Case Study: Financial Advisory Firm

Financial Advisory Firm Enhances Cyber Security

Mindcore IT Services helped a data-driven corporate financial advisory firm with year-round strategic guidance, improving their cyber security and compliance standards and adapting to their business goals in an ever-changing industry.

The Client 

A full-service proxy solicitation and corporate advisory firm.

Our client offers a distinct range of corporate financial advisory services, providing data-driven and strategic advice to corporate clients and their advisors. They are the single-source solution for corporate executives, boards, law firms, and investor relations agencies for all proxy solicitation, corporate governance, investor intelligence, and proxy logistics matters.

The Challenge 

A growing business that sets new goals every year.

The financial advisory firm has experienced a lot of growth in business over the last several years due to new acquisitions. With the client’s business growing more and more each year and cyber threats constantly evolving, more security compliance requirements need to be met in a scalable way. 

The company knew they needed to partner with IT professionals that could help keep up with their growing business and deal with the increase in exposure to rapidly changing cyber threats to help protect their client’s information and assets. That’s where we came in – helping the firm build long-term solutions to meet common regulations that financial advisory firms have to comply with each year, including the security areas they cover and help adapt their technology to sustain their growing company. 

The Solution

A scalable and seamless cloud and cyber security solution.

Initially, we sat down with the client to review their ongoing problems and developed a solution that would meet their evolving business objectives and new compliance protocols each year. Our cyber security specialists completed a full risk assessment, reviewing all of their systems, hardware, and software. Our specialists made recommendations for upgrading their existing technology to ensure the confidentiality and integrity of their IT security systems, including applying updated software and security patches and implementing regular assessments and penetration tests to scan for potential suspicious activities. 

With the firm acquiring new companies and wanting to expand their business outside of the country, our experts developed a seamless cloud solution to meet their business goals. We migrated them over to a more advanced cloud system that is faster and more secure, allowing the company to centralize its data and software.  Migrating over to the cloud also gives the company access to their data and applications anywhere in the world and all in one place. In the event of a system failure or natural disaster, we have set up regular cloud backups to keep the company’s files and data readily available and secure, so the company does not face any downtime in operations. 

We addressed and faced every challenge the client presented us with and became a trusted advisor they could rely on. 

The Result 

More business growth, company flexibility, and enhanced security.

Over the past several years, we have worked with the advisory firm to provide cyber security, cloud services, and IT support services. Our work with the firm has seen positive results for the company. 

Business Growth 

In the past two years, the firm has grown by 50% and is expected to grow each year by that percentile. The company now has staff in multiple countries and we are able to provide them with IT support overseas.

Flexibility

Moving to the cloud has helped the client to expand their IT systems and give their technology the ability to grow and evolve. The cloud has also provided employees with easy access to data from anywhere on a secure infrastructure that protects the company’s important data and client information. 

Greater Compliance 

The new systems that are in place demonstrate a secure IT network for governance requirements and compliance recertifications. The firm now has a more scalable way to protect its client’s data with regular network monitoring, penetration tests, and vulnerability assessments. We put them in a stronger cyber security position for protection, response, and recovery. 

Trusted Advisors and Cyber Security Specialists 

There is no such thing as a “one size fits all” IT solution, and the financial advisory company’s goals have continued to evolve along with the growth of their business. As with all of our clients, we continue to provide year-round advisory services and strategic guidance to the firm, making sure we give them immediate IT support. Our IT experts provide them with the tools and services they need to be successful in the industry.

 At Mindcore, we face all of our client challenges head-on. Schedule a consultation today and we’ll put together a custom plan together to help you implement new cyber security and cloud solutions.

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