You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

PORTLAND, Maine--(BUSINESS WIRE)--Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance solutions and technology offerings to clients in the global asset and wealth management industry, today announced that it has acquired the regulatory compliance business of JG Advisory Services LLC, a comprehensive regulatory solutions provider for hedge and private equity funds. Based in New York, New York, JG Advisory Services has helped its clients meet regulatory requirements through creative compliance solutions since 2005. JG Advisory Services has worked with a wide range of hedge fund and private equity fund managers but has particular expertise with emerging managers. Judy Gross, principal and founder of JG Advisory Services, and her colleagues will join Foreside in mid-March 2021. When assessing acquisitions, we consistently choose firms that are known for outstanding client service and industry expertise, said David Whitaker, president of Foreside. JG Advisory Services has helped sophisticated private equity and hedge fund firms develop into industry leaders, and we are proud to have them on board to build our expertise with emerging managers. We are so excited to become a part of the Foreside team, said Gross. Foresides reputation of industry-leading compliance and consulting services made them a great fit for us, particularly as an option to step out of an ownership role but continue serving our private equity and hedge fund clients with quality service and with a deep bench of knowledgeable consultants and technology solutions. As Foreside continues its steady momentum of regional roll-ups, this marks the companys sixth acquisition since 2019. Foreside, which is majority-owned by PE firm Lovell Minnick Partners, previously acquired: (i) Capital Markets Compliance, a leading compliance, consulting, and FINOP practice, in January 2021; (ii) ICSGroup, a regulatory compliance services firm serving the asset management industry, in November 2020; (iii) Quasar Distributors, U.S. Bancorps mutual fund and exchange-traded funds (ETFs) distribution business, in March 2020; (iv) Compliance Advisory Services, a leading regional compliance firm, in October 2019; and (v) NCS Regulatory Compliance, a comprehensive provider of outsourced compliance and regulatory services, in January 2019. Financial terms of the transaction were not disclosed. About Foreside Financial Group Foreside delivers comprehensive advice and best-in-class technology solutions to clients in the global asset and wealth management industries. Foreside distributes more than $1 trillion* of product through their 17 limited purpose broker-dealers. For 15 years, Foresides suite of services and platform-based model have helped automate and simplify compliance and marketing for clients. Foreside works with pooled investment products, investment advisors, broker-dealers, global asset managers, and other financial institutions. By harnessing state-of-the-art technology, Foreside helps firms address and shape todays regulatory environment, drive operational efficiency and growth, and focus on value-adding work. Foreside is headquartered in Portland, Maine, with numerous regional offices, including New York and Boston. For more information on Foresides suite of services, please visit www.foreside.com. *as of 1/1/2021 About JG Advisory Services LLC JG Advisory Services is a leading provider of compliance consulting services to the investment adviser community. Since its inception in 2005, it has worked with investment advisers to hedge funds and private equity funds spanning a broad range of sizes, from large well-established institutions to smaller start-up ventures. JG Advisory Services particular expertise is in providing very sophisticated, customized support to advisers that enables them to maximize their business potential. The firm has also worked on ancillary projects over the years, including compliance technology development.

Answer: Foreside Acquires JG Advisory Services LLC In its sixth acquisition since 2019, Foreside bolsters its regulatory solutions for hedge fund, private equity, and other emerging alternative investments managers