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About Wells Compliance Group

Wells Compliance is a web-based solution that simplifies data gathering and eliminates the need for client entries into their own accounting ledgers. Our data-gathering tool moves the transactional data gathering function as close to the source of the transaction (or event) as possible. We obtain data and documents related to a transaction, then deliver them into a queue for processing by Wells Compliance. Trained personnel make entries into the company ledgers, then analyze the data and documents, making processed information available to management, auditors and stakeholders in an innovative way to truly understand their company’s real time financial condition.

 

 

 

Services

SEC Reporting

Wells Compliance’s web-based platform is an innovative method for public companies to prepare timely and accurate periodic SEC reports: Forms 10-K and 10-Q, Transactional Forms 8-K, S-1, S-8, Compliance Forms 3,4 and 5. It provides a sustainable source to operate the business more accurately by enabling companies to monitor lagging indicators of risk and performance.

CFO Services

Wells Compliance offers CFO-level services including the transition management, analysis of operating efficiency, and fund raising assistance. We also provide support for investor relations, board of director and audit committee participation, M&A transactions, APO/IPO planning and preparation, and GAAP transaction structure advice.

Relationship Management

The Wells Compliance network includes strategic alliances with accounting and law firms both regional and international. We have an extensive network of companies that provide services such as investor relations firms, XBRL filings, insurance brokers, transfer agents, broker dealers and venture capital groups. The purpose of these alliances is to secure preferred pricing levels for our clients and to ensure employment of competent service providers.

GAAP-Level Accounting & Analysis

Wells Compliance offers extensive operational and technical accounting experience including knowledge of GAAP requirements and current ASC pronouncements, financial and SEC reporting assistance and support with the preparation of roll-forwards, consolidations and analysis, as well as a variety of GAAP-level worksheets that include derivatives, Black Scholes, equity transactions, revenue recognition and warrant/option valuation.

Bookkeeping Transactions

Wells Compliance provides full service transaction management including day-to-day bookkeeping and administrative tasks on which the financial foundation of your company is formed.

 

Meet The Team

  • David R. Wells
    David R. Wells

    Founder and CEO

    David R. Wells has served as CFO of several public and pre-public companies and led multiple public offerings, private placements, and M&A transactions:  Sionix Corporation (OTCBB: SINX), Voyant International Corporation (OTCBB: VOYT), PowerHouse Technologies Group, Inc. (now Migo Software, Inc.). He has served in several other companies as a consultant, including BroadStream, Inc., Hollywood Stock Exchange (HSX.com), and Cord Blood America, Inc. David is the Founder and Chief Executive Officer of Wells Compliance Group, and the creator of F.A.C.T.S.—the innovative cloud-based platform for public companies who choose to outsource preparation of SEC reports. He holds an MBA from Pepperdine University and has been involved in several charitable organizations - Goodwill of Southern California, The Leukemia Foundation (Team in Training) and First Star.
  • Irina Pestrikova
    Irina Pestrikova

    Director of Operations

    Irina Pestrikova has significant experience working directly with financial professionals to resolve complex accounting and reporting issues. She has experience with stock option valuation, financial reporting and compliance, as well as with the development of SEC reporting software. Irina provided controller, financial planning and analysis, and merger and acquisition services to clients in the software, water treatment, oil and gas, and fashion industries. She also led project management, documentation and testing of internal controls for financial reporting and disclosure at several companies seeking to comply with the Sarbanes-Oxley Act. Irina holds an MBA in Finance from Pepperdine University.
  • Alon Goren
    Alon Goren

    Chief Technology Officer

    Alon Goren is CEO of InvestedIn and the new CTO of Wells Compliance Group. He has developed technology that powers websites and financial transactions for Fortune 500 companies and well-known foundations such as Coca-Cola, ATB Financial and Global Philanthropy Group. He also created a white label fundraising portal for individuals and businesses hoping to crowdfund ventures independently of major platforms. Before launching InvestedIn, Alon worked for entertainment tech giants such as IMDb and MySpace where he managed product development, testing and performance. Alon is a thought leader on social enterprise and crowdfunding, and has spoken at SXSW V2V, Kingonomics and many other conferences and been featured in prominent publications including Forbes and VentureBeat.

Partners

Frenkel & Company   www.frenkel.com

Frenkel & Company is a privately owned international insurance brokerage founded in 1878, and is among the 50 largest US brokers with locations in New York City, Los Angeles, Jersey City, and Boston. They provide a full service delivery platform to aid complex multi national companies at the highest level. The company has established decades long relationships with some of the largest companies in the world by maintaining an intense focus on client services, and better insurance solutions through their creative program design and attentive risk engineering. With Frankel & Company’s global reach in insurance markets, companies have access to the widest array of insurance solutions, thereby guaranteeing the best results.

Gerard Fox Law   www.gerardfoxlaw.com

Gerard Fox built the Firm because he wanted a different kind of law firm for the new generation of businesses.  He brought in lawyers from the top law schools in the country and from the top law firms nationally and internationally.  He attracted lawyers who share in his vision that the practice of law requires not only hard work and persistence, but innnovation, enthusiasm, and an unbridled commitment to excellence.  Gerard Fox Law will provide you with exceptional legal advice, offered from a fresh, diverse, and business-oriented perspective, and the Firm’s lawyers will endeavor to get to know you and your business.

Windmill     www.choosewindmill.com

Windmill is a creative, dynamic and integrated social media and communication design + management house focused on driving online perception for small public and private companies. With a team experienced in corporate communications, social media, investor relations, sales, financial marketing and consulting, psychology and design, Windmill is highly effective at servicing the modern communication needs of companies across a spectrum of industries.  While every company is as unique as a fingerprint, they all require the same communication tools to get their intended message across to the public – and even more, to get their intended message across to customers, partners, investors and fans. Windmill provides simple and affordable a la carte services designed to engineer or renew these tools, and sustain them over the long-term. Services include social media, website design, copywriting, press releases, public and investor contact, and more.

Contact

Please contact us with questions or to find out more about how our services can assist your growing company.

Wells Compliance Group
2601 Ocean Park Blvd., Suite 210
Santa Monica, CA 90405
310-800-7175
hello@wellscompliance.com