Senior Management

Patrick Chism

President

25 years of Broker-Dealer and Investment Management experience.

Licenses:

  • Series 7, General Securities Representative,
  • Series 9, General Securities Sales Supervisor,
  • Series 10, General Securities Sales Supervisor,
  • Series 24, Securities Principal,
  • Series 66, Uniform Combined State Law, and
  • Series 99, Operations Professional.

Legacy: Franklin Square, Prudential Securities, Merrill Lynch and UBS Financial Services.

Patrick Chism has twenty years of experience in the brokerage industry from various firms, including Franklin Square Capital Partners, Prudential Securities, Merrill Lynch and UBS Financial Services. Most recently, Patrick was part of the compliance team at Franklin Square Capital Partners, an 18-billion-dollar alternative asset manager and distributor. His responsibilities included on-going risk assessment, establishing and implementing testing standards, monitoring of Compliance Programs, and collaborating on updating Compliance policies.

Patrick was responsible for supervision of 120 registered representatives’ activities, review of potential conflicts of interest, trading, political contributions, and outside business activities.

Previously, Patrick’s responsibilities included all Compliance functions for a 24-billion-dollar complex with 80 plus financial advisors. His duties included oversight of all client accounts, trading and operations. Furthermore, he also conducted specialized reviews for complex products and Financial Advisor activity.

Patrick was also the point of contact for regulatory and other legal inquiries. Patrick holds several FINRA Licenses, including Series 24 (Securities Principal), Series 7 (General Securities Representative), Series 9 and 10 (General Securities Sales Supervisor), Series 66 (Uniform Combined State Law), Series 99 (Operations Professional Examination) and previously held life and health insurance licenses. Patrick earned his bachelor’s degree from Texas A&M University.

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Gerard Scarpati, MBA, CPA

FinOp

25+ years of Broker-Dealer and Investment Management experience.

License:

  • Series 27, Financial and Operations Principal.

Legacy: Founding CFO of Lockwood Financial Group, Turner Investment Partners, and Citigroup.

Mr. Scarpati is a Certified Public Accountant with over 25 years of experience in the Financial Services and Investment Management Industry.

Mr. Scarpati was one of the initial founders of Lockwood Financial Group ― one of the leading entities responsible for the growth of multi-trillion dollar Separate Account Industry. Gerard served as Chief Financial Officer of Lockwood until it was acquired by BNY Mellon Inc. Prior to serving as Chief Financial Officer of Lockwood, Mr. Scarpati was Director of Finance for Turner Investment Partners, a multi-billion dollar investment adviser. He also held Senior Financial Management Level positions at Continental America Insurance Company. Gerard started his career at KPMG Peat Marwick.

Mr. Scarpati previously served as Chief Compliance Officer of a Federally Registered Investment Company. He has established, modified and tested Investment Adviser Compliance Programs. Gerard also serves as Financial Operations Principal for FINRA registered Broker/Dealers.

Mr. Scarpati received his Bachelor of Science Degree in Accounting from the University of Delaware, and his Masters of Business Administration from Villanova University. Gerard holds a FINRA License, Series 27 (Financial and Operations Principal).

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Salvatore Faia, JD, CPA, CFE

Regulatory Compliance

25 years of Broker-Dealer and Investment Management experience.

Licenses:

  • Series 7, General Securities Representative,
  • Series 24, General Securities Principal,
  • Series 63, Uniform Securities Agent,
  • Series 79, Investment Banking,
  • Series 99, Operations Professional Examination,
  • AICPA Certified in International Financial Accounting Standards (IFRS) and Enterprise Risk Management (COSO).

Legacy: Vigilant Compliance, LLC.

Salvatore is an Investment Management Attorney, and has extensive experience with Mutual Funds, Investment Advisers, Hedge Funds, Broker Dealers, Business Development Companies and the investment management industry. His Fund experience includes Mutual Funds, Global Funds, International Funds, Hedge Funds and Business Development Companies. In addition to being an experienced Investment Company Act of 1940 Act and Advisers Act attorney, he is a Certified Public Accountant, and holds FINRA Securities Licenses, including the Series 7 (General Securities Representative), Series 24 (Securities Principal) and Series 63 (Uniform Securities Agent), and Series 79 (Investment Banking), Series 99 (Operations Professional Examination) and AICPA Certified in International Financial Accounting Standards (IFRS). Salvatore is also Qualified as an Investment Adviser Representative.

Member of the ICI’s Chief Compliance Officer Committee, 2004-Present. Salvatore has worked on Funds, Advisers, and Broker Dealers from inception, to launch, to successful marketing. He has built Compliance Programs from the ground up, and has often worked with regulators, including the Securities and Exchange Commission, FINRA and State agencies. He has a wealth of practical and educational experience. He participated in the SEC Break Point Task Force, and the SEC Omnibus Accounting Task Force.

Salvatore received his Law Degree from the University of Pennsylvania Law School where he graduated with Order of Coif Honors, and has his Undergraduate Degree in Accounting and Finance, with summa cum laude Honors. He is admitted to practice law in various jurisdictions, holds an active CPA license and is a frequent speaker at Compliance and Investment Industry events.

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