Rudewicz Admitted as Partner and Counsel at blumshapiro

Frank Rudewicz

Frank Rudewicz has been admitted to the partnership at West Hartford, Conn.-based blumshapiro (FY17 net revenue of $79.5 million).

Rudewicz joins the firm as a member of the leadership team and will lead the firm’s litigation and valuation practice from the Boston office.

Rudewicz has more than 30 years of experience in conducting domestic and international investigations for fraud, forensic accounting, asset tracking and other litigation related matters. He has appeared on NBC Dateline and Forensic Files for his investigative work and has been appointed a compliance and ethics monitor for a number of organizations within the construction, government and environmental industries.

In addition, Rudewicz is experienced in expert witness testimony and has testified in matters involving forensic accounting, trade secrets, independent investigations and security. He lectures and writes frequently on these topics.

Prior to his appointment at blumshapiro, Rudewicz served as principal, counsel and PIC of forensic services at Marcum LLP.

“A nationally recognized expert in litigation and witness testimony, as well as an educator, lecturer and author, Frank brings an extraordinary breadth of experience and value to blumshapiro. Frank’s earlier experience serving his country and community now reflects his commitment to providing clients with the highest degree of ethical and legal standards,” says CEO Joseph A. Kask.

Weaver Admits DiBrienza to Partnership

Matthew DiBrienza

Houston-based Weaver (FY18 net revenue of $127.1 million) is expanding its financial services industry practice with the addition of Matthew DiBrienza as an audit partner in the New York office.

DiBrienza, who was previously an audit partner for KPMG and a principal of Rothstein Kass, offers more than 20 years of experience serving the alternative investment industry. He offers the full range of services to his clients, which have included hedge funds, private equity funds, fund-of-funds and commodity pools.

In addition to financial audits, DiBrienza provides tax planning and organizational structure advice; he also reviews investment partnership agreements for structure, accounting and tax-related compliance

“With our midtown Manhattan office and our financial services practice both growing rapidly, Matthew’s experience and industry understanding are very valuable to Weaver and our clients,” says CEO and MP John Mackel. “He brings a rare combination of both audit and tax knowledge, which will help him advise alternative investment firms about a wide range of issues from partnership structures to the tax implications of new financial reporting requirements.”

Deloitte Report Explores AI and Other Technology Trends

Deloitte has released its 10th annual report on technology trends, “Tech Trends 2019: Beyond the Digital Frontier.The report explores how the convergence of new technologies with powerful technological forces is driving disruption across industries. New technologies include advanced networking, serverless computing and intelligent interfaces; and technological forces encompassing digital experiences, cognitive and cloud.

Ten years ago, when smartphones and mobile apps were gaining traction, and technologies like cloud and the Internet of Things were emerging on the scene, Deloitte released its first Tech Trends report. Some companies are only beginning to explore trends discussed in 2010, while others have advanced rapidly along the maturity curve, the Big 4 firm says.

Scott Buchholz

“The report details how organizational leadership can shape ambitions and instill a culture to sense and make sense of what tomorrow may bring. And – importantly – a path to get there from the realities of today,” says Scott Buchholz, managing director and government and public services CTO, Deloitte Consulting LLP

The report begins with a reflection on a decade of disruptive change driven by nine forces: digital experience, analytics, cloud, core modernization, cyber, business of information technology, cognitive, blockchain, and digital reality. The report explores where these forces are headed.

Deloitte’s report also covers six trends:

  • AI-fueled organizations – Leading companies are systematically deploying rapidly maturing technologies – machine learning, natural language processing, RPA and cognitive – not just to every core business process, but into products, services and the future of industries.
  • NoOps in a serverless world – We’ve reached the next stage in the evolution of cloud computing, with technical resources completely abstracted and management tasks increasingly automated. Freed from mundane responsibilities, IT talent can focus on activities that more directly support business outcomes.
  • Connectivity of tomorrow – At both macro and micro levels, technologies like 5G, mesh networks, and edge computing are expanding business’ reach. Advanced networking is driving development of new products and services and is transforming how work gets done.
  • Intelligent interfaces – Today, people interact with technology through ever-more intelligent interfaces that combine the latest in human-centered design techniques with leading-edge technologies such as computer vision, conversational voice, auditory analytics, augmented reality and virtual reality.
  • Beyond Marketing – Experience reimagined  To deliver the highly personalized, contextualized experiences that today’s customers expect, some chief marketing officers are using a new generation of marketing tools and techniques focused on personalized, contextual and dynamic experiences.
  • DevSecOps and the cyber imperative – DevSecOps fundamentally transforms cyber, security, privacy and risk management from being compliance-based activities into essential framing mindsets across the product journey.

The final chapter explores how modern businesses can navigate digital transformation – building a roadmap that incorporates the right technologies, techniques, talent and executive support.

Cherry Bekaert Expands Presence in Austin Market

Richmond, Va.-based Cherry Bekaert (FY18 net revenue of $194.7 million) has acquired Flieller Kruger & Skelton (FKS) of Austin, Texas.

The deal expands Cherry Bekaert’s presence in the metropolitan Austin market. The firm entered the Austin market in early 2018 with the acquisition of Powell Ebert & Smolik, which served Austin and central Texas.

The additional acquisition of FKS adds six partners and more than 40 associates to Cherry Bekaert’s combined Austin practice. Now, the Austin area will be served by eight partners and more than 65 associates.

The firm says it has expertise in the core industry sectors of technology, life and health sciences, advanced manufacturing, distribution, real estate and private equity, all of which are key economic drivers in the Austin community.

Michelle L. Thompson

“Austin is a key growth market for us given the area’s robust economy and innovative business climate,” says CEO and MP Michelle L. Thompson. “FKS has a well-established reputation for quality work and holds similar shared values to Cherry Bekaert in relation to how they treat clients and associates. These and other factors make FKS an ideal expansion partner for us in Austin.”

FKS was founded in 1994 and serves high-net-worth individuals and businesses.

“Joining forces with Cherry Bekaert provides long-term succession and growth opportunities for both our clients and our associates,” notes James Flieller, co-founder of FKS and new partner at Cherry Bekaert. “Future generations of Austin families and businesses will now have access to the resources of one of the 25 largest CPA and consulting firms in the U.S., with the same local relationships and high service quality they’ve enjoyed in the past.”

Cherry Bekaert has admitted Flieller, Wesley Kruger, Greg Skelton, Chad Wiley, Paula Wendling and Jackie Connor as partners.

The professional staff of FKS will continue to operate at their 221 West Sixth St. location in downtown Austin for the near future. Cherry Bekaert plans to relocate other partners and staff to Austin with the goal to house the firm’s expanded local resources in one prominent office location.

Blue & Company Combining With Practice Management Inc.

Brad Shaw

Carmel, Ind.-based Blue & Co. (FY16 net revenue of $77.5 million) has joined with the consulting firm Professional Practice Management Inc. of Worthington, Ohio.

The combined firm will operate as Blue & Co. and employees of Professional Practice Management (PPM) will work from Blue’s Westerville, Ohio, location. The business consulting and accounting firm has worked primarily with physicians, dentists and other health care professionals since 1934.

PPM’s owners, Neil Madsen and David Sproule, will become partners, known as directors, bringing the total number of directors to 50. James Yerina, PPM owner, will be working in a CFO capacity with MaternOhio Clinical Associates. The combined staff of Blue & Co. and PPM will total more than 400 professionals in 10 offices across three states.

“As a firm deeply ingrained in the health care industry, we are looking forward to combined expertise that both firms bring to better serve our clients. We believe the expertise and reputation of both firms complement one another and offer a friendly, client-first culture,” says Brad Shaw, managing director of Blue & Co.

Madsen says, “As we approached the next step in shaping the firm’s future, we realized the time was right to partner with another firm to expand our reach in the market and to offer additional services to our growing client base.”

Sproule adds, “The speed of change in today’s business environment presents some challenges for firms of all sizes but more importantly, it creates opportunities to foster growth while remaining agile and attuned to shifts in technology and leading practices.”

Grant Thornton Names OMP in Boston

Kim O’Connor

Chicago-based Grant Thornton (FY17 net revenue of $1.75 billion) has named Kim O’Connor as the OMP in Boston.

“New England is a dynamic market that is well positioned for continued growth across all of our service lines,” says David Platt, Northeast regional MP at Grant Thornton. “Kim’s passion for growing our practice across New England and sincere interest in our people make her the perfect leader for our Boston office.”

O’Connor joined Grant Thornton in 2004. As an assurance partner, she specializes in working with public and private international companies in the life sciences and consumer industrial products industries.

In addition to her client work, O’Connor has served on numerous national committees and business resource groups to help define and support the firm’s collaborative culture and related employee programs. She has also led dozens of leadership workshops for clients, prospective clients and employees.

Prior to joining Grant Thornton, O’Connor spent 16 years at a large professional services firm, serving as both an audit and consulting partner.

EisnerAmper Names Klein as Leader of Forensics Litigation and Valuation in N.J.

Hubert Klein

New York-based EisnerAmper (FY18 net revenue of $360.7 million) has named partner Hubert Klein as leader of the firm’s New Jersey forensics, litigation and valuation services group.

Klein specializes in complex damages, business valuations, due diligence analysis, fraud, forensic investigations, matrimonial proceedings, lost profit calculations, shareholder disputes, insurance claims analysis, succession planning, and estate and gift planning.

With more than 30 years of experience, Klein has served as an agreed-upon neutral expert and as an expert witness appointed by judges. He has also been appointed by various courts to serve as a receiver, provisional director, special fiscal agent and the court’s independent forensic auditor in various civil litigation matters.

“We look forward to an exciting future with Hubert leading the New Jersey practice,” says Allen Wilen, partner and national director of EisnerAmper’s financial advisory services group. “The leadership, expertise and vision he brings will be enormously impactful to the firm.”

Baker Tilly Joins with Umbaugh and Springsted to Boost Municipal Practice

Vicki Hellenbrand

Chicago-based Baker Tilly (FY18 net revenue of $578.4 million) has announced a three-way combination with municipal advisory firms H.J. Umbaugh and Associates and Springsted Inc.

Indianapolis-based Umbaugh (FY17 net revenue of $24.2 million) and Springsted, with eight offices around the country, are two of the largest and well-established independent public sector municipal advisory firms in the country with nearly 200 team members and more than 130 years of combined operating experience. The combination is expected to be effective in first quarter of this year.

“This strategic combination brings together what we believe to be a unique set of resources within a premier municipal advisory practice,” says Vicki Hellenbrand, Baker Tilly partner and public sector practice leader. “We are dedicated to the public sector by serving state and local governmental units and non-profit organizations.”

Baker Tilly has a longstanding public sector practice with 220 professionals serving nearly 1,000 government clients. Additionally, Baker Tilly’s industry concentration complements its public sector specialization, in particular housing and economic development, higher education and health care.

Umbaugh is the largest CPA firm in the U.S. that focuses solely on financial management, capital planning, bond issuance and post issuance advising and consulting for municipalities, utilities, schools, libraries, counties and townships.

Todd Samuelson

“We are proud of our longstanding reputation for helping community leaders resolve the financial issues they face as they work to improve the quality of life in their communities,” says Todd Samuelson, Umbaugh executive partner. “Joining forces with Baker Tilly and Springsted gives us national resources and broader capabilities to expand services to our clients as well as enhance growth and development opportunities for our team members.”

Springsted also has a well-established history of specializing in providing public finance and human capital services for public and non-profit organizations. Springsted’s public finance services include municipal finance and post-issuance compliance, operational finance, investment, and housing and economic development services. Human capital services include executive recruitment, management consulting, compensation consulting and community surveys.

Springsted President Kathleen Aho says, “There is a strong cultural alignment between Springsted, Umbaugh and Baker Tilly. Each firm is progressive and entrepreneurial with complementary skillsets and a shared focus on people and commitment to excellent client service.”

Gary Adamson with Adamson Advisory LLC advised Umbaugh. Robert Metzfield and Steve McConley of Wells Fargo Advisors advised Springsted.

HCVT Admits Lee to Partnership

Joseph Lee

Los Angeles-based Holthouse Carlin & Van Trigt (FY17 net revenue of $135.9 million) has announced that Joseph Lee was admitted to the partnership on Jan. 1.

Lee works from the firm’s Pasadena, Calif., office and has more than 20 years of experience providing tax consulting and compliance services to clients in the private equity, entertainment, manufacturing, retail and distribution industry sectors.

He began his career in private industry overseeing the tax and internal audit functions for an international transportation company and was a tax director at PwC before joining HCVT.

Dreyer Robbins and Associates to Join Holthouse Carlin & Van Trigt

Dreyer Robbins and Associates (DRA) of Los Angeles joined Los Angeles-based Holthouse Carlin & Van Trigt (FY17 net revenue of $135.9 million) on Jan. 1.

“Many of us at HCVT have had the pleasure to work with DRA’s founder, Mike Dreyer, and his team over the past several years,” says HCVT MP Phil Holthouse. The firm focuses on serving high-net-worth individuals, and their related entities – a great fit for many of our niche practices.”

Dreyer, who will become a partner and serve on the firm’s executive committee, says, “When I decided to merge my firm, I only had one call to make, and that was to HCVT. Their partners and the entire team share the same attributes I most admire in this business (or any business). Integrity, intelligence, sophistication, a solid work ethic and the ability to think outside the box. These attributes, coupled with a dedication to excellent client service and strong firm culture, are simply unparalleled.”