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RSM Joins Forces with Gregory Sharer & Stuart

Chicago-based RSM USA LLP (FY19 net revenue of $2.4 billion) is acquiring Gregory Sharer & Stuart of St. Petersburg, Fla., on Oct. 1.

RSM announced that the firms have signed an agreement for RSM to acquire substantially all the assets of GSS, subject to certain terms and conditions.

This transaction expands RSM’s presence in the area, where RSM has a Tampa Bay office. The acquisition adds 60 professionals and an office in downtown St. Petersburg. It also improves the RSM’s growing audit, tax and consulting practices through the deep knowledge and experience of GSS, especially in real estate and construction, insurance, not-for-profit, manufacturing and health care.

Joining RSM as partners are GSS Office Managing Shareholder Jim Newman, the firm’s executive leadership committee and other shareholders, and their team will transition to RSM upon closing. Together, the firms will offer RSM’s full line of services.

“We have worked with the outstanding team at RSM over the past five years as a member of the RSM US Alliance, and we are excited to take this important step forward by joining RSM,” says Newman. “Our firms share a client-centric approach to doing business, and the same values, culture and people-focused philosophy. We especially look forward to continuing to provide the same outstanding service to our GSS clients, while offering a broader array of solutions – new consulting solutions in particular – to meet their ever-changing business needs. This transaction will also provide our professionals with expanded growth and development opportunities.”

“We are pleased to grow our presence in the vibrant Tampa Bay market with the addition of an outstanding firm and team,” says Joe Adams, MP and CEO of RSM US.

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RSM’s New National Leaders to Focus on Technology, Automation and Digitization

Chicago-based RSM US LLP (FY19 net revenue of $2.4 billion) announces the addition of Brad Collins as a principal in national tax, and Bob Herman as the national leader in risk consulting.

Collins leads the firm’s efforts to identify opportunities where RSM can streamline tax data management for private equity and hedge fund clients. Previously, he led more than 100 professionals to drive innovation and digitization across a Big 4 firm’s $3.3 billion tax practice.

“Having Brad as a part of the RSM team will be a real advantage for our clients,” says Matt Bradvica, national businesses tax leader and national industry tax leader. “His experience in and knowledge of digitizing and innovating will further enhance our ability to help our private equity and hedge fund clients succeed.”

Herman serves as RSM’s risk consulting intelligent and robotics process automation leader, and will help RSM’s clients become more “digital” in the assessment and performance of risk and internal controls processes. Herman is a director with more than 22 years of experience assessing, designing and implementing internal control and process improvement solutions.

“Given today’s increasingly competitive landscape and the existing talent shortage, robotics and automation will be the keys that help our clients succeed,” says John Brackett, national leader for risk advisory services. “Bob’s experience and insights in these areas will further enhance our ability to provide our clients with the world-class service they expect from us as their first-choice advisor.”

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Perry & Associates CPAs Joins RSM US Alliance

Jodey L. Altier

Marietta, Ohio-based Perry & Associates CPAs has joined RSM US Alliance, an affiliation of independent accounting and consulting firms.

This affiliation gives Perry & Associates CPAs, A.C. access to a full range of national and international capabilities through Chicago-based RSM US LLP (FY19 net revenue of $2.4 billion). The U.S. alliance includes more than 75 independent member firms in 38 states, the Cayman Islands and Puerto Rico.

The move is designed to expand services to Perry & Associates’ clients and people. The firm will have access to new tools, expertise and practice management resources, including technical resources, marketing and business development, practice management, talent management and career development, dedicated client services and networking opportunities. This access includes a broad range of national and international resources.

Perry & Associates President Jodey L. Altier says, “Our firm mission is to understand client needs and to provide extensive services to those clients and enhanced development for public accountants without leaving our small-town communities. Having access to the resources of RSM, a large global firm, will help us meet our mission.”

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RSM Names Stu Taub National Real Estate Industry Leader

Chicago-based RSM (FY18 net revenue of $2.14 billion) has announced that Stu Taub has been selected to serve as national real estate industry leader, succeeding Rick Edelheit who retired April 30.

Stuart Taub

Taub currently serves as the MP for the New York market and as a member of the RSM US LLP board of directors. He has previously served as Northeast regional real estate industry leader, Northeast region audit leader, New York commercial audit practice leader, New York private equity industry group leader, and software and technology industry leader.

Taub has advised real estate investment trusts, real estate private equity and advisors, developers, and owners and investors in retail, industrial, commercial, residential, hospitality, senior housing and manufactured home properties. His experience includes working with multinational SEC reporting companies, as well as private equity and closely held companies.

“With Stu at the helm of real estate, we will undertake an exciting new sector-driven strategy to expand the practice nationally within key markets,” says Don Lipari, national industry leader and private equity leader. “We believe this highly focused approach will enable us to develop our strength and knowledge in this critical industry and grow rapidly.”

Taub will remain in his current role leading the New York market.

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RSM Opens Technology Experience Center

Chicago-based RSM (FY18 net revenue of $2.14 billion) announces the opening of its RSM Technology Experience Center (TEC).

RSM says it is the first of many “client experience centers” it plans to open to support its commitment to collaborative innovation for the middle market.

The RSM Technology Experience Center, based in Denver, provides opportunities for clients to work with leading RSM consultants to envision how technology can reshape their businesses. The center offers more than 30 customer immersion experiences. RSM advisors will help clients explore various business scenarios such as “efficiently addressing margin concerns, analyzing complex data, keeping data and information secure and identifying sales opportunities to demonstrate how available solutions can address potential challenges,” the firm says.

Because markets and business models vary, the RSM Technology Experience Center offers detailed depictions of the workplaces and technologies associated with various industries.

“The RSM Technology Experience Center empowers current and prospective clients to plan their digital transformation,” says Brian Becker, a national consulting leader with RSM. “Using the latest in technology, we’ve created a ‘touch it, feel it, see it’ experience for our clients to help them fully understand the power of technology supported by insights from RSM professionals. And the experience can be customized by industry – from consumer products to financial services, the RSM Technology Experience Center uses artificial intelligence and augmented reality to help clients visualize their new realities to prepare for an increasingly dynamic future.”

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RSM Announces Headquarters Office Move to Chicago’s CME Center

Chicago-based RSM (FY18 net revenue of $2.14 billion) announces that its U.S. headquarters will be moving to the 30 South Wacker tower of the CME Center in late 2020 or early 2021.

Formerly home to the largest open outcry futures exchange, the three-building CME Center has been transformed into corporate offices.

“While we have enjoyed our current location in Chicago, we’ve realized the need for a more efficient and productive environment that accommodates the way our people work today,” says John Bird, OMP of the Chicago office with RSM US LLP. “As our middle market clients have continued to grow, so has RSM – in Chicago and at our other 85 offices nationwide. The CME Center will provide us with the needed space for continued growth, state-of-the-art technology and a collaborative environment for working with our clients and with one another.”

RSM will join other notable tenants at the CME Center, including BP, CME Group and Wells Fargo.

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RSM Canada Launches Alliance Network

Terri Ellis

A year after entering the Canadian marketplace, RSM Canada has launched its Canada Alliance program.

The alliance program is the first of its kind in the country, and is modeled after RSM US’s Alliance program, which was launched almost 30 years ago, and includes more than 75 members in 38 states, the Cayman Islands and Puerto Rico, RSM announced.

Member firms are able to build and enhance their practices by leveraging the infrastructure, expertise and best practices of Chicago-based RSM (FY18 net revenue of $2.14 billion). The RSM Canada Alliance will be led by Terri Ellis, previously partner for growth and market development at RSM Canada. Before that, she held the same role at Collins Barrow Toronto for four years, which became RSM Canada a year ago.

As members of the new program, firms gain access to RSM Canada’s technical resources, marketing and business development, practice management, talent management, client services and networking opportunities. The Canadian member firm of RSM International has offices in Toronto, Calgary, Edmonton and Red Deer. Allied firms maintain their independence as separate business entities from RSM Canada. The first two members of the Canada Alliance are DJB, an accounting firm with offices in Burlington, Grimsby, Hamilton, St. Catharines and Welland, and NVS Chartered Accountants in Markham, Ontario.

“The Alliance model is a new concept to Canada, but it is especially suited for our marketplace,” says Harry Blum, MP of RSM Canada LLP. “The realities of our geography and our business landscape mean that small businesses are at the heart of our country’s economic engine. When these firms join this program, they will be able to stay true to their Canadian roots while enjoying the benefits and resources of a global firm.”

RSM Board of Directors Announces Three New Members

Sudhir Kondisetty

Sudhir Kondisetty

Chicago-based RSM US LLP (FY18 net revenue of $2.14 billion) elected three new board members – Sudhir Kondisetty, risk advisory services principal; Sara Lord, national director of audit services; and Jerry Martin, international tax partner. Each new board member was elected to a four-year term, effective Dec. 1.

As incoming board members, Kondisetty, Lord and Martin will work closely with board chair Sergio de la Fe, whose term began Sept. 1, and other board members to ensure the effective execution of the board’s responsibilities. In addition, the board is intensely focused on accelerating RSM’s technology and innovation strategies, and building the firm’s “first-choice advisor culture.”

Sara Lord

Sara Lord

Kondisetty is a consulting principal and OMP of the firm’s Philadelphia office. He oversees the Philadelphia risk advisory practice, which includes business risk, technology risk, and financial regulatory compliance, security and enterprise risk management. Kondisetty also is the northeast technology risk leader for RSM, and he leads the firm’s culture, diversity and inclusion (CDI) initiative in the Northeast region.

Lord is the national director of audit services with RSM. She is a member of the audit leadership team and leads the Assurance Standards and Methodology Group (ASMG), which has overall responsibility for the methodology, tools and training supporting RSM’s assurance services, and the Specialized Services Group (SSG), which includes industry leaders who support audit quality for specialized industry practices.

Jerry Martin

Jerry Martin

Martin is a partner specializing in advising businesses on global tax matters and leads the firm’s international tax practice. He is a member of the firm’s tax leadership and global strategy team teams. Martin focuses on consulting with clients to solve for their complex global tax planning and compliance needs. He works with RSM’s global teams to provide services that include global business and tax planning, structuring, and compliance services.

RSM Names National Leader of Blockchain Services

Jay Schulman

Jay Schulman

Chicago-based RSM US LLP (FY18 net revenue of $2.14 billion) announces that Jay Schulman, a principal based out of the firm’s Chicago office, has been named national leader of blockchain and cryptocurrency services for RSM US LLP.

In this role, Schulman is responsible for leading RSM’s efforts to help its clients account for the complex regulatory, tax and trade, auditability, risk and compliance implications related to global transactions and exchanges. He has authored numerous related articles designed to help middle market business leaders anticipate and address the unique issues and challenges facing their businesses and the industries in which they operate.

“At RSM, we understand that the pace of change in today’s increasingly global business environment creates unique challenges and opportunities for business leaders, particularly those in the middle market,” said Jeff Johannesen, chief strategy and innovation officer with RSM US LLP. “While large business leaders typically have the resources to anticipate and address evolving needs, middle market businesses often need the support of a trusted advisor, and that’s particularly true when it comes to major technological advances.”

Schulman says, “Blockchain is now a reality. At RSM, we have a unique understanding of how this and other emerging technologies and evolving regulations will impact the middle market.”

RSM Promotes 68 to Partner/Principal

Joe Adams

Chicago-based RSM (FY18 net revenue of $2.14 billion), the fifth largest accounting firm in the nation, has announced the promotion of 68 of its professionals to partner/principal roles.

“At RSM, we understand the importance of helping our people achieve both their professional and personal goals,” says Joe Adams, MP and CEO. “We are honored to welcome our new partners and principals. They have earned this next step in their careers through their unwavering focus on delivering the power of being understood to their clients, colleagues and the communities in which we operate, and I am eager to see their ongoing contributions as owners of RSM.”

The complete 2018 RSM class of partners and principals can be found here: