As a CPA firm providing FinOp services since the 1980’s, DFP Partners brings over four decades of experience to broker-dealers of all sizes.
A FinOp oversees the books and records and monitors a FINRA member firm’s adherence to industry net capital rules and related rules and regulations, as well as the filing of all financial regulatory reports. Every broker-dealer is required to maintain the services of a FINRA Series 27 Financial and Operations Principal (FinOp) — and outsourcing that role to DFP Partners is often the right solution.
Outsourcing the FinOp role can have greater financial benefits than hiring that level of talent, full-time, in-house.
A DFP FinOp can assume or assist with all aspects of the required FinOp role, including managing financial duties, FINRA filings, technical assistance, and more. Our professionals have wide ranging experience working with many different types of Broker-Dealers.
Rather than hiring one full-time FinOp, you have access to the full resources of DFP Partners’ FinOps and Accounting professionals.
All accounting work supervised
All managers, senior managers and partners are Series 27 registered
Every deliverable reviewed at least twice before it reaches you
DFP Partners provides full-service solutions and can satisfy other outsourcing needs of broker-dealers. All Broker-Dealers are required to designate a Principal Financial Officer (PFO) and a Principal Operations Officer (POO), two positions with which we have extensive outsourcing experience.
One of our qualified Series 27 licensed professionals can serve as your firm’s POO overseeing day-to-day operations, including:
A Financial and Operations Principal (FinOp) is a critical role within every broker-dealer, responsible for overseeing the firm’s financial reporting and accounting advisory services, books and records, and compliance with SEC and FINRA financial responsibility rules. Every broker-dealer is required to designate a qualified FINRA Series 27 FinOp, making this function essential—not optional. At DFP Partners, we provide experienced FinOp professionals who bring decades of accounting and regulatory expertise, ensuring your firm meets its obligations while operating efficiently and confidently.
One of the most critical obligations of any broker-dealer is maintaining sufficient net capital in accordance with SEC Rule 15c3-1 and FINRA requirements. Falling below minimum net capital thresholds can trigger immediate regulatory consequences, making continuous monitoring and accurate reporting essential. A qualified FinOp ensures your firm remains in compliance with these requirements at all times, calculating net capital on the required basis and filing all associated financial reports with FINRA through the appropriate reporting systems. DFP Partners brings deep technical expertise to this area, helping firms navigate the complexities of net capital computation and regulatory reporting with precision.
The FinOp role encompasses a wide range of responsibilities that span different frequencies and timeframes throughout the year. On a daily basis, a FinOp monitors the firm’s net capital position and oversees the accuracy of books and records to ensure ongoing compliance. Monthly duties typically include the preparation of financial statements, review of bank reconciliations, and oversight of accounts payable and receivable. On an annual basis, the FinOp plays a central role in the preparation and filing of year-end financial reports, coordinating with auditors, and ensuring the firm meets all annual regulatory filing deadlines. DFP Partners’ team of FinOp and accounting professionals is equipped to manage this full spectrum of responsibilities, giving broker-dealers the assurance that their financial obligations are being handled with accuracy and care at every interval.
Hiring a full-time, in-house FinOp can be costly and difficult to scale—especially for growing or specialized broker-dealers. Outsourcing offers a more efficient solution, providing access to a full team of experienced professionals rather than relying on a single individual. At DFP Partners, our outsourced FinOp services deliver deep expertise, flexibility, and continuity, allowing your firm to maintain a high standard of financial and regulatory compliance without the overhead of a full-time hire. For firms requiring broader oversight, our broker-dealer compliance services and outsourced CCO support provide additional regulatory coverage.
A Financial and Operations Principal (FinOp) is a critical role within every broker-dealer, responsible for overseeing the firm’s financial reporting and accounting advisory services, books and records, and compliance with SEC and FINRA financial responsibility rules. Every broker-dealer is required to designate a qualified FINRA Series 27 FinOp, making this function essential—not optional. At DFP Partners, we provide experienced FinOp professionals who bring decades of accounting and regulatory expertise, ensuring your firm meets its obligations while operating efficiently and confidently.
Yes. All broker-dealers are required to designate a qualified Financial and Operations Principal (FinOp) under FINRA rules. The FinOp must hold the appropriate FINRA Series 27 license and is responsible for overseeing the firm’s financial and operational compliance. This role is essential to ensuring that the firm meets its regulatory obligations, maintains accurate financial records, and remains in good standing with regulators.
A FinOp is responsible for the financial health and regulatory reporting obligations of a broker-dealer. This includes overseeing the firm’s books and records, monitoring compliance with FINRA’s net capital rules on an ongoing basis, and ensuring that all required financial regulatory reports are prepared and filed accurately and on time. Beyond these core responsibilities, a FinOp provides technical financial guidance to firm management, coordinates with external auditors, and helps ensure the firm’s financial operations are running in accordance with applicable SEC and FINRA requirements. At DFP Partners, our FinOp professionals can also assist with or assume the roles of Principal Financial Officer (PFO) and Principal Operations Officer (POO), providing broker-dealers with a comprehensive solution for all of their financial and operational oversight needs.
A FinOp is responsible for preparing and filing a range of required regulatory reports, including the FOCUS Report, net capital computations, and other financial filings required by FINRA and the SEC. This may also include monthly, quarterly, and annual financial reports, as well as coordination with auditors for annual filings. Accurate and timely regulatory reporting is essential to maintaining good standing with FINRA, and DFP Partners’ team of experienced FinOp professionals ensures that every filing is handled with the precision and attention to detail that regulators expect.
