Skip to content
Jake Jorgovan

Fractional Chief Compliance Officer Services: 8 Providers Compared

By

Published Updated 13 min read

Every regulated company needs someone who owns compliance: who keeps the policies current, runs the testing, answers the examiner and tells leadership when something is wrong. A growing investment adviser, payments company or healthcare business often needs that person before it can justify a full-time chief compliance officer. A fractional CCO is an experienced compliance officer who takes on the role part time, usually through a consulting firm.

This guide explains what the role has to cover for your regulator, compares eight providers by the sector they serve, how they work, what they charge where they publish it and the evidence they show, and ends with what to settle before you sign.

DisclosureJake Jorgovan co-founded Alpha Apex Group, which is mentioned in this article.

What a fractional compliance officer does, by regulator

The title means different things in different industries, and the regulator decides most of the job. Three examples:

Your businessWhat the rule or guidance saysWhat it means for a fractional CCO
SEC-registered investment adviserRule 206(4)-7 requires the adviser to designate a CCO, who must be a supervised person, responsible for administering its compliance policiesAn outside CCO must still be designated by your firm and be one of its supervised persons; agree the person's authority and access to records in writing
Money services businessFinCEN's rule requires a designated person to assure day-to-day compliance with the AML program, and a review of the program by someone independent of that personIf the provider is your designated officer, that review of the program has to come from someone else
Healthcare organizationHHS-OIG's compliance guidance of November 2023 says the compliance officer should report to the CEO or board and should not lead or report to legal or finance; this is voluntary guidance, and a small entity that cannot support a full-time or part-time compliance officer can designate a compliance contact insteadCheck the reporting line and that the person has no billing, legal or finance duties at your company; a small practice may not need to buy officer coverage at all
What the rules and guidance say about the compliance officer, read on October 7, 2026. The last column is this guide's reading, not legal advice.

The abbreviation causes confusion. "CCO" also stands for chief commercial officer: 9 North Group's homepage, for example, describes fractional commercial leadership for agtech companies, and no compliance service appears on that page. Everything below concerns compliance.

When a fractional CCO fits

A fractional CCO suits a company whose compliance program needs an accountable owner for less than a full week of senior work: a newly registered adviser, a fintech preparing for a sponsor bank's review, a small healthcare provider or a medical device company entering the US market. A project consultant suits a defined piece of work, such as a risk assessment, a mock exam or an independent audit of the program. A full-time CCO suits a company whose volume of products, transactions or examinations already fills the role.

Two providers below, Fraxtional and Riddle, also offer interim compliance officers to cover a vacancy, and two, ARM Compliance Business Solutions (ARMCBS) and Fraxtional, describe a hand-over to a company's own CCO.

Fractional CCO providers compared

This is a shortlist without a ranking, grouped by the regulated sector each provider describes and A to Z within each group. A provider is listed where its own site shows a dedicated fractional, outsourced or interim chief compliance officer service; each provider's service, client or testimonial and pricing pages, where its site links them, were read on October 7, 2026.

Eight fractional CCO providers, grouped by sector and A to Z within each group, as their own sites described them on October 7, 2026. Prices and proof are the providers' own published claims. "Not published" means not published on the pages read.
ProviderMain sectorHow the CCO service worksPublished priceProof published
Securities and investment firms2 of 8 firms
Cheatham Roberts ConsultingBroker-dealers, investment advisers, family offices, private equityIts CCOs serve as your CCO; also support for an in-house CCONot published; proposalNamed client testimonial (Diamond Tech)
CRC OysterInvestment advisers, broker-dealers, fintech, family officesFor investment advisers, a senior professional named on Form ADV; project, retainer or full-program optionsNot publishedNamed client testimonials (Melius Research, TruePlan, Altruist)
Fintech, payments, crypto and money services3 of 8 firms
FraxtionalFintech, crypto, banksA dedicated director as your named CCO, BSA officer or MLROModels published, no amountsTestimonials identified by role, including a crypto firm's CEO
Heritage Risk & AML ServicesMoney services businesses and fintechFractional compliance officer support for BSA/AML programsNot publishedNamed client testimonial (Buckzy, BSA officer)
UGR ConsultingFintech, payments, digital assetsMonthly subscription; fractional CCO in the two higher plans$5,990 or $9,990 a month for plans that include a fractional CCONone on the pages read
Healthcare and FDA-regulated products2 of 8 firms
IUVO ConsultingFDA-regulated productsPart-time or per-project FDA compliance leadershipNot publishedFounder reports nearly 100 device clearances and thousands of companies advised
Riddle ComplianceHealthcare, financial servicesOutsourced or interim CCO, with investigations and privacy servicesNot publishedNone on the pages read
Collections and receivables1 of 8 firms
ARM Compliance Business SolutionsCollection agencies and debt buyersFractional CCO, or support while you develop your ownNot publishedNamed client testimonials on project work (Velocity, Afni)

Securities and investment firms

2 of 8 firms

These two firms work for broker-dealers and investment advisers. For an SEC-registered adviser, the CCO is a role the rule requires.

Cheatham Roberts Consulting

Back to the comparison
Image
Cheatham Roberts Consulting website, captured October 2026.View source (opens in a new tab)

Cheatham Roberts Consulting website, captured October 2026.

Potential fit
A broker-dealer, investment adviser, family office or private equity firm that wants a fractional CCO, or support for its own CCO, from a specialist firm
Published pricing
not published; the firm writes a proposal for each client

Founder Laurie P. Roberts was previously chief compliance officer of Civitas Capital Group, says she acted as CCO of broker-dealers she co-founded, and holds FINRA Series 7, 24, 27, 63 and 79 licenses. The site also quotes Robert Wang, chief executive of Diamond Tech, saying the firm "helped our company get back on track," without describing the work.

The Dallas firm says it specializes in fractional CCO services and in support services for CCOs. It lists what its CCOs do when they serve as yours: learn the business, review the compliance requirements and manual, prepare a risk assessment, run and test the program, oversee high-risk areas and service providers, and prepare the annual review report. It also offers fractional supervisory and FINOP principals, mock audits and marketing reviews.

Sources
Cheatham Roberts Consulting, website (opens in a new tab)
Image
CRC Oyster website, captured October 2026.View source (opens in a new tab)

CRC Oyster website, captured October 2026.

Potential fit
An investment adviser, private fund manager or broker-dealer that wants a named CCO backed by a larger compliance team
Evidence
investment adviser services and client testimonials (opens in a new tab)
Published pricing
not published on the pages read

Liz Davis, founding partner and COO/CFO of Melius Research, says CRC built the firm's compliance framework from the ground up, including its registration as an investment adviser, and has worked with it since its founding. Noah Buck, president of TruePlan Benefit and Retirement Advisors, describes six years of the firm "driving our compliance process", and the homepage quotes the deputy general counsel of Altruist.

For investment advisers that need a designated CCO before a full-time hire, CRC Oyster provides "a senior professional named on your Form ADV." Engagements can also be project-based, on retainer or full-program management, and the firm serves broker-dealers, fintech and digital asset firms, family offices and futures firms. Compliance Risk Concepts was founded in 2013 and acquired Oyster Consulting in June 2025; the combined firm describes its consultants as former CCOs, regulators and compliance executives and reports more than 100 senior professionals and hundreds of firms served (opens in a new tab).

Sources
CRC Oyster, website (opens in a new tab)

Fintech, payments, crypto and money services

3 of 8 firms

These providers serve companies subject to anti-money laundering rules. All three describe helping clients meet what a bank partner expects of their compliance program.

Image
Fraxtional website, captured October 2026.View source (opens in a new tab)

Fraxtional website, captured October 2026.

Potential fit
A fintech, crypto company or sponsor bank that needs a named CCO, BSA officer or MLRO, and help with bank relationships
Published pricing
engagement models without amounts: a one-time fee, a monthly or weekly retainer, or a monthly retainer for a named officer

Fraxtional's testimonials (opens in a new tab) identify clients by their role and company type. A crypto firm's CEO writes, "I never anticipated hiring a fractional Chief Compliance Officer over a full-time executive." A Series B fintech's CEO says the company chose a fractional resource over a full-time BSA officer and was given a director who supported its talks with a new sponsor bank.

The firm places a dedicated director as your named CCO, BSA officer, chief AML officer or MLRO, from a few hours a week to full coverage, and offers a hand-over if you later hire in-house. Its fractional model is a monthly retainer for a director "with full use of name and likeness"; it also sells one-off projects such as audits and sponsor-bank introductions. It works from offices in Buffalo, New York and Hamilton, Ontario, and its about page (opens in a new tab) says founder Ryan Cimo, formerly head of anti-money laundering investigations at M&T Bank, personally serves as CCO and BSA/AML officer for clients.

Ask first
which director would be our named officer, and how many other companies does that person currently serve in the same role?
Sources
Fraxtional, website (opens in a new tab)

Heritage Risk & AML Services

Back to the comparison
Image
Heritage Risk & AML Services website, captured October 2026.View source (opens in a new tab)

Heritage Risk & AML Services website, captured October 2026.

Potential fit
A money services business or fintech that needs a part-time BSA or chief compliance officer, often to secure a banking relationship
Evidence
client testimonials (opens in a new tab)
Published pricing
not published on the pages read

Buckzy's head of global KYC compliance, Rabeeya Siddiqui, writes about working with founder Chris Gunias "as our BSA Officer at Buckzy." Other testimonials on the page cover annual compliance training for Ping Pong, and a Canadian AML consultancy calls Heritage its "go-to consultancy" for US BSA questions.

Heritage offers fractional compliance officer support to money services businesses that need a BSA officer or CCO but "don't have the budget or need for a full time CCO." It also runs independent audits, risk assessments, state licensing for money services businesses and BSA/AML training. The firm was founded in 2020; Gunias has held the Certified Anti-Money Laundering Specialist credential since 2007.

Ask first
if you are our designated officer, who will carry out the separate review of our program?
Sources
Heritage Risk & AML Services, website (opens in a new tab)
Image
UGR Consulting website, captured October 2026.View source (opens in a new tab)

UGR Consulting website, captured October 2026.

Potential fit
A growth-stage fintech, payments or digital asset company that wants compliance leadership at a fixed monthly price
Published pricing
$5,990 a month in October 2026 for the Essential plan, which includes a fractional CCO, and $9,990 for Enterprise; a $2,990 Basic plan lists advisory sessions and does not list a CCO; plans renew automatically until canceled
Evidence
subscription plans (opens in a new tab)

UGR is the only provider in this guide with published prices on the pages read. No client, case study or testimonial appeared on the pages read; its media page lists recognitions, such as a place on Banking CIO Outlook's list of top KYC solution providers, which say nothing about a client engagement.

The Princeton firm offers a fractional CCO for fintechs, payment companies, digital asset firms and healthcare payment companies, covering AML/BSA oversight, governance, policies, regulatory readiness and sponsor-bank support. The Essential plan adds risk assessment support and sponsor-bank readiness; Enterprise adds audit preparation, team mentoring and vendor and technology evaluations.

Ask first
who would be our named CCO under the plan, how many hours a month does it include, and what notice ends the subscription?
Sources
UGR Consulting, website (opens in a new tab)

Healthcare and FDA-regulated products

2 of 8 firms

Healthcare compliance and FDA compliance are different jobs. HHS-OIG's guidance covers federal health care program requirements, including billing and coding; FDA compliance, as IUVO describes it, covers submissions, registrations and inspections for devices, drugs, foods and cosmetics.

IUVO Consulting

Back to the comparison
Image
IUVO Consulting website, captured October 2026.View source (opens in a new tab)

IUVO Consulting website, captured October 2026.

Potential fit
A medical device, drug, food or cosmetics company that needs FDA compliance leadership part time, including one entering the US market
Published pricing
not published for the fractional CCO service

IUVO's founder, Dr. Rhonda Thompson Alexander, reports a track record of clearing nearly 100 medical devices and advising thousands of companies. The pages read name no clients and do not say how many of those engagements were CCO roles.

The fractional CCO service covers oversight of FDA compliance programs, policies and procedures, risk assessment, staff training, and preparation and support for FDA audits and inspections, on a part-time or per-project basis. The firm describes its other work, such as 510(k) and De Novo submissions and facility registration, as flat-rate and project-based.

Sources
IUVO Consulting, website (opens in a new tab)

Riddle Compliance

Back to the comparison
Image
Riddle Compliance website, captured October 2026.View source (opens in a new tab)

Riddle Compliance website, captured October 2026.

Potential fit
A healthcare organization, or a financial services firm, that wants an outsourced or interim CCO with investigations and privacy support from the same firm
Evidence
interim healthcare compliance staffing (opens in a new tab)
Published pricing
not published on the pages read

The New Jersey firm's outsourced CCOs run compliance assessments, design training, maintain policies, handle regulatory audits and internal investigations, and set up risk-based monitoring and auditing. No named client, case study or testimonial appeared on the pages read. Its healthcare staffing page offers interim chief compliance officers, privacy officers and audit specialists for transitions, growth or investigations, and it sells outsourced privacy and security services separately.

Ask first
Riddle also sells medical billing, coding and revenue cycle services. If we use those too, how do you keep them separate from our compliance officer?
Sources
Riddle Compliance, website (opens in a new tab)

Collections and receivables

1 of 8 firms

ARMCBS describes its clients as creditors, collection agencies, debt buyers, collection law firms and receivables service providers.

ARM Compliance Business Solutions

Back to the comparison
Image
ARM Compliance Business Solutions website, captured October 2026.View source (opens in a new tab)

ARM Compliance Business Solutions website, captured October 2026.

Potential fit
A small or midsize collection agency or debt buyer that needs a fractional CCO, or help developing its own
Evidence
client testimonials (opens in a new tab)
Published pricing
not published on the pages read

Two compliance chiefs in the receivables industry vouch for its project work: Velocity Portfolio Group's CCO, Susan Namm, cites several projects, and Afni's former CCO describes an enhanced service provider oversight program and training it designed. Both testimonials describe projects; neither mentions a fractional CCO engagement.

ARMCBS says it serves as outsourced compliance for small to midsize collection agencies, either as a fractional CCO or while a client develops an internal CCO. Its FAQ says some companies use it temporarily during that development or transition and others keep it on for ongoing oversight. It is also an authorized RMAI certification audit provider and runs risk assessments.

Sources
ARM Compliance Business Solutions, website (opens in a new tab)

What SEC examiners saw when advisers outsourced the CCO

The SEC has published what its examiners found at firms that outsource the CCO. In a Risk Alert published in November 2015 (opens in a new tab), its examination staff described nearly 20 examinations of investment advisers and funds that had outsourced the role. The findings are more than a decade old and specific to that industry, but the risks they describe are worth checking in any sector:

  • Contact. Outsourced CCOs who interacted frequently and personally with employees appeared to understand the business better, and their firms showed fewer inconsistencies between policies and actual practice.
  • Capacity. More significant problems appeared where one outsourced CCO served many unrelated firms without enough resources.
  • Access. Annual reviews were more accurate where the CCO could obtain records independently. Where the firm's employees chose which records the CCO saw, the examiners noted that accuracy may have suffered.
  • Templates. Some generic checklists and compliance manuals were not tailored to the firm, so some policies described practices the firm did not follow.

The staff concluded that a CCO, whether an employee or a contractor, must have enough knowledge and authority to be effective, and that the firm remains responsible for its own compliance program. That is a fair test of any fractional arrangement.

Run the first months as a test

You do not need to be a compliance expert to hire one, but you need to know what you are asking the person to own. Write down your regulator, your products and the obligations you already know about before the first call, so each provider answers the same brief.

The first months then show whether the arrangement works. As I wrote in 2020, "When the path isn't clear, it's because you lack the facts to make the right decision." A fractional engagement with a review date gives you those facts: how the person works with your team, what they find and whether part-time coverage is enough.

  1. Agree the scope and the named role in writing

    Say which title the person holds (CCO, BSA officer, compliance contact), what they own, who they report to and what records they can see without asking. Compare proposals on the same points: the named person, hours, minimum term, notice period and hand-over.

  2. Set what must be true by the review date

    Pick two or three outcomes for the first 90 days, such as a current risk assessment, policies that match how the business runs, and an annual review or testing plan. Set the review before any renewal or notice deadline.

  3. Decide at the review what comes next

    Extend, narrow the scope, change provider or start a search for a full-time CCO. Ask any provider how it would hand the program to your own hire.

A one-page fractional CCO scope

Fill it in before the first call

Regulator and registrations
who examines you and under which rules
The role
the title the person will hold and where it is filed
What they own
policies, monitoring and testing, risk assessment, training, investigations, how staff report concerns, regulatory filings
Reporting line and authority
who they report to, and their access to records and staff
Time
hours a week or days a month, and response time for urgent issues
Review date and outcomes
what must be true by then
Independent audit or testing
who performs it, if your rules require one
Hand-over
what must be documented for a successor

Ask each provider these questions on the first call.

  • Who exactly will be our compliance officer, and can we meet them before we sign and hear how they would explain a compliance issue to our team?
  • How many other companies does that person serve as CCO or BSA officer?
  • How often will they be with our team in person, and how will we reach them between visits?
  • How will they get the records they need for testing and the annual review?
  • Which clients in our sector and at our size can we speak to?
  • What is the minimum term, the notice period and the process if the fit is wrong?
  • How would you hand the program over to a full-time CCO?

Sources and method

How this list was made

This is a shortlist without a ranking, grouped by the regulated sector each provider describes and A to Z within each group. A provider is listed where its own site shows a dedicated fractional, outsourced or interim chief compliance officer service; each provider's service, client or testimonial and pricing pages, where its site links them, were read on October 7, 2026.

Provider pages and regulator sources read October 7, 2026

Jake Jorgovan

Jake works with enterprise leaders on marketing strategy and executive talent. He co-founded Alpha Apex Group, founded Content Allies, owns Listen Network and is a partner in Fieldtrip, a group of marketing agencies. He founded Lead Cookie and later sold it.

About JakeWork with Jake