DSWD Fractional CFO
Fund Services
what About Us?
How could a Fractional CFO benefit your firm?
When building and servicing your fund is the top priority, it can be difficult to keep up with your financial, accounting and compliance needs. This is where we can help. We provide you with a dedicated CFO team consisting of accountants, CPAs, advisors, tax professionals and compliance experts. In addition to managing your financials, we provide you with a consistent snapshot of your management company and fund’s overall health. We also keep you up to date with all applicable accounting, reporting and compliance requirements,
removing this persistent worry from your plate. Our leadership team consists of experienced industry professionals that specialize in the
private and registered fund industry along with other segments of the financial services industry. We offer expertise in internal operations but also add the component of the external CPA firm background. This combination enables our team to have a proactive approach in all areas of the outsourced CFO functions.
our services
Chief Financial Officer Services
Regulatory Compliance Support Services
Regulatory Compliance Support Services
We will assume the Chief Financial Officer (CFO) role and provide accounting and fund
oversight support to the management company and your fund.
Management Company
- Oversight of corporate accounting books and records
- Review and reconcile monthly cash, bank accounts, and credit card
- Collection of management and performance‐based fees
- Review and
We will assume the Chief Financial Officer (CFO) role and provide accounting and fund
oversight support to the management company and your fund.
Management Company
- Oversight of corporate accounting books and records
- Review and reconcile monthly cash, bank accounts, and credit card
- Collection of management and performance‐based fees
- Review and process vendor invoices and expense reports
- Generate and review monthly financial statements
Fund Launch and Oversight
- Entity formation
- Fund structuring
- Technology and system selection, negotiation and implementation
- Service provider selection
- Account openings
- Oversight of fund administrator and timely distribution of deliverables
- Independent review of the NAV as prepared by the Administrator
- Determine and process fund‐level expenses
- Verify management and performance fees
- Lead the coordination of the annual audit and tax process
- Review and sign off on the Funds’ annual report
- Review and approve K‐1s and tax returns
- Review and approve capital call notices and income and capital distributions to investors
Regulatory Compliance Support Services
Regulatory Compliance Support Services
Regulatory Compliance Support Services
We offer customized regulatory compliance support solutions to asset managers focusing on pooled investment vehicles, both registered and private. We act as your support staff and assist in the creation and oversight of the firm’s compliance program. We serve State and SEC‐registered Rnvestment Advisers and Exempt Reporting Advisers.
- Revie
We offer customized regulatory compliance support solutions to asset managers focusing on pooled investment vehicles, both registered and private. We act as your support staff and assist in the creation and oversight of the firm’s compliance program. We serve State and SEC‐registered Rnvestment Advisers and Exempt Reporting Advisers.
- Review and design firm‐specific compliance policies and procedures
- Maintain compliance calendars
- Conduct compliance policy and procedure testing
- Prepare quarterly and annual written compliance review
- Conduct initial and ongoing employee compliance training
- Initiate periodic vendor due diligence
- Design, business continuity, disaster recovery and cyber security policies and
- procedures
- Marketing and advertising disclosure review
- SEC exam and audit support
- Assistance with regulatory filings, including Form ADV, U4s, State registration filings
- and Section 13 filings
Meet Our Team
Joseph DeMarco, CPA
Joe graduated from University of Illinois in Champaign‐Urbana in May of 1995 and is an active member of the AICPA and Illinois CPA Society.
Joe is one of the founding partners of DeMarco Sciaccotta Wilkens & Dunleavy, LLP (DSWD) as well as Elevate CPA Group (Elevate). His 25‐plus‐year career in public accounting includes more than a two decades of serving clients within the financial services industry.
These services include broker/dealer and investment company financial audits as well as surprise exams (per the Custody Rule) for SEC registered RIA firms. Additionally many of these same clients utilize tax services. These services are performed through DSWD which
is a PCAOB registered CPA firm.
Elevate is a joint venture CPA firm that specifically services the RIA industry. These services include outsourced CFO and accounting services for independent RIA firms.
Over the years, Joe’s commitment to his clients’ best interests has cemented his reputation as a trusted partner. He relies on his deep experience in financial services to assist clients that are situated across the country.
David Lombardy
David is the Founder and Principal of Pillar. He is responsible for the execution of client deliverables as well as the overall operations of the firm. Prior to launching Pillar in April 2021, he spent over 15 years in consulting roles at large financial services firms and consulting firms, including Bank of America, UBS, and most recently as a Director with Duff & Phelps. Since 2012, his focus has been on advising registered investment advisers on compliance issues related to the Investment Advisers Act of 1940. David has advised numerous hedge fund and private equity clients on regulatory matters and has prepared and
provided guidance to investment managers undergoing regulatory examinations.
Prior to 2012, David advised companies on all aspects of their employee retirement programs with a focus on compliance with the Employee Retirement Income Security Act of 1974 (ERISA). At UBS, David was part of the firm’s Institutional Consulting Group, a select group of advisers that provide ERISA expertise to institutional clients.
David has a Juris Doctor from Seton Hall Law School and MBA from American University.