One of the largest worldwide professional groups specializing in royalty compliance.

The Royalty Compliance Organization is an association of professional firms dedicated to providing our clients with solutions to royalty compliance and collection issues by performing royalty compliance audits, recording and copyright valuations, licensing and profit participation engagements and such ancillary services as financial due diligence in connection with sales and acquisitions, litigation support, and other related client needs.

RCO has one of the largest compliance examination practices in the entertainment, intellectual property and intangible asset fields around the world with affiliates in Los Angeles, New York, Nashville, St. Louis and London.  For over forty-six years, our management and staff have performed engagements throughout the world on behalf of licensors, artists, writers and other profit participants.  Our experience includes thousands of engagements for compliance examination services resulting in additional benefits for our clients from 10% to 50% or more of the amount previously reported.

Capitalizing on our versatility developed from the common aspects of compliance auditing, we expanded rapidly from music into merchandising, music publishing, motion picture, video, television, book publishing, brand licensing, sports licensing, computer software, and providing compliance services to licensors of commercial rights and trademarks.  Our experience in this area extends to applying certain procedures at software distributors, book publishers, and toy, apparel, and game manufacturers.  In more recent years, as the industry became acquisition minded, we broadened our services to include the areas of financial due diligence and asset valuations.  Additionally, we provide forensic accounting and litigation support services.





Wayne Coleman, CPA

President & Chief Executive Officer

Wayne is Founder and Chairman of Capstone International, Inc., Financial Services Team, Inc. (“FST”), The Royalty Compliance Organization (“RCO”), and Royalty Information Technology Services, Inc. (“RITS”).  Mr. Coleman was with Touche Ross & Co. before becoming a partner of Gelfand, Rennert & Feldman (GR&F) in 1971, a partner of Coopers & Lybrand in 1989, and a joint venture partner with Moss Adams in 1994.  He started the GR&F Nashville office in December 1971 as its first managing partner.  He later moved to Los Angeles as the partner-in-charge of many business management clients and the royalty examination and entertainment asset valuation departments.  In 2001, Mr. Coleman established his own companies to provide financial consulting, business valuation procedures, royalty and due diligence examinations, licensee examinations, copyright administration systems, litigations support, and tour accounting support.  He has directed and supervised teams from Los Angeles, New York, St. Louis, Nashville, and London to provide his services within the United States and throughout the world. Under his direction, his investigations and services have recovered hundreds of millions of dollars.

Mr. Coleman is a graduate of Mississippi State University and certified in California, Tennessee, and Missouri.  In May 2001, he received an honorary Doctorate degree from Missouri Valley College.  He has been a member of several panels including Music Expo and MIDEM, has lectured at UCLA, USC, and SWU-Law and has written several articles.  Mr. Coleman has also testified as an expert witness in judicial proceedings and has served as a mediator.

Mr. Coleman has been active in various charities in Los Angeles, Nashville and St. Louis, has served on several boards including Missouri Valley College, is active in First Baptist Church Harvester and Immaculate Conception Dardenne, currently serves as a Board Member of and was past President of Project COPE, a ministry for former prisoners.


Darla Crain

Chief Operations Officer

Darla is a partner and chief operating officer of Capstone International, Inc., Financial Services Team, Inc. and The Royalty Compliance Organization.  Ms. Crain started with McDonnell Douglas Aircraft Company as an aerospace engineer.  She developed an expertise in fatigue spectrum development and became a lead engineer presenting analysis to government customers.  In 1991, Ms. Crain organized 3C Fatigue Engineering, Inc. to provide engineering consulting that performed fatigue and damage tolerance engineering analysis for the FAA and aircraft companies.  During the years as a practicing engineer, she perfected her computer skills and began training programs to instruct businesses and individuals.

In 2000, Ms. Crain joined Capstone International, Inc., Financial Services Team, Inc. and The Royalty Compliance Organization to provide computer consulting and training, business valuation procedures, royalty and due diligence examinations, license examinations, copyright administration systems procedures and support and litigation services.  She developed a unique data management and investigative computer program, which RCO uses to identify, unreported and underreported amounts due for these clients and in forensic investigations and analysis for valuations and litigation.  Ms. Crain has assisted in preparing expert witness reports and has testified in court.

 Ms. Crain is a graduate of the University of Missouri – Rolla, receiving a B.S. in Aerospace Engineering and an M.B.A. from Maryville University.  She is Past President of the Rotary Club of St. Peters and Rotary District 6060 Membership Chair.


Nancy Collier

Manager, Information Technology

Nancy manages the professional services team within RCO.  She is a technical trainer and database analyst interfacing to many clients IT departments on large RCO projects. Nancy has 24 years of Information Technology experience as Systems Analyst, Programmer, Database Administrator, Project Manager at McDonnell Douglas and Edward Jones. 

Nancy earned a bachelors degree in Management and Marketing from Missouri State University and master’s degree in Management Information Sciences from University of Missouri.


Donna Ackermann

Office Administrator

Donna P. Ackermann is the Office Manager and Administrative Assistant for The Royalty Compliance Organization dba of Financial Services Team, Inc., Royalty Information Technology Services, Inc., Capstone International, Inc., and Capstone Investment Properties. Ms. Ackermann joined our team in 2006.

Ms. Ackermann has twenty-six years’ experience as an Office Manager. Ms. Ackermann is originally from North Carolina. She has traveled and worked in North Carolina, Florida, California, Michigan, settling in Missouri. She spent 10 years on Mackinac Island in Michigan working at a resort. At the resort Ms. Ackermann spent four years as Human Resources Director and Executive Committee Member where she traveled worldwide recruiting for staff for the seasonal resort. She spent one year as a Human Resources Manager, and five years as an Accounting Manager prior to becoming the Human Resources Director.

Ms. Ackermann attended two years San Bernardino Community College - San Bernardino, CA, studying accounting, computer science, and business studies. She also received an Accounting Certificate Lewis and Clark Technical Institute - St. Charles, MO.


Strategic Partners


Bryan Graham

RCO Ltd.

International Auditing Manager

Bryan is our international affiliate. Mr. Graham has many years of auditing experience. Bryan provides audit support services on large RCO client projects including the analysis of financial statements. He also provides field audit support as a RCO compliance auditor as an integral part of the royalty audit team. Bryan provides financial consulting, business valuations, royalty examines and litigation support in hundreds of audits around the globe.