Marcum Partner Named Technology Leader of the Year by LEA Global

Peter Scavuzzo

Peter Scavuzzo

New York-based Marcum (FY17 net revenue of $469.5 million) announces that Peter Scavuzzo has been named Innovative Technology Leader of the Year by LEA Global, an international association of accounting and advisory firms.

Scavuzzo was recognized for leading Marcum’s digital transformation and his advocacy of leveraging technology to ensure the firm maintains long-term competitiveness.

“The winner in the technology leader category promotes initiatives that are focused on digitally modernizing traditional processes and engaging technology to drive efficiency and maximize productivity,” says Karen Kehl-Rose, LEA Global president, adding that he “focuses on driving business innovation, digital transformation, customer digital experience, data analytics and security/risk aversion.”

Scavuzzo is responsible for creating and executing the strategic technology programs across all Marcum Group companies. He has played a key role in his firm’s expansion from two to 32 offices, successfully integrating more than 30 M&A transactions and expanding and relocating more than 15 offices.

Squar Milner, Boas & Boas Combine

Steve Milner

Newport Beach, Calif.-based Squar Milner (FY17 net revenue of $91.8 million), an IPA 100 firm, announced that it will combine with Boas & Boas of San Francisco on Jan. 1.

The firm’s partners and associates will relocate to Squar Milner’s San Francisco office. Squar Milner has seven offices throughout California.

Boas & Boas, founded in 1938, has $3 million in revenue and over 10 professionals and staff. It specializes in high-end tax services.

Squar Milner MP Steve Milner says, “We will continue to work to be the very best significant accounting practice in the Bay Area. We are very excited about our combination with Boas & Boas. They have a sophisticated client base, talented people, and a stellar reputation in San Francisco. We truly believe we are creating something wonderful.”

David Arrick of Boas & Boas adds that the combination with Squar Milner “will not only mirror our firm’s ethos, but also strengthen our professional capability. We are looking forward to the positive opportunities ahead for our clients and employees alike.”

Friedman Leases Entire 21st Floor at One Liberty Plaza

Fred Friedman

New York-based Friedman LLP (FY17 net revenue of $101.5 million) is moving its headquarters from Midtown Manhattan to Lower Manhattan, renting 44,767 square feet at Brookfield Properties’ One Liberty Plaza.

“People are at the heart of everything we do,” says Friedman Co-MP Fred Berk, “and investing in our employees’ personal and professional well-being is built into the fabric of our firm. Moving our headquarters to One Liberty Plaza in Lower Manhattan will give our employees access to some of the best community amenities in the entire city and access to a major transportation hub.”

Friedman Co-MP Harriet Greenberg says, “Beyond the neighborhood, we are planning a state-of-the art office that reflects our commitment to our people.” She says the space “will be more reminiscent of a tech firm than an accounting firm,” with open spaces, bright colors, breakout rooms, the latest technology and an 1,800 square foot café.

One Liberty Plaza is a 2.3-million-square-foot office tower prominently located in the heart of the New York City’s financial district at Liberty Street and Broadway.

Armanino Launches Program to Encourage More Women to Become Partners 

Andy Armanino

San Ramon, Calif.-based Armanino LLP (FY17 net revenue of $242.7 million) has launched a program designed to drive career advancement for female managers.

Called the Executive Access Program, the initiative will match high-potential female managers with executive committee members to provide them the opportunity to build relationships and understand the path to partnership. The inaugural class includes 18 women.

The firm also announced a Transparency to Partnership educational track to provide clearer insight and more transparency about what it takes to be a partner. Training modules will offer information on partner qualifications, the benefits of partnership, flexibility and expectations, partner profiles and other relevant topics. These courses will be available to all interested firm employees, in order to address misconceptions and barriers.

Both initiatives were developed by Armanino’s Women’s Advancement Network (WAN) and comes after extensive survey findings of male and female Armanino partners and managers provided insights on barriers and opportunities for female partner promotion.

Results revealed that women were opting out of the partner track at twice the rate of men and that executive sponsorship was one of the most important factors in achieving partnership. The survey also revealed gaps in the understanding of the qualifications and benefits of partnership for both men and women. The Accounting MOVE Project conducted the internal survey.

“Armanino is committed to not only meeting but exceeding the industry average of female partners,” says MP Andy Armanino. “In the past three years, 29 percent of internal partner promotions were women, a trend we would like to see increase in the future.”

PKF O’Connor Davies Establishes German Desk

Ralf Ruedenburg

New York-based PKF O’Connor Davies (FY17 net revenue of $160 million) announced that it has hired Ralf Ruedenburg to serve as principal and practice leader of the new German Desk specializing in audit, tax and advisory services, merger and acquisition advice and tax structuring for U.S., German, Austrian and Swiss clients.

“Ralf is exactly the right person to lead this exciting expansion,” says MP Kevin J. Keane. “As our international footprint continues to grow, his leadership and experience will be essential in further establishing a robust offering for U.S. clients conducting business in Germany and German, Austrian and Swiss clients conducting business in the U.S.”

This growth is part of PKF O’Connor Davies’ initiative to solidify world-class services for international markets and answer the call from clients to extend the firm’s practice areas. The German desk will provide clients with international insights, technical expertise and a deep cultural understanding of German business needs and priorities. The firm also has a China Desk, serving Asian clients.

“I’m proud to join the incredible international team at PKF O’Connor Davies to expand our presence in the market where I began my career,” says Ruedenburg. “German-owned companies have a unique set of accounting needs, and I look forward to building a practice with exceptional professional services to drive better results for current and new clients.”

Noell Agnew & Morse Joins K·Coe Isom

Jeff Wald

Salina, Kan.-based K·Coe Isom (FY18 net revenue of $68.2 million) announced it has added the business, specialization, partners and employees of Noell Agnew & Morse.

The combined firms will bolster the dedicated agricultural solutions and financial services for farming operations and producers in California. Noell Agnew & Morse has offices in Sacramento and Visalia.

K·Coe Isom devotes two-thirds of its business to providing solutions for the food-supply chain and the financial, legislative and operational issues they face. It also provides consultancy and CPA services to its community-based businesses and industries.

Commenting on the acquisition, K·Coe Isom CEO Jeff Wald says, “When we met with Noell Agnew & Morse, our missions aligned. Their partners and employees serve agribusinesses with the same drive and passion that our firm values – committed to providing specialization, expertise and resources to help agribusinesses nationwide, with the ultimate goal to improve and secure the future of America’s farming operations and production.”

Founded in 1983, Noell Agnew & Morse is an accounting, tax and consulting services firm with 75% of its business focused on agribusinesses, with a special emphasis on vertically integrated growers, processors and marketers of fresh fruits and nuts. The firm primarily serves clients throughout the Central San Joaquin Valley of California.

Partner and co-founder Kevin Noell states, “This opportunity exceeded our hopes in finding a partner firm that offers a complementary service and industry offering, as well as embodies the same values and tradition we have for providing an elevated level of expertise, and an environment our clients and employees will want to be a part of.”

The partners and employees from Noell Agnew & Morse’s two offices will either remain at the Sacramento office location, or join K·Coe Isom’s office in Fresno, Calif.

UHY Expands in Northeast With Acquisition of New York Firm

Michael Mahoney

Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) and UHY LLP have announced that they will expand their portfolio in the Northeast region with the acquisition of Flynn Walker Diggin CPA of Saratoga Springs, N.Y. The firm operats under the UHY banner.

The acquisition marks further expansion in New York for UHY.

“We are pleased to welcome the highly experienced team at Flynn Walker Diggin to the UHY network. Their addition will further strengthen our presence in the capital region and help us advise clients in the local marketplace,” says Michael Mahoney, CEO of UHY Advisors in New York.

“The team at Flynn Walker Diggin exemplifies the UHY ethos, with significant accounting experience across industries, personalized relationships with clients, and active involvement in the community,” says Howard Foote, OMP of the Capital Region of UHY LLP and CFO of UHY Advisors in New York. “We pride ourselves on providing clients with the highest quality of service in our role as their trusted advisors and look forward to working closely with this group of professionals.”

All associates of Flynn Walker Diggin are expected to continue in their roles.

“We look to leverage our personal expertise in audit, accounting, tax and management services to benefit individuals, closely held companies, and not-for-profit and government entities,” says Patrick J. Diggin, MP of Flynn Walker Diggin. “As part of UHY, we will continue to help our clients meet their goals with the addition of international resources that UHY offers.”

SVA Welcomes Hoege as Chief Operating Officer

Jennifer Hoege

Madison, Wisc.-based SVA (FY17 net revenue of $56.8 million) has announced the hiring of Jennifer Hoege as its new COO.

Hoege will lead the operational areas of SVA with an eye on process optimization and creating the ideal client experience. The firm says she believes identifying opportunities to strengthen employee engagement leads to a productive and engaged workplace for SVA’s employees. The goal is to recruit and retain talented employees and provide a culture that encourages learning and growth. In turn, this reflects in how SVA provides client service.

“I became a COO because I really enjoy working with people, processes and technology. Those three things together really make an organization successful,” says Hoege.

Carl Schultz, president and CEO of SVA, says, “I have tremendous confidence in Jennifer’s ability to lead SVA into the future. Her experience and knowledge allows SVA and its affiliates to remain as the premier services provider for our clients.”

UHY Elects COO as New Chairman

Rick David

Rick David

UHY, the international accounting and consultancy network, has appointed the chief operating officer of Chicago-based UHY Advisors (FY17 net revenue of $140.8 million) as its new chairman.

Rick David started his career in the audit practice of one of the Big 4, where he practiced for 30 years. He joined the UHY board of directors in October 2012 and currently serves as the treasurer of UHY.

A well-respected auditor and business adviser, he also has experience as an accountancy profession regulator and standard-setter. During his more than 40 years’ experience in the profession, David has worked with a wide range of clients from multinational corporations to smaller entrepreneurial enterprises.

“We are already seeing a large increase in cross-border work coming to the network and that is something that we intend to build on,” David says. “More of our clients want our member firms to represent them globally and that is what this network facilitates.”

One of his key priorities is to expand on the strong links between the member firms across the UHY network and will look to increase referral work between countries and knowledge sharing between local offices. This includes expertise in many newer technological developments.

“The growth in innovative new accounting practices, integrating AI and data analytics for example, are opening up a range of possibilities for the profession – to do work more efficiently and rigorously. These developments have the potential to lead to dramatic improvements in the audit process” David says.

David takes over as chairman from Bernard Fay, MP at UHY Fay & Co, UHY’s Spanish member firm and one of the top 20 leading firms in Spain.

Moss Adams Combines With Baker Peterson Franklin

Chris Morse

Seattle-based Moss Adams (FY17 net revenue of $577 million) has agreed to combine with Baker Peterson Franklin, a full-service accounting and consulting firm in Fresno, Calif.

Effective Jan. 1, 2019, 42 professionals from Baker Peterson Franklin will join Moss Adams, including seven partners and one director, expanding the firm’s Fresno office to 71.

Chris Morse, PIC of Moss Adams’ Fresno office says, “Baker Peterson Franklin is deeply rooted in the agriculture space, perfectly complementing and expanding our existing practice and industry-specific service offerings. The addition of their talented staff grows Moss Adams into the largest accounting and consulting firm in central California.”

Founded in 1917 in Fresno, Baker Peterson Franklin has grown into one of the largest locally owned accounting firms in the Central Valley. The firm offers specialized expertise in agriculture, food and beverage processing, auto dealerships, closely held and family businesses, tax and estate planning, business consulting and auditing.

“We’ll have a greater range of capabilities and resources to bring to our clients while continuing to offer the personalized service our clients have come to expect from us,” says Kyle Stephenson, MP at Baker Peterson Franklin.