Two advisors reviewing financial services dashboard data

Financial Services

The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.

Financial Services

How can you move your organization toward the future you envision? Work with professionals who understand your financial services company and will talk with you about your challenges to help you find the right solution.

    They are more than consultants. The Baker Tilly team raised the quality of our internal audit and risk management functions and helped us through the change management required to ensure success. We are extremely pleased with their work.
    Craig Campbell, Chief Administrative and Risk Officer, WPS Health Solutions, Wisconsin Physicians Service Insurance Corp.

    Asset management sector

    • Broker-dealers
    • Family office/high net worth family owners
    • Funds of funds
    • General partnerships and their principals
    • Health and welfare funds
    • Hedge funds
    • Institutional investors
    • Management companies
    • Pension funds
    • Private equity firms and funds
    • Real estate investment funds and holding companies
    • Real estate investment trusts (REITs)
    • Registered investment advisors (RIAs)
    • Securities exchanges
    • Venture capital firms

    Depository and lending sector

    • Commercial banks
    • Community banks
    • Credit unions
    • Fintechs
    • Mortgage brokers
    • Nontraditional lenders
    • Savings institutions
    • Student loan organizations

    Insurance sector

    • Health plans
    • InsurTechs
    • Life insurance
    • Medical/professional liability
    • Mutual insurance companies
    • Property and casualty insurance
    • Reinsurance
    • State insurance regulators
    • Insurance agencies and brokers

    Our solutions

    The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.

    Have confidence in our ability to assist your organization in attaining your goals because of our experience providing solutions for business needs.

    Grow your business

    • Agent talent strategies
    • Analytics, dashboarding and business intelligence
    • Board and audit committee advisory
    • Buy-side and sell-side advisory
    • Capital raising solutions
    • CFO advisory services
    • Cost segregation studies
    • Customer experience enhancement
    • Demutualization consulting
    • Employee stock ownership (ESOP) valuations
    • Fund formation and structuring
    • Go-to-market roadmap development and implementation
    • Growth strategy assessment and alignment
    • Market assessment
    • Merger and acquisition tax structuring
    • Payment transformation
    • Product and service innovation and launch effectiveness
    • Risk optimization
    • Strategic advisory
    • Structure review
    • Structured finance support
    • Tax credits and incentives
    • Transaction advisory, due diligence, structuring and capital formation

    Optimize resources

    • Agile internal auditing
    • Benchmarking studies
    • Board and department level training
    • Change management
    • Cost containment strategies
    • Data analytics and business intelligence
    • Executive search
    • Federal, multi-state and local tax planning and compliance
    • Financial modeling and decision support
    • Financial ratios
    • HR consulting and benefits administration
    • Internal audit
    • IT operations management
    • Management company staff requirements and back office structuring
    • Outsourced and co-sourced accounting and internal audit services
    • Resource optimization
    • Robotic process automation (RPA)
    • Strategic planning facilitation
    • Sub chapter S planning
    • Tax credits and incentives
    • Vendor management services
    • Workforce and talent management

    Manage risk and compliance

    • Assessments of internal controls
    • Business continuity planning/disaster recovery
    • CFPB and other consumer finance compliance assessments
    • Complex commercial dispute support
    • Compliance reviews
    • Comprehensive risk assessment framework
    • Credit and operational risk consulting
    • Cyber policy and program development, risk assessment and consulting
    • Cyber risk insurance analysis
    • Data privacy assessment, design and implementation
    • Enterprise risk management and ORSA assessments
    • FDICIA assistance
    • Fraud and forensics
    • HIPAA security assessments
    • Infrastructure stability
    • Internal audit co-sourcing and outsourcing
    • Litigation support
    • Loan reviews and collateral reviews
    • Major claims forensics
    • Market conduct investigations
    • NYS DFS cyber readiness and compliance
    • Payment card industry (PCI) compliance
    • Pricing and rate analysis
    • Regulation AB assessments and compliance
    • Regulatory compliance:
      – Anti-Money Laundering (AML)
      – FINRA Rule 3310
      – Gramm-Leach-Bliley Act
      – Bank Secrecy Act (BSA)/Foreign Corrupt Practices Act (FCPA)
      – RESPA/Regulation Z/Dodd Frank
      – USA Patriot Act
    • Review of reserves
    • Risk or economic capital modeling
    • Sarbanes-Oxley (SOX) compliance and implementation assistance
    • Securitization due diligence
    • Security assessment (external/internal)
    • State risk-focused insurance examinations
    • Third party data center reviews
    • Trust department reviews

    Gain assurance

    • ALLL/CECL (current expected credit loss) model validation
    • Actuarial due diligence and review of fair value reserves
    • Agreed upon procedures (AUP) reports
    • Attest audit and examination opinions
    • Audits of onshore and offshore funds
    • Certification of loss reserves
    • Corporate and intangible asset valuations
    • Corporate governance annual disclosure assistance
    • Due diligence
    • Employee benefit plan audits
    • Fairness opinions
    • Federal, multistate and international tax
    • Fraud and investigations
    • GIPS® verifications
    • Information systems examinations
    • Investor liquidity requirements
    • IRS practice and procedures
    • Management company operating cash requirements
    • Management fee and incentive allocation structure
    • Model Audit Rule (MAR) implementation assistance
    • Model validation
    • Operational and compliance attestation
    • Preparation of fund, management company, general partner and principals tax returns, and K1s
    • Processes and controls documentation and testing
    • Quality assurance review (QAR)
    • Reinsurance consulting
    • REIT quarterly and annual testing
    • Risk assessment and planning
    • Securities and Exchange Commission (SEC) filings
    • SOC 1, SOC 2 and SOC 3 reporting services
    • State nexus consulting
    • Valuations
    • Verification of performance results
    On a scale of 1-10, I would give a 15. I always recommend Baker Tilly to our joint venture partners.
    Vice president of private equity firm

    Our clients

    Good people, good communicators and balanced in their approach.
    Private equity fund client