Financial Services Compliance Business

Financial Services Compliance Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Navigating the labyrinth of financial regulations can be challenging for businesses. Enter the financial services compliance business.

This enterprise focuses on helping companies adhere to ever-evolving financial laws and regulations, ensuring they remain compliant and avoid costly penalties. You'll provide essential services such as regulatory risk assessment, compliance audits, and staff training.

Starting this business requires a solid understanding of financial rules and a keen eye for detail. Yet, the demand is high and growing as companies strive to avoid the pitfalls of non-compliance. Your expertise will become invaluable to businesses that need reliable compliance solutions to operate smoothly.

If you’re looking for a business idea that leverages your analytical skills and offers a steady stream of clients, financial services compliance could be your niche. Dive into this field, and you'll not only create a profitable business but also play a crucial role in safeguarding the financial integrity of your clients.

In this list, you'll find real-world financial services compliance business success stories and very profitable examples of starting a financial services compliance business that makes money.

1. Harwood Financial Group ($4.8M/year)

Robert Harwood, founder of Harwood Financial Group, was inspired to start his business after witnessing firsthand the financial struggles his parents faced due to medical expenses. With a degree in engineering and computer science, Harwood leveraged his knowledge and experience in finance to become a financial advisor, helping clients plan for retirement and navigate their finances. Since its inception in 2008, Harwood Financial Group has grown rapidly, managing over $500 million of clients' assets and experiencing a 20% growth in 2019.

How much money it makes: $4.8M/year
How many people on the team: 22

How I Started A $400K/Month Financial Advisor Firm

Robert Harwood started Harwood Financial Group in 2008 which has now grown to manage over $500 million of clients' money across four offices, offering investment management services and specializing in retirement planning, tax planning, and estate planning.

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2. White Bullet ($1.2M/year)

Peter Szyszko, a former intellectual property lawyer, founded White Bullet after realizing the need for efficient processes to differentiate between legal and illegal online content. By using AI and machine learning, White Bullet has developed an IP Infringement Analytics Platform that identifies infringing websites and tracks the advertising funding them. The company has experienced significant growth, attracting clients from the media industry, government, and law enforcement sectors.

How much money it makes: $1.2M/year
How many people on the team: 16

How We Developed A Leading IP Infringement Analytics Platform

White Bullet CEO and founder, Peter Szyszko, discusses how he identified and began targeting IP-infringing websites and apps with his IPI Analytics Platform, which has seen the company grow and expand into new areas such as social media antipiracy and connected TV.

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Read by 7,164 founders