Foreside Acquires Cipperman Compliance Services

Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset management industry, today announced its acquisition of Cipperman Compliance Services (CCS), a leading independent provider of chief compliance officer services to alternative fund managers, registered funds, wealth managers, broker-dealers, family offices, and regulated fintech companies.

Founded in 2004 and based in Wayne, Pennsylvania, CCS specializes in providing chief compliance officer services and compliance advisory across the alternatives, registered funds, and wealth management space. CCS’s team consists of senior lawyers and compliance professionals who bring decades of real-world experience with industry service providers. CCS works with a wide range of clients, enabling a practical perspective on how regulations are impacting the industry at large.

Through the acquisition, CCS will bring to Foreside approximately 25 people and over 100 clients while maintaining its Pennsylvania presence.

“This is the culmination of a decade-long commercial relationship and friendship between our firms,” said David Whitaker, President of Foreside. “We are thrilled to be working together, and this acquisition complements our existing distribution offering and growing outsourced CCO capabilities.”

“Our relationship with Foreside goes way back, and we’ve been impressed with the incredibly deep bench they have in the compliance advisory business,” said Todd Cipperman, CCS’ Founding Principal. “They bring a unique proposition in the GRC space, and we are extremely excited to join forces with them and together become a true end-to-end GRC provider.”

Financial details were not disclosed.

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