How Compliance Budgets Will Be Spent

Todd Spillane

Senior Director, Consulting

Todd Spillane brings more than 20 years of industry experience, with a focus on compliance and legal functions in investment management, to his Senior Director’s role at Cutter Associates. At Cutter, he is the subject matter expert and advisor on compliance initiatives, providing thought leadership as well as strategic and tactical advice. In addition to compliance, his areas of expertise include risk management, valuation, and legal oversight. A featured speaker at various industry forums on compliance-related topics, he has presented on compliance and risk management for investment managers. Prior to Cutter, he held several compliance, general counsel, and COO leadership roles, including most recently as GC, CCO, and COO of AlphaTrAI. He also was Executive Director at Morgan Stanley Investment Management, where he oversaw the compliance program for Morgan Stanley Funds. A graduate of Fairfield University and Western New England School of Law, Todd is a member of the Connecticut Bar.

Stacia Graham

Managing Director and Asset Management Lead

Stacia Graham has more than 25 years of experience in investment management, bringing a deep understanding of end-to-end asset management processing and project management to her role as Managing Director, Asset Management Research Lead at Cutter Associates.

Stacia also serves as a subject matter expert for targeted engagements in Enterprise Risk and Compliance.

Prior to joining Cutter in 2018, Stacia worked at Wellington Management Company LLP in Boston in various senior roles within compliance, investment administration, and operational risk, including leading and managing the global Investment Guideline Compliance team for eight years. She earned a bachelor of science in business administration from Bryant University and an MBA from Bentley University.

Recent research assignments and publications include the following:

Client Portal Solutions
Client Reporting Systems
Cutter Benchmarking: Client Reporting
Cutter Benchmarking: Modern Compliance in Investment Management
Electronic Communications Surveillance Systems
Hybrid Work Arrangements and Their Impact on Firm Culture
Performance Measurement and Attribution Systems
Portfolio Analytics Solutions
Research Management Systems
Using RPA to Automate Business Processes

Recent Consulting Engagements include:

Assessment of business processes and systems to support regulatory reporting (shareholder disclosure reporting) for a large asset manager

Assessment of requirements and vendor solutions for Electronic Communication Surveillance for a small asset manager, to rectify SEC findings

Jul 26, 2022

We surveyed a cross-section of the investment management industry to find out their plans for delivering effective and efficient compliance programs. See what they revealed about budget and spending.

We surveyed a cross section of the investment management industry to find out their plans for delivering effective and efficient compliance programs. Here's what they revealed about budget and spending. You can see more findings at Cutter Benchmarking 2022 Modern Compliance in Investment Management.