DFP Partners, formerly known as The SDDco Group, is a New York-based accounting and compliance firm with over 40 years of experience serving Broker-Dealers, Registered Investment Advisers (RIAs), and other financial services firms. The company is dedicated to managing clients' regulatory burdens, allowing them to focus on their core business activities.
Key Strategic Focus
DFP Partners specializes in providing outsourced Financial and Operations Principal (FinOp), Chief Compliance Officer (CCO), Chief Financial Officer (CFO), and Principal Operations Officer (POO) services. The firm offers a comprehensive suite of services, including compliance consulting, registration services, accounting and tax support, anti-money laundering (AML) testing, cybersecurity procedures and training, and branch inspection programs. These services are tailored to meet the needs of Broker-Dealers, RIAs, and FinTech firms.
Financials and Funding
DFP Partners operates as a privately held firm. The company's annual revenue is estimated to be between $5 million and $10 million, with an average employee salary of approximately $109,214.
Technological Platform and Innovation
DFP Partners integrates various technologies to enhance its service offerings, including Google Ads, Cloudflare, jQuery, Flickity, WP Engine, Google Tag Manager, and HTTP/3. These tools support the firm's operations and client services.
Leadership Team
- Robert A. Fortino, CPA: Managing Partner, advising broker-dealers on FINRA/SEC membership and net capital rules.
- Scott D. Daniels, CPA: Founder, with over 30 years of experience leading the firm in accounting, supervisory, and compliance services.
- David R. Portnoff, CPA: Senior Partner, leading efforts in servicing a variety of financial services firms and contributing to strategic initiatives.
- Rick Daniels, CPA: Senior Partner, specializing in broker-dealer services, particularly in fixed income trading and FinTech.
- Hale Halasy, CAMS: Partner, Regulatory Services, leading broker-dealers through membership processes and internal compliance programs.
- John Cullinane, CAMS: Senior Managing Director and Partner, Regulatory Services, with over 25 years of compliance experience.
- Gary Fox: Managing Director and Partner, Regulatory Services, with over 32 years of experience in the financial industry.
Competitor Profile
DFP Partners operates in the financial services industry, providing accounting and compliance services to Broker-Dealers and RIAs. Competitors include large accounting firms such as EY, PwC, Deloitte, and KPMG, as well as specialized firms like Moss Adams, Baker Tilly, RSM International, Marcum LLP, Plante Moran, and CLA (CliftonLarsonAllen). These firms offer similar services, including compliance consulting, regulatory registration services, and outsourced principal roles.
Strategic Collaborations and Partnerships
DFP Partners collaborates with various financial services firms, including Broker-Dealers, RIAs, and FinTech companies, to provide tailored accounting and compliance solutions. The firm offers services such as broker-dealer registration and compliance, adviser registration and RIA compliance, outsourced key roles, and anti-money laundering programs.
Operational Insights
DFP Partners differentiates itself by offering a comprehensive suite of services tailored to the unique needs of financial services firms. The firm's extensive experience, specialized expertise, and commitment to client service provide a competitive advantage in the industry.
Strategic Opportunities and Future Directions
DFP Partners aims to continue expanding its service offerings and client base within the financial services industry. The firm is focused on leveraging its expertise to assist clients in navigating complex regulatory environments and achieving compliance excellence.
Contact Information
- Website: dfppartners.com
- LinkedIn: DFP Partners
