Essential Edge Appoints Askari Foy as New Chief Compliance Officer Amidst Growth

Essential Edge's Strategic Appointment for Continued Growth

Essential Edge Compliance Outsourcing Services, LLC has recently announced the appointment of Askari Foy as its new Outsourced Chief Compliance Officer (OCCO). This pivotal move reflects Essential Edge's commitment to expanding its service offerings and enhancing its operational capacity as a provider of third-party compliance services for broker-dealers and registered investment advisers (RIAs).

A Veteran Joins the Team

With over 30 years of experience in the financial services industry, Askari Foy brings a wealth of knowledge and expertise to this newly created role. He previously led the Examination Program at the Securities and Exchange Commission's Atlanta Regional Office, where he honed his skills in regulatory compliance. Foy's extensive background also includes senior leadership positions at Silicon Valley Bank Wealth Management and Gibbs Wealth Management, where he served as Chief Compliance Officer. His experiences are expected to bolster Essential Edge's compliance programs and internal culture.

Sander Ressler, Co-Owner and Managing Director of Essential Edge, expressed enthusiasm about Foy's addition to the team, stating, "Welcoming Askari to the team boosts our ability to provide comprehensive support across the spectrum of business models. For larger enterprises that have complex needs but don't want to spend valuable time and money bringing the CCO function in-house, leveraging someone like Askari is a win-win." This sentiment highlights the strategic advantage of bringing an industry veteran on board, especially as the regulatory landscape continues to evolve.

Enhancing Compliance and Regulatory Services

In his role, Foy will provide executive-level support to Essential Edge's RIA enterprise clients. His focus will be on ensuring adherence to a variety of regulatory guidelines while enhancing existing compliance programs. Foy's leadership is crucial as companies and investment firms increasingly prioritize robust compliance frameworks to navigate the complexities of regulatory requirements.

Todd Spillane, President of Essential Edge, praised Foy's client service acumen and his detailed approach to compliance. "I've worked with Askari and have first-hand experience with his skills, passion for client service, and innate intelligence and empathy. He's a knowledgeable professional with an eye on the big picture and unmatched attention to detail," Spillane remarked.

Recognizing the Growing Need for Compliance Support

Foy remarked on his new position and the importance of the services Essential Edge provides, stating, "Essential Edge is a leader in the outsourced compliance space, and its continued growth is a reflection of the quality support it provides and the increasing need for its services across the wealth management space." His acknowledgment of the evolving regulatory environment emphasizes the significance of compliance in today's financial landscape.

About Essential Edge

Based in Santa Fe, NM, Essential Edge specializes in compliance and regulatory affairs, employing a team of over 25 seasoned compliance supervision professionals nationwide. The company is dedicated to delivering outsourced branch inspections to Offices of Supervisory Jurisdiction (OSJs) and independent financial advisor practices affiliated with broker-dealers. They aim to quickly identify and resolve compliance issues in branch office operations, preventing them from escalating into more significant challenges.

Furthermore, Essential Edge is recognized as a Strategic Partner Firm of the Ascentix Partners Network, which consists of elite consultancies dedicated to driving growth in wealth management enterprises.

For more details about their services, visit www.eeoutsourcing.com.