Partner, Financial Services
Peter F. Heuzey, CPA CIPM is a partner of O’Connor Davies, LLP and responsible for Performance Reporting Consulting and Regulatory Compliance Services to investment firms. Peter is an expert in the investment and accounting processes of alternative investments, as well as in investment operations and compliance readiness, monitoring and reporting. He has over 30 years of experience in the financial services business which includes Head of Internal Audit at Credit Suisse First Boston, Salomon Brothers Inc. and Republic National Bank of New York. Peter was also an audit partner at a Big Four firm and joined O’Connor Davies from Morgan Stanley where he served as Executive Director and Chief Business Continuity Officer of their Individual Investor Group. He was also the Project Executive for their Year 2000 project.
Peter is also a specialist in performance reporting and the CFA’s Global Investment Performance Standards and service organization control implementation guidance and reporting under SSAE 16 and SOC 2.
Peter is a member of the American Institute of Certified Public Accountants, Trust Services Principles and Criteria Revision Working Group and former member of the Broker/Dealer Committee, the New York State Society of Certified Public Accountants, Investment Management, Broker/Dealer and Anti-Money Laundering Committees, former chairman of Leasing & Finance Companies Committee, CIPM Association (CFA Institute) and the Managed Funds Association (MFA).
He is a Certified Public Accountant, Certificate in Investment Performance Measurement (CFA Institute), FINRA Series 7 and 27 licenses, and a graduate of Lafayette College Bachelor of Arts degree in Economics and University of Oregon MBA in Finance.
Kelly Westfall, CPA, CFA
Director, Financial Services
Kelly Westfall, CPA, CFA is a Director of O’Connor Davies Financial Services Group specializing in investment manager/fund due diligence, risk management and allocation recommendations as well as other types of specialized investment analysis. She has extensive experience in the United States and Europe conducting due diligence and consulting on portfolio allocations to investment managers, alternative investments, public funds and other complex investment products and advises on their use in the design and implementation of investment strategies. Her client base includes large institutional and high wealth investors with large, highly complex, investment portfolios such as multi‐billion dollar foundations, pensions, family offices, endowments, and not‐for‐profit investors. Kelly also maintains oversight of the performance and risk reporting to several of the largest Foundations in the United States.
Kelly is a Member, CFA Institute and the New York Society of Securities Analysts (NYSSA). She is a graduate of The Ohio State University, Bachelor of Science in Business Administration.
Jay Fastiggi, CPA
Director, Financial Services
Jay Fastiggi, CPA, is a Director in O’Connor Davies, LLP, O’Connor Davies Financial Services Group and PKF-ODB Administration Services, LLC as a Director. Jay leads client engagements and provides expertise in the areas of administration, regulatory compliance and tax. He was most recently Chief Financial Officer of a global macro hedge fund that had $400 million in assets and was part of a fund complex that had $1.6 billion of total assets. Jay was responsible for all financial, regulatory, administration and tax matters for the fund including reporting and tax matters relating to derivatives.
Previous to this position, Jay was a Managing Director with a large global fund administrator and managed the firm’s Westchester, NY office where he was responsible for 24 people.
Jay is a member of the American Institute of Certified Public Accountants. He is a Certified Public Accountant, FINRA Series 28 license as a Financial Operations Principal and a graduate of The New York Institute of Technology with a BS degree in Accounting and Pace University with a Masters degree in Information Systems.
Eric P. Gelb, CPA
Director of Business Development, Financial Services
Eric P. Gelb, CPA, is Director of Business Development and Structured Finance of O’Connor Davies Financial Services (ODFS) and PKF-ODB Administration Services, LLC (PKF-ODB). Eric is a leader in the field of equipment leasing, structured finance; asset-based lending, and securitization. He has over 25 years of broad and extensive experience in the financial services industry. Eric was an auditor with PriceWaterhouse Coopers where he completed his CPA. He was National Sales Manager of Citigroup’s Citicapital Bankers Leasing and previously a Vice President in their Asset Finance Group.
Eric’s corporate finance and investment banking experiences include: Citigroup, JP Morgan, Inner Circle Sports which was a division of Fortress Investment Group. While at JP Morgan, Eric created a multi-sellerasset backed conduit, Relationship Funding Corp. where he was responsible for $1.9 billion of assets in 15 months.
Eric is a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants (NYSSCPA), NYSSCPA Investment Management and Investment Companies Committees and the Managed Funds Association (MFA). He is a Certified Public Accountant and a graduate of The Wharton School at the University of Pennsylvania, BS in Economics with a dual major in Accounting and Finance, and Columbia University School of Business, MBA in Finance and Marketing.