SANTA MONICA, Calif. and NEW YORK, May 31, 2016 (GLOBE NEWSWIRE) -- Wells Compliance Group and Frenkel & Company are working in cooperation to offer a unique financial compliance and insurance solution to small-cap and investor held private companies. Leveraging new technology, this platform will dramatically reduce the burden of accounting and compliance while also improving risk management through insurance.
Companies working with the new platform will benefit from automated and streamlined collection of financial and risk data to alleviate the burden of conventional methods. Executives will benefit from reduced friction and restored focus on core business operations. The platform allows for the timely and accurate completion and filing of required SEC filings for fully reporting companies. Using the financial data captured on the platform, companies will also have access to customized insurance products, particularly focused on management risks, including Directors and Officers insurance (D&O).
Wells Compliance Group Founder and CEO David R. Wells said, “risk and risk management relates directly to cost of capital, and the ability of management to focus on their core business. Adding the team at Frenkel & Company to our platform is a valuable and important step for us and our clients allowing us to provide a broader base of support and assurance.”
John F. Kelly, Frenkel & Company’s president and CEO, said “this new approach of integrating software based compliance reporting as a tool for Risk Management will accelerate underwriting and enable us to offer competitive Management Liability products to a growing and underserved market segment.”
To learn more, contact David R. Wells at drwells@wellscompliance.com, or Peter Flynn at pflynn@frenkel.com. Representatives will also be available to discuss the solution at the following upcoming industry conferences:
- May 31st, SeeThruEquity – New York, NY
- June 1st & 2nd, Marcum MicroCap Conference – New York, NY
- June 7 th, 8 th & 9 th, LD Micro Invitational 2016 – Los Angeles, CA
About Wells Compliance
Wells Compliance Group is a technology-based services firm supporting the financial reporting needs of emerging growth and small-cap, publicly traded companies, and privately held firms whose lender, investor or shareholder base requires timely, periodic, GAAP-compliant financial reporting. Wells Compliance’s proprietary software, ‘Financial Accounting Compliance Technology System’, or “FACTS”, is a web-based solution that simplifies data gathering and eliminates the need for clients making their own entries into the accounting ledgers. FACTS makes available to management, auditors and stakeholders an innovative way to truly understand their company's real time financial condition. Wells Compliance Group is based in Los Angeles and provides services on a flat fee basis for periodic reporting, and a menu basis for transition and transaction-based projects.
About Frenkel & Company
Founded in 1878, Frenkel & Company is a full service, international insurance brokerage. Independent and privately held, Frenkel is among the 50 largest insurance brokers in the United States.