CohnReznick Names Hilbert MP of Assurance Practice

Robert Hilbert

Robert Hilbert

New York-based CohnReznick (FY17 net revenue of $617 million) named Robert Hilbert MP of the assurance practice. Hilbert succeeds Steven Schenkel, chief risk officer who has held a dual role in overseeing both the risk and assurance practices. Schenkel has announced his plans to retire next year, but will continue in the role of chief risk officer until then.

With more than 25 years of experience providing technical guidance on accounting and auditing issues, Hilbert has specialized knowledge on issues including fair value accounting, financial instruments, debt and equity transactions, revenue recognition, business combinations, income taxes and SEC reporting matters. His experience spans industries including retail, manufacturing, and energy entities, small to very large banks and other financial institutions, and technology and life sciences companies.

“Since joining our firm, Robert has become known for his strong leadership and team building. Our assurance practice will benefit from both of those strengths as he works to enhance collaboration between national assurance and our other client service teams,” says Frank Longobardi, CEO. “Steven’s leadership and commitment to protecting the firm’s professional standards of quality and independence have been instrumental to our growth and success. His active involvement in the profession has also provided valuable insight to guide our people and our clients through ever-changing business environments.”

IPA Spotlight On … Mary Elliott

Mary Elliott

Mary Elliott

Name: Mary Elliott
Title: Elliott is currently the firm’s Chief Operating Officer, but will transition to Chief Executive Officer in January 2018.
Firm: Birmingham, Ala.-based Warren Averett (FY16 net revenue of $124.4 million)
Accomplishments:

  • First female CEO in Warren Averett’s history.
  • Appointed as Warren Averett’s Chief Operations Officer in 2012.
  • Developed operations board for the firm, and served as chair for six years.
  • Started Warren Averett’s health care consulting division more than 30 years ago. Drove it from a startup to one of the top service areas in the firm.

The firm announced that you’ve been named CEO, but you don’t take over until the end of this year. How will you prepare over the next several months?

I will spend the next few months meeting with our leadership, reviewing new responsibilities that fall under the role of CEO and taking opportunities to engage with our employees to ensure that my transition is a smooth process.

You’ve served as both COO and the PIC of the health care consulting group – at the same time. Will partners continue to take on administrative functions like this, or do you envision a different structure in the future?

Our firm is built on opportunity, and our structure will continue in that mindset under my leadership. We will continue to look for ways provide A+ service to our clients, while providing employees the opportunity to grow, innovate and thrive.

You say you have a passion for women’s opportunities and issues in the work force. Do you feel any special responsibility as a woman in this role, considering you are one of only two women leaders within the Top 100, outside the Big 4?

I’ve never felt that being a female at Warren Averett has been a hindrance or a catalyst for my growth within the company. However, I am a woman, and I’m proud of who I am and the path that I’ve been able to take. I see this as an opportunity to reach out with and for other women – how can we make our workforce better? I’m not alone though. We have a strong group of talented females coming up within the firm today. In fact, our leadership team also includes a female CFO and firm administrator.

With the advent of artificial intelligence, blockchain technologies, Big Data and the rest, how can you help make Warren Averett future-ready?

Innovation is key. We will embrace change, continue to look for opportunities to stay ahead of the curve and make strides in these areas through our specialty groups and experts.

Do you know someone else who would make a good Spotlight? Contact Christina Camara.

KCoe Isom Opens New Office in Davis, California

Salina, Kan.-based KCoe Isom (FY17 net revenue of $63.8 million) opened a new office in the California central valley, near UC Davis.

“Because our firm is so deeply committed to the food and ag industry, the Sacramento area is an important physical location for us,” says Jeff Wald, CEO. “When we explored specific office possibilities, both the convenience for rural farms and ranches, and the proximity to leading ag school in the world – University of California at Davis – made the Davis community the clear choice for our office.”

KCoe Isom’s move into the Sacramento area brings the firm’s total locations in California to six, with five other offices spanning the central valley from Fresno to Redding.

“As an agribusiness consulting firm, we’re committed to supporting California growers and food producers here who constantly seek innovative ways to manage their businesses, especially given the added stress of economic, labor, and water concerns,” says firm principal Tommy Irvine.

Brabender Mascetta Pattison Merges Joins HBK CPAs & Consultants

Canfield, Ohio-based HBK CPAs & Consultants (FY16 net revenue of $60.6 million) merged with appraisal firm Brabender Mascetta Pattison of Pittsburgh. The merger extends HBK’s presence in the Pittsburgh region, and broadens the reach and depth of its HBK valuation, litigation and forensics business unit.

“Brabender Mascetta Pattison’s history of excellence in valuation and litigation support, particularly in the area of family law, was the impetus for pursuing a union between the two firms,” says Kelly Carrier, HKBVG PIC.

“This couldn’t work without there being cultural alignment, though. Like the professionals in HBK’s valuation, litigation and forensics group, BMP’s professionals are knowledgeable and credentialed; thorough, efficient and straightforward; and they are well respected by clients, attorneys and courts as independent, objective and ethical.”

“Since the founding of our firm in 2000, we have attempted to meet the challenge of providing uncompromising quality for our clients,” says Richard Brabender.

The Brabender Mascetta Pattison team remains intact and will continue to operate from its offices in downtown Pittsburgh. Their main area of concentration is business valuation and litigation support for sales, acquisitions, mergers, ESOP’s, succession planning, estate planning, estate and gift tax returns and borrowing. They also provide economic analyses related to marital litigation as well as damage lawsuits, shareholder disputes and other forms of litigation involving financial matters.

Andersen Tax Chicago Welcomes Lelko

San Francisco-based Andersen Tax (FY16 net revenue of $220.2 million) welcomed James Lelko as a managing director in the Chicago office. He will be part of the alternative investment funds practice. James has more 28 years of experience and specializes in tax consulting and compliance services for private equity and venture capital firms, hedge funds, investment advisors and broker-dealers.

“James’ background in the asset management industry will help bring diversity to the offerings we can provide in Chicago as well as nationally,” says Chicago office managing director, Kevin Burns. “His ability to navigate complexity and simplify business discussions will be a great benefit to our clients.”

“The addition of James adds a new dimension to the Chicago office and will round out our expertise in this area. He has a proven track record of growth, and we believe he will continue our firm’s focus on best-in-class leadership and client service,” says Mark Vorsatz, CEO.

CohnReznick Admits Curley as Partner

Tracy Curley

New York-based CohnReznick (FY17 net revenue of $617 million) admitted Tracy Curley as partner.

Based in the Boston office, Curley brings more than 25 years of experience providing audit and financial reporting services to companies in both the public and private sectors, with concentrations in technology, life sciences and renewable energy.

As a member of CohnReznick’s technology and life sciences industry practice, Curley will play a key role in advising technology and life sciences clients on accounting, business and industry related issues including raising capital and addressing complex accounting and reporting issues.

“Her depth of expertise in the audit, financial reporting and general business issues facing organizations will prove to be a great benefit to our clients in the technology and life sciences space locally in Boston and nationally,” says Russ Phillips, OMP of the Boston office.

Curley also has extensive expertise in SEC registrations, as well as ongoing SEC reporting and compliance and audit engagements. Her experience spans working with private, developmental stage and start-up organizations all the way through publicly traded, international multi-billion dollar corporations. Curley has also served in senior finance roles with various international publicly-traded companies.

RSM Names New Industry Leaders

Chicago-based RSM US (FY17 net revenue of $2 billion) named 13 national industry leaders to drive forward strategies that build on the firm’s industry strength and fulfill RSM’s commitment to deliver “the power of being understood.”

Industry leaders will focus on providing insights to the marketplace about issues and trends, while simultaneously enabling client service teams to provide even more industry-specific insights and accelerate their careers through a deeper industry focus.

“Our firm is focused on a clear vision to be the first-choice advisor to middle market leaders globally, and our industry expertise is the force that enables us to bring relevant insights and perspective to the challenges and opportunities our clients face,” says Don Lipari, national industry leader. “RSM has a rich history as a leader in understanding the needs of middle market businesses in a variety of industries.”

RSM’s national industry leaders include:

Bob Billig, nonprofit
Rick Edelheit, real estate
Bob Feldmann, state and local government
Jim Greisch, financial services
Steve Ingram, technology and life sciences
Carol Lapidus, consumer products
Steve Menaker, industrial products
Phil Newman, private clubs
Keith Stoneburner and Dwayne Eto, gaming and tribal
Dan Vandenberghe, health care
Dan Whelan, business and professional services

In addition to the firm’s national industry leaders, Milton Marccotte will serve as the national consulting representative to integrate consulting capabilities into RSM’s focus industries and sectors.

“Taking time to understand industry nuances is a game-changer with our clients and for our employees,” says Lipari.

WithumSmith+Brown Acquires Bond Beebe

Bethesda, Md.-based Bond Beebe joined its practice with Princeton, N.J.-based WithumSmith+Brown (FY17 net revenue of $175.4 million). Bond Beebe will remain at their locations in Bethesda and Alexandria, Va.

“Since the inception of Bond Beebe in 1932, our primary focus has been to provide remarkable service experiences, always putting the client first and making sure that our employees feel engaged, challenged and supported. The fact that Withum embraces personalized attention and a commitment to excellence to both these goals is tremendously important to us,” says David Dorsey, MP at Bond Beebe.

Withum’s MP and CEO Bill Hagaman also noted that Withum has been seeking the right fit to enhance its presence in the Washington, D.C., business community. “We have been seeking the right strategic partner in the Greater D.C. area, and we found the perfect match with Bond Beebe in terms of expertise, geographic location and culture,” he says. “Their expertise in servicing privately held businesses, not-for-profit organizations, government agencies, employee benefit plans, labor organizations and high net-worth individuals aligns perfectly with Withum’s current practice areas.”

According to Dorsey, the two firms combined resources will bring a new breadth of services to Bond Beebe clients. “Withum’s considerable resources will help us serve our clients better,” he says. “We can now offer enhanced technology and advisory services such as digital workplace solutions and cyber and information security services, as well as robust valuation and international tax services.”

Combined, Withum and Bond Beebe serve a wide range of industries. These include technology, financial and investment, healthcare, law and professional, government, labor organization, hospitality, life sciences, employee benefits, not-for-profit and education, government, manufacturing, consumer products, construction and real estate.

Marcum Admits 13 as Partner

New York-based Marcum (FY16 net revenue of $449 million) admitted 13 associates as partner. Effective immediately, the new partners are Mary Anne Mascarenas Alino (New York); Jana Aristizabal (Miami); Sougata Banerjee (Irvine, Calif.); Barry Burchel (Deerfield, Ill.); Joanne Cristiano (New Haven, Conn.); Sunil Jain (San Francisco); Thomas Keane (Neptune, N.J.); Kim Lowney (Philadelphia); Lawrence Montgomery (Philadelphia); Daniel Roche (New York City); Lori Rock (Los Angeles); Gary Rosen (New York); and Peter Scavuzzo (Melville, N.Y.).

“Promoting new partners from within the ranks of the firm is always poignant and an especially meaningful highlight of the year, because it speaks to the talent, dedication and professionalism of Marcum’s associates. The individuals we are welcoming to the partner ranks this year are an outstanding group of professionals who have served the interests of their clients and our Firm with distinction. They will be an intrinsic part of Marcum’s future, and on behalf of the entire Marcum team, I congratulate them all on this well-deserved achievement,” says Jeffrey Weiner, chairman and CEO.

More information about the new partners can be found here.

RKL Admits Clark to Firm Partnership

Jonathan Clark

Jonathan Clark

Lancaster, Pa.-based RKL (FY16 net revenue of $61.5 million) admitted Jonathan Clark to partnership.

“Jonathan’s specialized expertise and strategic approach to tax planning have made him a trusted advisor to his clients, a respected mentor to his colleagues and a major force in RKL’s continued success,” says Edward Monborne, CEO.

As partner in the tax services group, Clark will continue to serve clients throughout RKL’s central and eastern Pennsylvania region and will be primarily based out of the firm’s Wyomissing, Pa. office.

Clark delivers tax planning and compliance services to corporations, pass-through entities and individuals. He specializes in multi-state taxation and accounting for income taxes. Previously a manager in the tax services group, Clark has amassed experience providing outsourced tax services to multinational companies since joining RKL in 2009.