A division of Olympia Financial Group, the new firm is the brainchild of founders Craig Skauge, Stephen Preston, Phil du Heaume and Ken Plumb. Their belief was that the exempt market was not being adequately services in terms of back-office solutions. Regulatory and compliance requirements have never been greater, leaving an obvious gap in the market they believed needed to be addressed.
“Some companies have tried to come into this space, but we feel they have fallen short,” Preston says. “They haven’t really provided our industry with solutions that are specific to the exempt market. It is such a different animal than the mutual fund industry.”
The company’s origin can be traced back to Olympia’s acquisition of two assets: An exempt market back-office system from Raintree Financial Solutions and a CRM2 reporting system. A deal was ultimately signed between the parties… View the full Article!