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Sacco Named Latest Addition to Friedman Management Committee

New York-based Friedman LLP (FY18 net revenue of $117 million), has expanded its management committee to include partner Michael Sacco.

Sacco brings more than 20 years of professional experience to the management committee. He has developed several practices within the manufacturing, distribution and retail group, including consumer products, diamond and jewelry, and fashion. He focuses on tax, audit and business advisory work to help clients grow and improve operations. supporting growth initiatives and uncovering opportunities to improve key operations.

His election to the management committee reflects the firm’s efforts to enlist young leaders in the firm’s long-term development.

Harriet Greenberg, Friedman co-MP, says, “His role on the management committee will allow Friedman to reap the benefits of his insight and leadership well into the future.” Friedman co-MP Fred Berk adds, “Mike embodies Friedman’s values. He is client-service oriented, possesses amazing technical expertise and is an enthusiastic mentor to his colleagues.”

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Friedman Admits 12 New Partners

New York-based Friedman (FY18 net revenue of $117 million), has admitted 12 partners:

  • Steve Baum – public and private company assurance, New York
  • Jaclyn Dominguez – audit, New York
  • George Fanourakis – client accounting and tax, East Hanover, N.J.
  • Christi Gallagher – tax, Marlton, N.J.
  • Maria Gonzalez – audit, New York
  • Grace Mak – audit, New York
  • Corey Martens – forensic accounting, New York
  • Brian Nuzio – accounting, audit and business advisory, New York
  • Howie Tang – audit, East Hanover, N.J.
  • Sviatlana Tsiaptseyeva – SEC services, Marlton, N.J.
  • Steve Xenakis – tax, Philadelphia
  • Henry Zhang – China practice group, East Hanover, N.J.

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Friedman Acquires Markowitz Fenelon & Bank

New York-based Friedman (FY18 net revenue of $117.0 million), a 2019 IPA 100 firm, announced that on Jan. 1 it is merging in Markowitz Fenelon & Bank (MFB), which operates two offices in Bridgehampton and Riverhead, N.Y.

The union will expand Friedman’s presence on Long Island, bringing the total number of Friedman locations to 13 and the firm’s roster of partners and staff to about 600, including the MFB team of approximately 40.

The addition of MFB’s experts is expected to strengthen Friedman’s services to family offices, closely held businesses and high-net-worth individuals while expanding its base of clients. MFB, in operation for more than 60 years, also offers tax, audit, accounting and advisory services to nonprofits and government entities.

Partner Thomas Terry says, “By joining Friedman we will be able to offer a broader and more sophisticated range of services, including dedicated practice groups with specialized expertise in areas like international tax, cybersecurity and digital currency, among others.”

“Friedman and Markowitz Fenelon & Bank share a common philosophy – emphasizing  trust, respect, collaboration and highly personal relationships, a commitment to delivering hands-on attention and a dedication to community service,” says Fred Berk, Friedman’s co-MP. “The firms’ natural alignments across value systems and proficiencies will promote a swift integration of our respective teams,” adds co-MP Harriet Greenberg.

The addition of MFB is the latest of Friedman’s recent growth initiatives that include the establishment of new locations in Red Bank, N.J., and Los Angeles, as well as the relocation of its Manhattan headquarters and its Marlton, N.J., office to larger, state-of-the-art spaces. IPA has recognized Friedman among the United States’ fastest-growing accounting firms based on organic growth.

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Friedman Relocates One N.J. Office, Opens Another in Los Angeles

New York-based Friedman LLP (FY18 net revenue of $117 million) is relocating its Marlton, N.J., office.

“Relocating our New York City headquarters to One Liberty Plaza earlier this year taught us so many valuable lessons. We see that a well-designed workplace guides effective workflow and employee engagement,” says co-MP Harriet Greenberg. “We took winning elements from our New York headquarters and included them in the new Marlton office – fresh designs, open floor plans and ergonomics-driven work stations.”

The 70 employees in Friedman’s current Marlton office will relocate to 601 Route 73 North in the weeks leading up to their current lease expiration. Carl Bagell, MP of southern New Jersey, will continue to oversee the office. “This is truly a special group of people with a lot of heart who are dedicated to uplifting one another and delivering excellent client service. I look forward to the opening of a space that is tailor-made for our employees and designed to give visitors a taste of what life is like in our award-winning firm.”

Additionally, the firm will open an office in Los Angeles, which will be led by Adnan Islam, partner and co-practice leaders of the firm’s International tax group. “I’m proud to say that our client work on the West Coast has been overwhelmingly positive. As such, creating a formal office location in Los Angeles has allowed us to enhance the hands-on attention we delivered to our clients.”

“The physical office in LA demonstrates Friedman’s growth mindset,” says co-MP Fred Berk. “We didn’t make it to nearly 100 years without taking calculated risks and rethinking what we’ve always done, because agility and innovation are key.”

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Friedman Opens 10th Office in Red Bank, N.J.

Randall M. Paulikens

New York-based Friedman LLP (FY18 net revenue of $117 million) announced that it has opened an office in Red Bank, N.J. This will be Friedman’s 10th office and its fifth in New Jersey, with others in East Hanover, Marlton, Toms River and Linwood.

Randall M. Paulikens, a partner in the forensic, litigation and valuation services group, will lead the Red Bank office and work to expand the firm’s forensic reach throughout the Northeast.

“Our Red Bank office will offer greater convenience for existing clients,” Paulikens says. “Furthermore, our space at The Galleria, a mixed-use space that is home to restaurants and cozy shops, shows the Jersey Shore’s many charms and will be a great place to work.”

The Galleria Red Bank is a 2.6-acre building dating back to the late 1800s. The building was used as a uniform factory during the two world wars. In fact, Paulikens’ great-grandfather worked at this location during World War II.

Friedman offers accounting, auditing, tax and consulting services to public and private companies of all sizes, as well as high-net-worth individuals.

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Friedman Welcomes International Tax Practice Director

David Slemmer

David Slemmer

New York-based Friedman LLP (FY17 net revenue of $101.5 million) has announced that David Slemmer has joined the New York office as a director in the firm’s international tax practice with a specialized focus in the area of transfer pricing.

He brings more than 20 years of experience evaluating and planning projects for large multinational companies as well as mid-market businesses across several industries. He has worked closely with clients in the life sciences, consumer business and manufacturing sectors.

His expertise includes:

  • Helping taxpayers determine appropriate transfer prices for future transactions
  • Performing economic studies for use in the defense of transfer prices under examination
  • Delivering industry-specific analyses for negotiations with the Internal Revenue Service and non-U.S. taxing authorities

Friedman Headquarters Moving in May

New York-based Friedman LLP (FY17 net revenue of $101.5 million) is relocating its New York office from 1700 Broadway to One Liberty Plaza at 165 Broadway on May 6.

“We are proud soon-to-be residents of Lower Manhattan – home to innovative tech startups and longstanding firms in a vibrant neighborhood where people come to work, live and visit,” the firm announced.

Friedman has five offices in New Jersey, and is also located in Long Island, N.Y., Philadelphia, Beijing and Shanghai and has been serving offering accounting, tax and consulting services since 1924.

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Friedman Launches New Brand for Cybersecurity Company: CyZen

New York-based Friedman LLP (FY17 net revenue of $101.5 million) has unveiled a new website and brand of its cybersecurity company, CyZen.

“While many cybersecurity consultants prey on fear, CyZen takes a unique approach — delivering thoughtful and practical guidance that brings you peace of mind,” the firm announced. “We draw our inspiration from the ensō, or the circle of enlightenment, which reflects our mission to restore cyber tranquility to your organization.”

CyZen helps businesses assess and prevent cyber threats, detect and respond to attacks, and evaluate risks and review compliance. Services include penetration testing and vulnerability management through incident response, risk assessment and more.

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Jay Graham Joins Friedman as Tax Partner

Jay Graham

Jay Graham

New York-based Friedman LLP (FY17 net revenue of $101.5 million) announces that Jay Graham has joined the firm’s New York office as a tax partner.

Graham has more than 25 years of diversified public accounting experience with privately held C corporations, S corporations, partnerships and individuals in a variety of industries, including manufacturing, real estate, distribution, retail, technology and professional services. He is also knowledgeable regarding tax compliance and consulting and ASC 740.

His expertise includes:

  • Advising high-net-worth individuals, including business owners and their families, on tax planning and personal financial planning
  • Identifying federal and state tax-saving strategies for partnerships, S corporations, and C corporations in conjunction with tax planning for their owners and officers
  • Guiding clients through the complex provisions of the new tax law and regulations
  • Conducting in-house training sessions
  • Teaching tax courses before the Tax Executive Institute (TEI) on ASC 740 and mergers and acquisitions
  • Delivering real estate and partnership transaction review and consultation

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Friedman Announces New Partners

Joseph Klein

New York-based Friedman LLP (FY17 net revenue of $101.5 million) has admitted four professionals to the partner group and appointed a new regional leader.

The firm has hired Joseph Klein as a partner in the headquarters office, and appointed Brian Kristiansen as leader of the tax department in East Hanover, N.J.

The following professionals were admitted as partner:

  • Brian Kearns, a member of the firm’s SEC group, Marlton, N.J.
  • Erin Liu, who provides auditing, accounting and financial consulting services, Marlton, N.J.
  • Thomas Miranda, who specializes in consumer products, wholesale, distribution, textile and apparel, manufacturing, retail and financial services, New York.