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  Steven L. Thornton
  Dante P. Bartoletti
  David P. Semak

  Theodore E. Eichenlaub
  Jeffrey C. Morton
  Barry P. Schwartz
  Robert L. Stype
  Gary C. Watkins
  Nicholas J. Prokos
  Gina Galang

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InvestmentCare Consulting Group has partnered with Adviser Compliance Associates to provide Investment Advisers with unparalleled compliance services. The following is a description of some of the services that are offered to SEC and State Registered Investment Advisers. Please call (818) 386-6900 for more information on how InvestmentCare's and ACA's staff of NASD and SEC examiners can provide your firm with high quality compliance services.

Theodore E. Eichenlaub
Compliance Consultant

Ted entered the SEC's Office of Compliance Inspections and Examinations as a Securities Compliance Examiner under the federal government's Outstanding Scholar Program. During his tenure, he participated and led over 100 investment company, administrator, transfer agent, variable insurance product sponsor and investment adviser examinations, leaving the Commission as a Staff Accountant. Ted has also spoken at several SEC training programs and served as Liaison to the SEC's Boston District Office and Hong Kong's Securities and Futures Commission. He has extensively analyzed exchange-traded funds (ETF) and has worked with the SEC's Division of Enforcement on a number of serious regulatory issues.

Ted has successfully completed Level I of the Chartered Financial Analyst program and is working towards achieving the NASD/Wharton Certified Regulatory and Compliance Professional designation. He is a graduate of the Pennsylvania State University with a B.S. in Finance and a minor in Economics.

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Jeffrey C. Morton
Compliance Consultant

Jeff worked at the SEC's Office of Compliance Inspections and Examinations as a Securities Compliance Examiner. During his tenure at the Commission, Jeff examined investment advisers, investment companies, and financial planners and uncovered significant concerns during several of his examinations that were subsequently referred to the SEC's Division of Enforcement for further investigation. He has spoken on various topics at industry-sponsored conferences and has also lectured at the SEC's national training program for new investment adviser inspection staff. Jeff served as a liaison to the SEC's San Francisco District Office and the Ontario Securities Commission and trained several groups of foreign regulators during the development and implementation phases of their regulatory oversight programs. Jeff received the SEC's 2001 Examination Award of Excellence, which recognizes those in the inspection program for their contributions to the Commission's mission to protect investors and maintain the integrity of the securities markets.

Jeff is responsible for coordinating mock inspections of investment advisers. Jeff's duties also include conducting performance verifications, responding to SEC and state issued deficiency letters, and reviewing best execution, advertising, and personal securities transactions. He graduated cum laude from the University of Scranton, with a major in Criminal Justice and minors in Business and History. Jeff has successfully completed Level I of the Chartered Financial Analyst program and is currently a Level II candidate in the NASD/Wharton Certified Regulatory and Compliance Professional program.

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Barry P. Schwartz
Compliance Consultant

Barry worked at the SEC's Office of Compliance Inspections and Examinations as a Securities Compliance Examiner and a Staff Accountant. During his SEC tenure, Barry inspected and subsequently referred numerous registered investment advisers and investment companies to the SEC's Division of Enforcement for further investigation. In addition, Barry lectured at the SEC's annual training seminar for new inspection staff. For his efforts in ensuring the industry was prepared for the Y2K, Barry was awarded the SEC's Examination Award of Excellence.

Prior to joining the SEC, Barry was employed by a prominent Washington, DC registered investment adviser. His duties included supporting the financial analysis and portfolio management functions as well as certain compliance responsibilities. In addition, while living in Madrid, Spain, he conducted due diligence reviews for Socimer Espana, SA, a multinational corporation. Among his responsibilities, he analyzed current and past projects of the organization and created proposals to submit to nongovernmental organizations such as the World Bank.

Barry's duties include conducting performance verifications, responding to SEC and state issued deficiency letters, and reviewing best execution, advertising, and personal securities transactions. He graduated cum laude from The American University, Washington, DC, majoring in International Finance with a minor in Spanish Language Studies. He has completed Level I of the Chartered Financial Analyst program and is a Level II candidate in the NASD/Wharton Certified Regulatory and Compliance Professional program.

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Robert L. Stype
Compliance Consultant

Rob is primarily responsible for the best execution investment adviser program and directing the research necessary to respond to client inquiries. His duties also include coordinating a quarterly newsletter, conducting performance verifications, reviewing advertisements, and responding to SEC and state issued deficiency letters. Rob graduated summa cum laude from Clarion University of Pennsylvania with a B.B.A. in Finance. He has completed Level I of the Chartered Financial Analysts examination program and is currently a Level II candidate in the NASD/Wharton Certified Regulatory and Compliance Professional program.

Rob joined the SEC's Office of Compliance Inspections and Examinations as a Securities Compliance Examiner and was subsequently promoted to Staff Accountant. He was then promoted to Branch Chief and was responsible for managing a team of five examiners. During his tenure with the Commission, Rob conducted approximately 150 examinations. In addition to conducting inspections, he made significant contributions to various special projects. Specifically, he conducted numerous examinations as a part of the SEC's soft dollar inspection sweep, and prepared a critical portion of the publicly available summary report. Also, Rob was an active participant in the SEC's initiative to ensure that advisers are receiving best execution when placing client trades.

Rob has spoken on a number of topics at various industry conferences and SEC internal training programs. Over the past three years he has participated in more than twenty of these programs, with an emphasis toward issues related to soft dollar practices, best execution, and advertising/performance calculations. Additionally, he has written several articles regarding the SEC's inspection process that have been published in industry journals and periodicals. In December 1999, he received the Examination Award of Excellence from the SEC. This award is given annually to the examiner who contributes the most in the way of dedication, integrity, and performance to the SEC's Examination Program.

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Gary C. Watkins
Compliance Consultant

Gary was President & CEO of a large consulting firm servicing investment advisers. At this firm, he was responsible for consulting on a variety of compliance issues related to federal and state registered investment advisers. Typical engagements included performing mock SEC or state inspections and identifying trends and initiatives so that advisers could respond proactively to developing regulatory issues. Gary was also active in lobbying the Virginia General Assembly and the Virginia State Corporation Commission to promote and protect the interests of investment advisers located in Virginia. He also represented clients before governmental agencies, and monitored legislation in the Virginia General Assembly. Gary has spoken at several trade group conferences for investment advisers, CPAs, and CFPs on various matters related to registration, solicitor relationships, /sub-adviser responsibilities, and investment policy statements.

He developed his inspection background as a state securities regulator with the Virginia State Corporation Commission's Division of Securities. While employed with the state of Virginia, Gary was responsible for conducting on-site investment adviser compliance examinations and investigations. Gary participated in several conferences sponsored by the National White Collar Crime Unit, NASAA, NASD, and SEC. He also conducted many investigations on alleged violations of the Virginia Securities Act and participated in criminal investigations with local law enforcement agencies. Gary holds degrees in accounting, psychology, and criminal justice from Virginia Commonwealth University and is currently pursuing an MBA in finance.Adviser

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Nicholas J. Prokos
Compliance Consultant

Nick joined ACA in October 2002 as a principal consultant. Prior to joining ACA, Nick spent two and a half years as a principal consultant with PricewaterhouseCoopers' Regulatory Compliance Consulting Group, and also worked for nearly four years as a senior examiner and staff accountant in the SEC's Northeast Regional Office. Nick's experience includes a variety of engagements in the area of compliance consulting for the investment management, banking and insurance industry. While at the SEC, Nick was involved with the examination of investment advisers and investment companies, variable insurance products, and business development companies. He also was involved with certain SEC focus or "sweep" examinations involving soft-dollars, securities lending, cross transactions and 12b-1 fees.

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Gina Galang
Compliance Consultant

Gina joined ACA as a principal consultant in November 2002. Prior to joining ACA, Gina was employed as Staff Accountant with the SEC's Southeast Regional Office. During her five year tenure at the Commission, she participated and led in over 94 examinations of investment advisers and investment companies, several of which were subsequently referred to the SEC's Division of Enforcement for further investigation. Gina graduated from the University of South Florida in 1992 with a B.S. in Finance, and went on to earn her Juris Doctorate at Stetson University College of Law, and was admitted to the Florida Bar in 1995.

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