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Our Staff Makes The Difference

ComplianceWorks’ staff has direct experience in other areas of an investment firm and not just in compliance which gives them a greater sense of the business implications of their compliance solutions.

Some of our consultants are ex-Chief Compliance Officers and all are experienced compliance professionals. Unique to ComplianceWorks, relative to other compliance firms, certain staff members have extensive experience in the Hedge Fund environment.

The President of ComplianceWorks, Jeff Groves, was at a Hedge Fund that was dually-registered as an SEC investment adviser and a broker dealer for over 16 years. Contributing to a full understanding of the hedge fund as a business is the fact that, in addition to being the firm’s Chief Compliance Officer, he also headed up the sale of a fixed income research product, traded equities and developed and maintained statistical quant models during his tenure. Broad experience like this typifies ComplianceWorks professionals.

Jeff Groves

President

With more than 20 years of industry experience, including positions as Chief Compliance Officer and Chief Administrative Officer and partner of an investment adviser and broker dealer, Jeff provides a deep knowledge base CWI’s clients have come to depend on.

Jeff consults broker dealers, investment advisers, hedge funds and private equity firms on various issues regarding SEC and FINRA regulation; assists in the preparation for regulatory audits and consults on business issues as they relate to compliance. Jeff has achieved a FINRA/Wharton certification as a Certified Regulatory and Compliance Professional (CRCP).

Prior to opening the doors at ComplianceWorks, Jeff served as a lead consultant with ComplianceMAX Financial, a large compliance technology firm in San Diego, CA. Jeff was a partner with Helix Investment Partners LLC and Helix Trading LLC, a dually registered investment adviser (hedge fund) and a broker dealer. In addition to being CCO and CAO of Helix, he was in charge of the production and sale of a corporate bond research product and also traded equities.

Jeff has a Bachelor of Science in Finance from California State University, Fullerton and performed graduate studies at Pepperdine University. He holds the Series 24, 4, 7, 55, 63 and 65 designations.

When not engaged in compliance, Jeff can be found living the good life in Southern California – skiing and snowboarding in Mammoth; rooting for the LA Lakers at the Staples Center; or on the sidelines of a local soccer field cheering on both daughters’ teams.

Sharon Goldberg

Regulatory Consultant

Sharon brings more than 25 years of industry experience to the CWI team, including positions as Chief Compliance Officer and Senior Director of Operations. She currently consults investment advisers and broker dealers on various issues regarding SEC and NASD regulations and assists in the preparation of regulatory audits and other back office and operational issues.

Prior to her current position with ComplianceWorks, Sharon was the Chief Compliance Officer for First Quadrant, a registered investment advisor and prior to that she served as Chief Compliance Officer with Macquarie Allegiance Capital, a registered investment advisor. She also served as CCO for their other affiliated companies including a hedge fund of funds. Sharon was also the executive in charge of the Operations area and has a proven record of leading and driving complex organizational change programs such as re-engineering and automating manual processes to reduce risk and improve operational efficiency.

Sharon previously held various management positions within the Investment division at Pacific Life Insurance Co. and as a result of her tenure at Pacific Life, holds the Series 7 designation. She has been a presenter at industry conferences on a variety of topics and holds a Bachelor of Arts degree from Chapman University, Orange, CA.

In her free time, Sharon can be found exploring the great outdoors in the beautiful Colorado Rockies.

Jeffrey Cannizzaro

Regional Director Business Development & Regulatory Consultant

Jeff consults broker dealers and investment advisers on various issues regarding SEC and FINRA regulations, assists in the preparation for regulatory audits and consults on business issues as they relate to compliance.

Most recently serving in such capacities as Chief Compliance Officer and Chief Risk Officer, Jeff has over 15 years of industry compliance experience and has spent his entire career working in compliance departments for large, complex investment advisers and broker dealers, most recently in an executive capacity.

During his career he has developed both compliance and operational procedures that are uniquely designed to marry compliance requirements with the operational needs of an efficient business. Jeff has worked for some large institutional firms and smaller sized firms as well, thus he understands that compliance solutions need to be grounded in reality and need to be practical and resource-appropriate for each firm.

Jeff has a Bachelor of Arts degree in Economics with a concentration in Finance, from the University of Connecticut, and holds the Series 7, 9, 10, 24 and 63 designations.

Jeff and his wife act as a foster home for abused dogs and welcomed their first child in May 2012.

Hilary Johnson

Regulatory Consultant

Hilary officially joined CWI in 2013 with more than 20 years of securities industry experience. She began her securities industry career in the trading department of a broker-dealer, later transitioning to the compliance area including the time spent working alongside Jeff Groves at ComplianceMax (now National Regulatory Services) as a Senior Compliance Consultant serving both investment adviser and broker-dealer clients.

Hilary earned a B.S. degree Cum Laude from UCLA, and was the recipient of its Chancellor’s Marshall Award given to graduating seniors for outstanding service to the institution. She played professional volleyball for several years after completing her undergraduate studies and during this time period also completed graduate business courses at San Diego State University.  Hilary passed the Series 4, 7, and 24 securities exams.

Hilary continues to enjoy beach volleyball on weekends, occasional golf outings, cooking, and daily walks with her Decker terrier.

Thomas Krueger

Regulatory Consultant

Thomas brings more than 17 years of industry experience to the CWI team, including positions as Chief Compliance Officer and Director of Investment Industry Analysis. He currently consults investment advisers and broker dealers on various issues regarding SEC, NASD and state regulations and assists in the preparation of audits, registrations, licensing and other issues.

Prior to his current position with ComplianceWorks, Thomas was the Chief Compliance Officer for Hub International Investment Services, a registered investment advisor and FINRA broker/dealer.  Prior to that, he served as Chief Compliance Officer with Financial West Group, a registered investment advisor and FINRA broker/dealer. He also worked in institutional money management. Thomas has a proven track record of leadership in the financial services industry.

Thomas previously held various management positions within the Investment division at AIG SunAmerica Life Insurance Company.  He holds the series 4, 24, 27, 53, 7, 55, 79, 99, 65 and 63 designations, as well as being a life agent and RIA in California. He received a MBA degree from USC, in Los Angeles, CA.

In his spare time, he can be found at the beaches of Southern California or enjoying the weather while wine tasting in central California.

John Stutz

Regulatory Consultant

John brings over 40 years experience in the financial services field , mostly in the capacity of senior management in the compliance, operations and trading fields.  He has worked with a number of firms in Chicago including, small broker dealers, large broker dealers, Investment Advisors and CBOE option trading firms.

Prior to joining CWI in mid 2014, John was the Chief Compliance Officer for Northwestern Mutual Financial Network in the Chicago area.

He holds  the series 4, 7, 8, 24, 27, 53, 63, 65 and 66.

The Chicago native and his wife, Carol, enjoy spending free time with their four grandchildren.

Tim Dalton

Business Development Director

Tim has over 25 years experience in the financial services industry participating in several diverse segments.  Prior to joining ComplianceWorks, Tim acted in a Sales and Business Development capacity marketing innovative products and solutions to the RIA, Hedge Fund, and Independent Broker/Dealer channels.

For the majority of his career, he was involved in Institutional Equity Sales and Trading with two major international investment banks as well as a regional Broker/Dealer.  His expertise also includes Compliance, Operations, Mutual Funds, ETF’s, Life Settlements, 401k’s and Employee Benefits.  Early in his career, Tim managed the Mutual Fund trading desk for a California regional investment firm with over 200 financial advisors.

Along with his professional career, Tim is heavily involved in his local community, serving on boards for high school and youth sports teams.  He’s also involved in high school basketball refereeing, acting as an assignor for Marin and Sonoma County high schools.  He’s also far too immersed in the game of lacrosse, a sport he’s never played, but watched his three teenage children participate and enjoy over the years.


Michael Young

Outsourced Compliance Specialist

Michael’s extensive background includes strategic, marketing and policy planning as well as a wealth of knowledge of day-to-day business operations. His expertise provides an edge in guiding our clients toward a successful marriage between their business strategy and objectives and compliance guidelines.

In addition to providing compliance support to CWI’s clients, Michael is Co-founder and Managing Partner and CCO of Echelon Investment Management, a boutique investment firm, and Managing Partner and CCO of Aspen Equity Partners, an investment banking firm, both in Dallas, Texas.

Michael brings with him more than 20 years of leadership, compliance and operational experience in the financial services industry. He was previously Executive Vice President of an independent broker/dealer, and Executive VP and Head Trader for a securities corporation.

Michael graduated from Emory University’s Goizueta Business School in 1992 with a BBA, concentration in Finance. He also earned the designation of Certified Regulatory and Compliance Professional from the FINRA Institute at Wharton which gives him intimate knowledge on securities regulation and the developments in compliance and risk identification practices. He currently holds the following registrations:  3, 4, 7, 24, 27, 53, 63, 65, 79 and 99.

Michael lives in Dallas with his wife, Cindy, and their two yellow Labradors. Michael is an avid cyclist and is a member of the Volharden racing team, part of Williams Racing Academy. He also is a member of the Board of Directors and Treasurer of Williams Racing Academy Development Project, a 501(c)3 not for profit organization focused on providing the support and growth opportunities for young American cyclists. Michael is the former president and current board member and treasurer of the Preston Hollow East Homeowners Association.

Blake Bjordahl

Outsourced Compliance Specialist

Mr. Bjordahl assumes overall responsibility for providing resources to advisors and financial institutions with outsourced compliance oversight, reviews and written assessments.  Blake has the necessary experience, technical skills, and proven leadership to drive consistency in compliance initiatives across a variety of financial firm structures.   Blake focuses on improved organization and governance constructs to improve consistency and robustness of compliance procedures and controls, ongoing employee compliance training, and reporting to deliver the compliance operating environment and technology infrastructure that meets today’s regulatory environment.  Blake has deep IT, cyber security risk management and operational experiences that position him as a cyber defense expert for the company and as a resource to the financial services community.

With more than 25 years of experience in the financial services industry, Blake has led strategic initiatives in compliance, operations, due diligence, marketing and technology at several of the largest independent firms in the country.  He has previously held positions at various leading financial services firms, including Director of Operations at First Allied Securities where he was responsible for reorganizing the operations department and the overseeing of two mergers. Previously, Blake was the Chief Operating Officer for Centuaurus Financial overseeing the day-to-day technology and operations of the broker-dealer and registered investment advisor.

Blake earned his MBA at Vanguard University in Southern California and his Bachelor of Arts degree in Finance from The Mihaylo College of Business and Economics at California State University, Fullerton.  His active licenses include a Series 24, 7, 66 and 53.

Blake presently resides in Southern California with his wife, Jennifer, and their three children.

Kim Estrada

Outsourced Compliance Specialist

Ms. Estrada provides independent, objective, consulting activity designed to add value and improve advisors’ and financial organizations’ operations through outsourced compliance oversight, reviews and written assessments.  Kim has demonstrated experience and acumen in providing guidance to drive a culture of compliance, helping to meet regulatory expectations and reduce risks related to money laundering and litigation. Kim is an expert in the creation and implementation of effective risk management models to deliver a process that tracks the various elements of operational risk over time and to implement an escalation process that ensures that problems are dealt with adequately and expediently. She understands how to set out principals of good risk management and strong operational controls, including the formation and implementation of unambiguous and achievable written policies, procedures, ethics codes, guidelines and related documentation.  Kim possesses specialized domain expertise in investment risk standards and offers assistance in the development of adequate disclosures relating to risks, back-tested performance and conflicts of interest for existing or new product offerings, as well as investment manager recommendations.  Kim also provides guidance regarding grant writing and submission, as well as pending litigation document production, review and analysis.  Many financial institutions have drawn on the experience and expertise of Ms. Estrada in light of the extensive work she has done in the past with respect to operational risk management.

Ms. Estrada has spearheaded complex, heavily regulated issues subject to the jurisdiction of the Securities Exchange Commission and the Commodity Futures Trading Commission.  Ms. Estrada has previously held positions at various financial services firms, including Chief Compliance Officer of Institutional Liquidity, LLC where she received regulatory approval in nine months for a process normally taking eighteen. Previously, Ms. Estrada has been the point of contact for external and internal audits, anti-money laundering, promotional-material approval, back office administration systems and client services at various firms.

Kim graduated from Barry University, Dwayne O. Andreas School of Law (2000) with a Juris Doctor in Law.  She received a Master of Business Administration with a Legal Emphasis from the University of Orlando (1998) and a Bachelor of Arts in English from the University of South Florida with a Minor in International Studies (1996).  Kim is a Certified Anti-Money Laundering specialist (2007) and former ACAMS advisory board member.  She continues to be an active participant in the annual conferences as a guest speaker, committee chairperson and attendee. She frequently speaks to financial compliance organizations, addressing the subjects of AML compliance, risk assessment management, and governance.

Kim enjoys traveling, experiencing local cultures and reading, reading reading. She resides in central Florida.