BDO Alliance Welcomes 5 New Firms

BDO Alliance USA, the alliance of independently owned accounting, consulting and service firms, welcomes five new CPA firms as members.

The new members are: Tulsa, Okla.-based CCK Strategies, San Francisco-based Bregante+Company (FY18 net revenue of $10.6 million), Martin DeCruze & Company of Stamford, Conn., Fasten Halberstam of New York, and Hall & Company CPAs & Consultants of Irvine, Calif.

The BDO Alliance USA now has 215 CPA member firms in over 500 locations nationwide.

CCK Strategies serves small and middle-market companies, entrepreneurs and wealthy families in the greater Tulsa, Okla., and Frisco, Texas, marketplaces. They specialize in serving manufacturing, real estate, oil and gas, and health care-related businesses.

Bregante+Company serves closely held businesses and high-net-worth individuals throughout northern California.

Martin DeCruze & Company serves private equity firms, closely held businesses and high-net-worth individuals primarily throughout Fairfield County, Conn.

Fasten Halberstam serves high-net-worth individuals and privately held businesses, with a specialization in real estate and health care, primarily throughout the New York metropolitan area.

Hall & Company CPAs & Consultants serves privately held businesses, SEC clients and high-net-worth individuals primarily throughout Southern California. They specialize in serving real estate/construction, law firms and manufacturers.

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Andrew Hicks Joins Frazier & Deeter as VP of Risk Assurance and National Practice Leader

Atlanta-based Frazier & Deeter (FY18 net revenue of $96 million) announces that Andrew Hicks has joined the firm as national practice leader for HITRUST and vice president of risk assurance.

“Andrew’s extensive experience with security risk and controls, particularly within the HITRUST framework, makes him an excellent addition to our team,” says Sabrina Serafin, partner and national practice leader of process, risk and governance.

Hicks specializes in working with organizations to adopt, implement and manage information security programs, specifically related to HITRUST, HIPAA regulatory compliance, risk management and SOC examination procedures. His knowledge of the health care marketplace will also allow the firm to improve its existing assessment and advisory services to overcome information security compliance and regulation challenges, the firm says.

“I’ve had the pleasure of working with hundreds of organizations looking to overcome regulatory and compliance challenges,” notes Hicks. “What interests me most about FD is taking my knowledge of the marketplace and investing in innovative solutions that create tremendous customer value, while simplifying the compliance journey.”

Prior to joining the firm, Hicks was vice president of health care services at Coalfire, where he built a national practice.

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BKD Launches Nonprofit Advisory Services in New York

Springfield, Mo.-based BKD CPAs & Advisors (FY19 net revenue of $662.9 million) has launched a nonprofit advisory services practice in its New York office with the addition of Corinna Creedon to lead the practice.

Creedon has more than 20 years of experience as a finance executive and has provided outsourced CFO services, financial operations and compliance services to a wide range of clients. She offers Sarbanes-Oxley compliance, special project/project management office services and outsourced CFO solutions. Prior to joining BKD, Creedon ran a consulting firm.

“Corinna’s expertise combined with Rick Cole’s recent arrival to the team will allow us to provide additional support to new and existing clients,” says Ryan Reiff, MP for BKD’s New York office.

Nonprofit advisory services include:

  • Accounting and CFO support
  • Grants management and compliance
  • Accounting standards implementation
  • Financial operational assessments
  • Policies and procedures and internal controls

The New York office joins BKD’s nonprofit advisory service practices in Dallas, Kansas City, Mo., Chicago and Denver.

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DMCL Announces New MP, COO, 3 Partners

Vancouver, British Columbia-based DMCL (FY18 net revenue of $31.5 million) announces that Fraser Ross has become the new MP.

Ross has been a partner in the private enterprise group since 1999. He provides accounting, assurance, taxation and business advisory services to owner-managed businesses, not-for-profit organizations and individuals. He also specializes in audit, review and compilation services for privately held enterprises, personal and corporate tax planning and compliance, and transaction advisory services on business acquisitions, dispositions and other corporate re-organizations.

Additionally, Aaron Thompson has become the new COO. Thompson oversees all administration aspects of the firm, including finance, human resources and IT. He started at the firm in 2011 as assistant controller.

The firm also admitted three partners.

Steven Reichert has joined the partnership in the audit and assurance group. He provides accounting and assurance services to both public and private companies and not-for-profit organizations. He joined DMCL in April 2019 after spending his career with a Big 4 firm where he was a senior manager.

Michael Auras has joined the partnership in the private enterprise group. He provides accounting, assurance, taxation and advisory services. This involves services to private companies, individuals and not-for-profit organizations. Specialties include corporate and personal tax planning and compliance, business succession, and the preservation and transfer of wealth.

Keith Changfoot has joined the partnership in the private enterprise group. He provides accounting, assurance, taxation and business advisory services to private companies, individuals and not-for-profit organizations. He serves a variety of sectors including professional services, real estate and property management, construction, manufacturing and retail.

BKD Announces New National Energy and Natural Resources Tax Leader

Springfield, Mo.-based BKD CPAs & Advisors (FY19 net revenue of $662.9 million) announces the promotion of partner Rob Opitz to national tax leader for the energy and natural resources (ENR) practice.

“Rob has been instrumental in bringing together the Dallas/Fort Worth ENR tax team for the development of best practices, technical standardization and an overall go-to-market strategy and he has proven himself as a national leader,” says Brian Matlock, leader of BKD’s ENR practice.

With his promotion, Opitz can now expand his leadership to other key energy markets such as Houston, Oklahoma City, Denver and Pittsburgh, and BKD will offer tailored tax and consulting services to its energy clients nationwide. BKD created the role since the practice has grown significantly.

Opitz brings more than 25 years of experience serving clients in the oil and gas industry. He consults on tax planning and structuring for partnerships, S corporations and transactions. Before joining BKD in 2018, Rob served as MP and head of tax for a Fort Worth, Texas, firm.

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Holthouse Carlin & Van Trigt Admits Largest-Ever Partner Group

Los Angeles-based Holthouse Carlin & Van Trigt LLP (FY18 net revenue of $150.1 million) have announced that nine professionals have been admitted to the partnership, the largest partner group since the inception of the firm in 1991.

They are:

  • Michael Korbekian – audit, Encino, Calif.
  • Ekta Malhotra – audit, Encino, Calif.
  • John Samtoy – international tax, Irvine, Calif.
  • Rosario Bobadilla Farias – audit, Long Beach, Calif.
  • Daren Mesrobian – valuation advisory services, Pasadena, Calif.
  • Sonny Heshmati – tax, West Los Angeles, Calif.
  • Garrett Cushing – tax, Westlake Village, Calif.
  • Eniko Early – tax, Westlake Village, Calif.
  • Sarah Tewner – tax, Westlake Village, Calif.

The firm provides tax, audit and assurance, business management, and mergers and acquisition services. The team consists of nearly 700 members, including over 100 partners and principals. HCVT serves its clients from nine offices in California as well as Fort Worth, Texas, Park City, Utah, and Phoenix.

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IPA INSIDER: January 2020 News

Listed below are the Top 10 most-read stories on the INSIDE Public Accounting blog for the month of January.

  1. Big 4’s Massive Technology Investments May Reinvent Accounting
  2. Wall Einhorn & Chernitzer Announces New Leader Upon Retirement of Marty Einhorn
  3. Partners Can Be Complacent And Ego-Driven, But Their Success = Firm Success
  4. Ex-KPMG Partner, Inspector Suspended by SEC
  5. PKF O’Connor Davies Merges in Dworken Hillman LaMorte & Sterczala
  6. KPMG UK’s Most Senior Female Partner Quits
  7. BKD Moves Its New York Office to Midtown Manhattan
  8. MBAF Expands Tax & Accounting Practice With Addition Of Kramer & Associates
  9. HW&Co. Names New CEO and Merges In Finkler & Company
  10. Regulators Eye Accounting, Audit Changes for 2020

Frazier & Deeter Acquires Consulting Firm Arch + Tower

Atlanta-based Frazier & Deeter (FY18 net revenue of $96 million) has acquired the boutique consulting firm of Arch + Tower of Atlanta.

Arch + Tower offers a variety of consulting services focused on customer experience, employee experience and operational excellence.

“Expanding our advisory services to encompass customer experience and employee experience builds on our reputation for investing in relationships with our clients and our people,” notes MP Seth McDaniel. “Frazier & Deeter is known for exceptional client satisfaction and our innovative approach to developing our people, and now we will be able to help our clients achieve their goals in these critical areas.”

Frazier & Deeter has added three partners as part of this merger: John Hightower, the CEO of Arch + Tower, will continue to serve in that role as Arch + Tower joins the FD family of brands. Chris Green and Ryan Lahm are joining as partners.

“Frazier & Deeter has a stellar reputation for both client experience and employee development and has corporate values that closely match those of Arch + Tower,” Hightower says. “Frazier & Deeter’s sustained exceptional growth over the past 10 years illustrates the impact that attention to employee experience, customer experience and operational excellence can have on a company’s results.”

McDaniel says, “We have found in our own growth that focusing on employee experience drives client experience and because of that we found Arch + Tower’s service offering intriguing as a new service for our clients.”

Hightower says, “Frazier & Deeter’s sustained exceptional growth over the past 10 years illustrates the impact that attention to employee experience, customer experience and operational excellence can have on a company’s results.”

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Moore Colson Admits Steven Bailey to Partner

Steven Bailey

Atlanta-based Moore Colson (FY18 net revenue of $26.6 million) has announced the admittance of Steven Bailey to the partnership ranks.

Bailey joined Moore Colson in 2010 and was promoted to business assurance director in 2018. He leads audit and assurance engagements for clients in the construction, transportation, software, technology and health care industries. He also has extensive experience in providing transaction advisory services.

MP Bert Mills says, “Steven’s skills and service mentality are a perfect match for the client base he serves, and we look for big things from Steven as he contributes to the growth of Moore Colson, specifically in our construction industry practice.”

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KROST Announces Merger with BPE&H

Pasadena, Calif.-based KROST (FY18 net revenue of $33.8 million) has merged in BPE&H of Woodland Hills, Calif.

Seven principals will join the leadership team at KROST, including Scott Eisner, Martin Belak-Berger, Bob Price, Phil D’Amico, Scott Gilmore and founding BPE&H principals Jerry Block and Jane Plant. The merger adds 30 employees, expanding KROST to 200 team members and increasing its presence in the thriving Woodland Hills area.

The former BPE&H staff will remain at their existing office until next summer when staff from the two offices – KROST also operates an office in Woodland Hills – will move into a new space together.

“Joining with KROST makes sense from a resource standpoint. We now have in-house recruiting and other corporate support systems to alleviate workload on our leadership so we can spend more time with our clients. The firm’s industry task forces are also a great complement to our manufacturing and real estate expertise,” says Belak-Berger.

KROST MP Greg Kniss says, “Merging with BPE&H made sense for us on several levels. Their mission and vision, as well as dedication to superior customer service, resonates with our core values and the principles that we stand by here at KROST. Our tax, accounting and advisory teams will benefit from the added resources; all of which will allow us to continue to support our clients.”

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