Joseph B. Andolina

Funds & Investment Advisers — Compliance & Operations

Joe advises on portfolio management, trading, distribution and operational issues for registered investment advisers (RIAs), closed-end funds and open-end funds. He regularly provides counsel and presents to boards, as well as leading risk and compliance diligence for mergers and acquisitions.

In addition to preparing and handling regulatory filings for open-end and closed-end funds, Joe is experienced in all adviser-related regulatory filings, including the Securities and Exchange Commission’s (SEC) form ADV, form PF and Section 13 filings; the National Futures Association’s (NFA) Commodity Pool Operators–Pool Quarterly Report (CPO-PQR) and Program Report for Commodity Trading Advisors (CTA-PR); the U.S. Treasury’s TIC forms; and the Bureau of Economic Analysis’ BE forms.

Joe ensures compliance with U.S. laws and regulations, including SEC compliance for domestic and offshore registered investment advisers (RIAs) and exempt reporting advisers (ERAs). He assists clients in developing and administering enterprise-wide risk management frameworks and risk-based compliance programs, including right-sized compliance policies and procedures that are tailored to a client’s specific business, regulatory risk profile, and risk appetites. Based on his extensive in-house experience, Joe is able to translate legal and regulatory hot topics into practical and actionable advice concerning areas of RIA and fund compliance, including testing and documentation best practices. He conducts annual and ad hoc compliance training for clients’ staff.

Regulatory Examinations & Investigations

Joe leads responses to regulatory examinations of RIAs; registrants of the Commodity Futures Trading Commission (CFTC) and the National Futures Association; and Financial Industry Regulatory Authority (FINRA) limited-purpose broker-dealers. He has led responses to multiple SEC, NFA and FINRA exams for domestic and offshore registrants; an investigation by the Department of Labor; and multiple ESG inquiries from state attorneys general. Joe works with clients prior to and during regulatory examinations by thinking strategically throughout the engagement, assisting with responses and document production, preparing members of clients’ business for staff interviews, interfacing with staff when advisable, and responding to deficiencies.

Prior Experience

For 13 years, Joe served Aberdeen Investments, most recently as chief risk officer for the Americas and chief compliance officer — leading compliance, operational risk and legal functions of Aberdeen’s $45 billion domestic RIA covering traditional, alternative and private market asset classes and including institutional and retail distribution. He managed and led a team of approximately 20 professionals focusing on adviser compliance, registered fund compliance, broker-dealer compliance, and operational risk and compliance testing. Joe also served as chief compliance officer for Aberdeen’s registered open-end and closed-end fund complexes, spanning 11 separate boards.

In his various capacities, Joe led M&A risk and compliance diligence for multiple deals, including the acquisition of several RIAs and registered fund complexes. He also has extensive experience in cross-border distribution and the administration of sanctions and anti-money laundering regimes applicable to asset managers.

Before Aberdeen, Joe was an investment management associate at Faegre Drinker. Prior to law school, he served the youth educational nonprofit City Year as development director, project manager and corps member.

Personal Interests

In his free time, Joe enjoys watching sports, particularly baseball, running trail marathons, coaching Little League and staying active in his children’s youth sports.