Foreside Financial Group, a provider of regulatory and compliance services to the global asset management industry in the US, has acquired Compliance Advisory Services, a US financial institution consulting firm.

The firm, which is based in Portland in Maine but also has offices elsewhere in the United States and in London, offers fund, broker-dealer and advisor compliance services, distribution consulting, legal underwriting, FINRA licensing to sponsors of funds, private placements, broker-dealers and asset management firms.

CAS is a regulatory compliance consulting firm that concentrates on investment advisors. Foreside is keen to subject CAS's customers to its proprietary compliance technology which helps firms 'manage' their regulatory obligations.